Somewhat Positive News Coverage Somewhat Unlikely to Affect Iridium Communications (NASDAQ:IRDM) Stock Price
News headlines about Iridium Communications (NASDAQ:IRDM) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public 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 0.16 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 46.5981807554983 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Value Composite Update on Columbia Sportswear Company (NasdaqGS:COLM) and Iridium Communications Inc … – Evergreen Caller (evergreencaller.com)
- Analysts focus on Buy position: Iridium Communications Inc. (IRDM) – Street Observer (press release) (streetobserver.com)
- ETFs with exposure to Iridium Communications, Inc. : August 11, 2017 (finance.yahoo.com)
- Trading Review: Checking in on SEGRO PLC (SGRO.L) Shares (overnewsmagazine.com)
- Highlights From Iridium Communications’ Q2 2017 Report – Motley Fool (fool.com)
A number of research analysts recently weighed in on the company. Zacks Investment Research lowered Iridium Communications from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub raised Iridium Communications from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Iridium Communications presently has a consensus rating of “Buy” and an average target price of $12.00.
Iridium Communications (NASDAQ IRDM) opened at 10.20 on Friday. The firm has a market cap of $996.21 million, a price-to-earnings ratio of 10.91 and a beta of 1.69. Iridium Communications has a one year low of $6.80 and a one year high of $11.58. The company’s 50-day moving average price is $10.65 and its 200-day moving average price is $10.05.
Iridium Communications (NASDAQ:IRDM) last announced its earnings results on Thursday, July 27th. The technology company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $111.60 million for the quarter, compared to the consensus estimate of $109.18 million. Iridium Communications had a return on equity of 8.68% and a net margin of 27.14%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 EPS. On average, analysts anticipate that Iridium Communications will post $0.80 EPS for the current year.
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.
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