Iridium Communications Inc (IRDM) 7.47 $IRDM
Why Iridium Communications (IRDM) Stock Is Up Today
at The Street - Mon May 12, 12:01PM CDT
Iridium Communications (IRDM) is gaining Monday after receiving an upgrade to 'outperform' from 'neutral' from Macquarie.
Post Earnings Update: Iridiummmunications Has Sunk 10.5% Lower in Past Week (IRDM)
Comtex SmarTrend(R) - Mon May 12, 11:24AM CDT
11 days ago, on May 1st, 2014, Iridiummmunications (NASDAQ:IRDM) reported its earnings. Analysts, on average, expected earnings of $0.17 per share on sales of $94.4 million. Iridiummmunications actually reported earnings of $0.19 per share on sales of $98.0 million, beating EPS estimates by $0.02 and beating revenue estimates by $3.6 million. Shares of Iridiummmunications have slipped from $7.61 to $6.81, representing a loss of 10.5%, since the company reported earnings 11 days ago.
Iridium prices common stock, series B preferred stock
M2 - Mon May 12, 7:58AM CDT
Iridium Communications Inc. (NASDAQ: IRDM) said it has priced its offering of 7,377,050 shares of its common stock at a price to the public of USD6.10 per share and 500,000 shares of its new 6.75 percent series B cumulative perpetual convertible preferred stock at a price to the public of USD250 per share.
Upgrade Alert for Iridiummmunications (IRDM)
Comtex SmarTrend(R) - Mon May 12, 7:16AM CDT
Iridiummmunications (NASDAQ:IRDM) was upgraded from Neutral to Outperform at Macquarie today. The stock closed yesterday at $6.81 on volume of 9.6 million shares, above average daily volume of 1.0 million. Iridium Communications, Inc. offers mobile satellite communications services.
Why Iridium Communications (IRDM) Stock Is Gaining On Friday
at The Street - Fri May 09, 9:21AM CDT
Iridium Communications (IRDM) stock is higher today after the company announced the pricing of its common stock and series B preferred stock.
Iridium Announces Pricing of Common Stock and Series B Preferred Stock
GlobeNewswire - Fri May 09, 6:09AM CDT
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium"
today announced the pricing of its offering of 7,377,050 shares of its common stock at a price to the public of $6.10 per share and 500,000 shares of its new 6.75% series B cumulative perpetual convertible preferred stock at a price to the public of $250 per share. The gross proceeds to Iridium from the offerings are expected to be approximately $170 million, before deducting underwriting discounts and commissions, and other estimated offering expenses payable by Iridium. Both offerings are expected to close on or about May 14, 2014. In connection with the common stock offering, Iridium also granted to the underwriters a 30-day option to purchase up to 1,106,558 additional shares of common stock at the public offering price to cover over-allotments, if any.
Iridium Communications (IRDM) in Focus: Stock Tumbles 5.1% - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Tue May 06, 7:43AM CDT
Iridium Communications has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days.
Why Iridium Communications (IRDM) Stock Is Slipping Today
at The Street - Mon May 05, 2:31PM CDT
Iridium Communications (IRDM) stock is sliding after the satellite communications operator announced an offering of common shares and convertible preferred stock.
Iridium Announces Offerings of Common Stock and Series B Preferred Stock
GlobeNewswire - Mon May 05, 6:00AM CDT
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium" today announced that it is offering to sell shares of its common stock and 500,000 shares of its new series B cumulative perpetual convertible preferred stock, in concurrent underwritten public offerings. The company expects to raise aggregate gross proceeds of $45 million in the common stock offering and aggregate gross proceeds of $125 million in the convertible preferred stock offering. The series B cumulative perpetual convertible preferred stock is non-voting, will have a liquidation preference of $250 per share and will be convertible into shares of common stock (subject to adjustment in certain events). In connection with the common stock offering, Iridium will also grant to the underwriters a 30-day option to purchase additional shares of common stock. Iridium intends to use the net proceeds from the offerings for general corporate purposes, which may include capital expenditures, including development and deployment of the Iridium NEXT system, working capital and general and administrative expenses.
Iridium Communications Inc. Announces Sale of Common Stock to Baron Funds
GlobeNewswire - Mon May 05, 6:00AM CDT
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium" today announced that it has entered into a stock purchase agreement pursuant to which Iridium will issue 7,692,308 shares of Iridium's common stock directly to certain Baron funds at a price of $6.50 per share for aggregate gross proceeds of $50,000,002. Delivery and payment for the shares is expected to occur today.
