Iridium Communications (IRDM) Earns Media Impact Rating of 0.15

Media headlines about Iridium Communications (NASDAQ:IRDM) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Iridium Communications earned a news impact score of 0.15 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.8868471592338 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

Iridium Communications (NASDAQ:IRDM) opened at $11.60 on Friday. The company has a current ratio of 2.78, a quick ratio of 2.67 and a debt-to-equity ratio of 1.17. Iridium Communications has a 1 year low of $7.80 and a 1 year high of $12.90. The stock has a market capitalization of $1,131.56, a P/E ratio of 12.55, a P/E/G ratio of 2.77 and a beta of 1.75.

Iridium Communications (NASDAQ:IRDM) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. Iridium Communications had a return on equity of 8.31% and a net margin of 26.38%. The business had revenue of $116.55 million for the quarter, compared to analyst estimates of $113.96 million. During the same period last year, the company earned $0.26 EPS. Iridium Communications’s revenue for the quarter was up 3.3% compared to the same quarter last year. analysts predict that Iridium Communications will post 0.83 earnings per share for the current year.

IRDM has been the topic of a number of research reports. Drexel Hamilton reissued a “buy” rating and set a $14.00 price objective on shares of Iridium Communications in a report on Thursday, August 31st. ValuEngine upgraded Iridium Communications from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Iridium Communications from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Wednesday, September 27th. Wells Fargo & Company raised their price target on Iridium Communications from $9.75 to $12.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Finally, TheStreet upgraded Iridium Communications from a “c+” rating to a “b” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Iridium Communications presently has an average rating of “Hold” and a consensus target price of $12.33.

In related news, Director A B. Krongard purchased 45,750 shares of Iridium Communications stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of $10.89 per share, for a total transaction of $498,217.50. Following the transaction, the director now directly owns 149,788 shares in the company, valued at $1,631,191.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.40% of the stock is owned by company insiders.

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About Iridium Communications

Iridium Communications Inc is engaged in providing global satellite communications services and products. The Company offers mobile voice and data communications services through satellite, and provides communications services offering true global coverage. It provides services to businesses, the United States and foreign governments, non-governmental organizations and consumers through its satellite network, which has over 70 in-orbit satellites with in orbit spares and related ground infrastructure.

Insider Buying and Selling by Quarter for Iridium Communications (NASDAQ:IRDM)

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