Headlines about Iridium Communications (NASDAQ:IRDM) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative 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 positive one, with scores nearest to one being the most favorable. Iridium Communications earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 47.1733165518935 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
- Iridium preps for fifth NEXT launch with SpaceX – Seeking Alpha (seekingalpha.com)
- Iridium Certus(SM) Distribution Expands; Enables Globally ‘Connected Vehicles’, Assets and Teams – GlobeNewswire (press release) (globenewswire.com)
- Iridium Certus(SM) Distribution Expands Enables Globally ‘Connected Vehicles’, Assets and Teams Nasdaq:IRDM (menafn.com)
- Iridium Certus(SM) Distribution Expands; Enables Globally ‘Connected Vehicles’, Assets and Teams (finance.yahoo.com)
- Iridium Communications Inc. (IRDM) has analyst mean rating score of 2.00 – Nasdaq Fortune (press release) (nasdaqfortune.com)
A number of equities analysts have issued reports on IRDM shares. Zacks Investment Research cut shares of Iridium Communications from a “hold” rating to a “sell” rating in a research report on Saturday, February 24th. ValuEngine raised shares of Iridium Communications from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, BidaskClub cut shares of Iridium Communications from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.00.
Iridium Communications (NASDAQ:IRDM) last posted its quarterly earnings results on Thursday, February 22nd. The technology company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.24). The company had revenue of $115.50 million during the quarter, compared to analysts’ expectations of $111.71 million. Iridium Communications had a return on equity of 7.21% and a net margin of 52.19%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. research analysts anticipate that Iridium Communications will post 0.07 EPS for the current fiscal year.
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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.
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