Iridium Communications (IRDM) Given Coverage Optimism Rating of 0.01

News stories about Iridium Communications (NASDAQ:IRDM) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. 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 0.01 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.9900278700351 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 media headlines that may have impacted Accern Sentiment Analysis’s analysis:

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IRDM traded up $0.10 on Friday, hitting $11.70. 756,918 shares of the company were exchanged, compared to its average volume of 803,429. Iridium Communications has a twelve month low of $9.68 and a twelve month high of $13.25. The stock has a market capitalization of $1,277.68, a price-to-earnings ratio of 16.71, a PEG ratio of 32.28 and a beta of 1.82. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.92 and a quick ratio of 1.83.

Iridium Communications (NASDAQ:IRDM) last released its 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). Iridium Communications had a return on equity of 7.21% and a net margin of 52.19%. The company had revenue of $115.50 million for the quarter, compared to analyst estimates of $111.71 million. During the same period in the previous year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. research analysts anticipate that Iridium Communications will post 0.07 earnings per share for the current year.

IRDM has been the topic of several research analyst reports. Zacks Investment Research upgraded 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 Iridium Communications from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, BidaskClub downgraded Iridium Communications from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Iridium Communications has a consensus rating of “Hold” and a consensus target price of $13.00.

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About Iridium Communications

Iridium Communications Inc provides mobile voice and data communications services through satellite to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of things (IoT) services.

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