Iridium CommunicationsIRDM
About: Iridium Communications Inc offers voice and data communications services and products to businesses, U.S. and international government agencies, and other customers on a global basis. The company is a provider of mobile voice and data communications services through a constellation of low earth-orbiting satellites. Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies around the world. The Company operates in one business segment, providing global satellite communications services and products.
Employees: 760
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
76% more call options, than puts
Call options by funds: $13.4M | Put options by funds: $7.65M
50% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]
35% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 37
7% more capital invested
Capital invested by funds: $2.76B [Q2] → $2.97B (+$204M) [Q3]
1% more funds holding
Funds holding: 341 [Q2] → 346 (+5) [Q3]
3.36% less ownership
Funds ownership: 85.49% [Q2] → 82.13% (-3.36%) [Q3]
12% less repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 131
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
BWS Financial Hamed Khorsand 64% 1-year accuracy 106 / 166 met price target | 7%upside $30 | Neutral Maintained | 21 Oct 2024 |
Financial journalist opinion
Based on 3 articles about IRDM published over the past 30 days
