Media stories about Iridium Communications (NASDAQ:IRDM) have trended positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Iridium Communications earned a news sentiment score of 0.26 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 45.4113746844666 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media headlines that may have effected Accern’s analysis:

Iridium Communications (IRDM) opened at $12.05 on Friday. The firm has a market cap of $1,190.00, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 4.03 and a beta of 1.75. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.67 and a current ratio of 2.78. Iridium Communications has a 12-month low of $7.80 and a 12-month high of $12.90.

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

A number of research firms recently issued reports on IRDM. Zacks Investment Research downgraded shares of Iridium Communications from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. TheStreet upgraded shares of Iridium Communications from a “c+” rating to a “b” rating in a report on Friday, October 27th. Wells Fargo & Co boosted their target price on shares of Iridium Communications from $9.75 to $12.00 and gave the company a “market perform” rating in a report on Friday, October 27th. BidaskClub raised shares of Iridium Communications from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Finally, ValuEngine raised shares of Iridium Communications from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Iridium Communications has a consensus rating of “Buy” and an average price target of $13.00.

In other news, Director A B. Krongard bought 45,750 shares of Iridium Communications stock in a transaction dated Thursday, November 9th. The shares were acquired at an average cost of $10.89 per share, with a total value of $498,217.50. Following the completion of the transaction, the director now owns 149,788 shares in the company, valued at approximately $1,631,191.32. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.40% of the company’s stock.

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Iridium Communications Company Profile

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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