Somewhat Positive Media Coverage Somewhat Unlikely to Impact Iridium Communications (IRDM) Stock Price

Press coverage about Iridium Communications (NASDAQ:IRDM) has trended somewhat positive recently, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Iridium Communications earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 47.1733165518935 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

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

Iridium Communications stock remained flat at $$11.25 during mid-day trading on Thursday. 653,592 shares of the company’s stock were exchanged, compared to its average volume of 733,070. The firm has a market cap of $1,104.88, a price-to-earnings ratio of 6.15, a PEG ratio of 31.03 and a beta of 1.79. Iridium Communications has a 12 month low of $8.88 and a 12 month high of $13.25. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.83 and a current ratio of 1.92.

Iridium Communications (NASDAQ:IRDM) last released its earnings results on Thursday, February 22nd. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.24). The business had revenue of $115.50 million for the quarter, compared to analyst estimates of $111.71 million. Iridium Communications had a return on equity of 7.21% and a net margin of 52.19%. Iridium Communications’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 earnings per share. analysts predict that Iridium Communications will post 0.07 EPS for the current year.

Several equities analysts have recently commented on IRDM shares. Zacks Investment Research upgraded shares of Iridium Communications from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Tuesday, December 26th. ValuEngine upgraded shares of Iridium Communications from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, BidaskClub lowered shares of Iridium Communications from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Iridium Communications presently has a consensus rating of “Hold” and an average target price of $13.00.

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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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