Iridium Communications (IRDM) Receiving Somewhat Favorable Media Coverage, Analysis Finds

News headlines about Iridium Communications (NASDAQ:IRDM) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Iridium Communications earned a media sentiment score of 0.01 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.9900278700351 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

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

A number of analysts recently commented on IRDM shares. ValuEngine downgraded shares of Iridium Communications from a “strong-buy” rating to a “buy” rating in a report on Friday, February 23rd. Zacks Investment Research upgraded shares of Iridium Communications from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Tuesday, December 26th. Finally, BidaskClub upgraded shares of Iridium Communications from a “hold” rating to a “buy” rating in a report on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $13.00.

Shares of Iridium Communications (NASDAQ:IRDM) opened at $11.55 on Friday. The company has a quick ratio of 1.83, a current ratio of 1.92 and a debt-to-equity ratio of 1.01. Iridium Communications has a fifty-two week low of $8.65 and a fifty-two week high of $13.25. The company has a market cap of $1,090.15, a P/E ratio of 6.31, a P/E/G ratio of 30.62 and a beta of 1.79.

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