Pre-Market Review on Top Gainers -- Research on SouFun Holdings, CytRx, Iridium Communications, and Qihoo 360 Technology
PR Newswire - Fri May 02, 7:12AM CDT
The US markets finished on a mixed note on Thursday, May 01, 2014, with the NASDAQ Composite closing at 4,127.45, up 0.31%, the Dow Jones Industrial Average ending the session at 16,558.87, down 0.13% and the S&P 500 finishing 0.01% lower at 1,883.68. During the trading session, five out of ten sectors finished on a positive note. A number of stocks saw large movements, including SouFun Holdings Ltd (NYSE: SFUN), CytRx Corp. (NASDAQ: CYTR), Iridium Communications Inc. (NASDAQ: IRDM) and Qihoo 360 Technology Co. Ltd (NYSE: QIHU). Free technical research on SFUN, CYTR, IRDM and QIHU can be downloaded upon signing up at:
Nasdaq stocks posting largest percentage increases
AP - Thu May 01, 5:07PM CDT
NEW YORK (AP) — A look at the 10 biggest percentage gainers on Nasdaq at the close of trading:
Why Iridium Communications (IRDM) Stock is Surging Today
at The Street - Thu May 01, 2:08PM CDT
Iridium Communications (IRDM) surged Thursday after the satellite communications company reported first-quarter earnings that surpassed analysts' expectations.
Why Iridium Communications Inc. Soared Today
Brian Pacampara, The Motley Fool - Motley Fool - Thu May 01, 1:13PM CDT
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. What: Shares of satellite communications technologist ...
Iridium Announces First-Quarter 2014 Results; Company Affirms 2014 and Long-Range Outlook
GlobeNewswire - Thu May 01, 6:01AM CDT
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium" today reported financial results for the first quarter of 2014 and affirmed its full-year 2014 and long-range outlook. Net income was $16.5 million, or $0.19 per diluted share, for the first quarter of 2014, as compared to $14.9 million, or $0.17 per diluted share, for the first quarter of 2013. Operational EBITDA ("OEBITDA" for the first quarter was $51.6 million, as compared to $46.8 million for the prior-year period, representing a year-over-year increase of 10 percent and an OEBITDA margin of 53 percent. OEBITDA grew largely due to higher service revenue.
Iridium Upgrades Ground Station Infrastructure Worldwide for Enhanced Reliability and Performance
GlobeNewswire - Mon Apr 28, 6:30AM CDT
Iridium Communications Inc. (Nasdaq:IRDM) today announced the completion of an extensive upgrade to its ground station infrastructure in advance of the launch of its next generation constellation, Iridium NEXT, which is scheduled to begin in 2015. The upgrade encompasses several major components, designed to provide seamless connectivity with the new Iridium NEXT satellites as well as backward compatibility to its current network.
International Maritime Organization to Consider Iridium Application to be a Global Maritime Distress and Safety System Service Provider
GlobeNewswire - Thu Apr 24, 6:31AM CDT
Iridium Communications Inc. (Nasdaq:IRDM) today announced it has formally submitted a comprehensive application to the International Maritime Organization (IMO) through the United States for the provision of mobile satellite communications in the Global Maritime Distress and Safety System (GMDSS). If the application is approved, Iridium could begin providing GMDSS services in late 2015.
14.1% Return Seen to Date on SmarTrend Iridiummmunications Call (IRDM)
Comtex SmarTrend(R) - Tue Apr 22, 5:30PM CDT
SmarTrend identified an Uptrend for Iridiummmunications (NASDAQ:IRDM) on December 20th, 2013 at $6.20. In approximately 4 months, Iridiummmunications has returned 14.12% as of today's recent price of $7.07.
Iridium Announces Release Date for First-Quarter 2014 Financial Results
GlobeNewswire - Mon Apr 21, 6:00AM CDT
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium" will host a conference call on Thursday, May 1, 2014 at 8:30 a.m. Eastern Time (ET) to discuss the Company's first-quarter 2014 financial results. In advance of the call on May 1, 2014, Iridium will issue its first-quarter 2014 earnings press release, which will be available at http://www.iridium.com. To participate in the teleconference, callers can dial the toll-free number 1-877-334-1964 (U.S. callers only) or 1-631-291-4574 (from outside the U.S.). To help ensure the conference call begins in a timely manner, please dial in five minutes prior to the scheduled start time. The conference call will also be simultaneously webcast at http://www.iridium.com.
Why Iridium Communications (IRDM) Stock Is Up Today
at The Street - Mon May 12, 12:01PM CDT
Iridium Communications (IRDM) is gaining Monday after receiving an upgrade to 'outperform' from 'neutral' from Macquarie.
Post Earnings Update: Iridiummmunications Has Sunk 10.5% Lower in Past Week (IRDM)
Comtex SmarTrend(R) - Mon May 12, 11:24AM CDT
11 days ago, on May 1st, 2014, Iridiummmunications (NASDAQ:IRDM) reported its earnings. Analysts, on average, expected earnings of $0.17 per share on sales of $94.4 million. Iridiummmunications actually reported earnings of $0.19 per share on sales of $98.0 million, beating EPS estimates by $0.02 and beating revenue estimates by $3.6 million. Shares of Iridiummmunications have slipped from $7.61 to $6.81, representing a loss of 10.5%, since the company reported earnings 11 days ago.
Iridium prices common stock, series B preferred stock
M2 - Mon May 12, 7:58AM CDT
Iridium Communications Inc. (NASDAQ: IRDM) said it has priced its offering of 7,377,050 shares of its common stock at a price to the public of USD6.10 per share and 500,000 shares of its new 6.75 percent series B cumulative perpetual convertible preferred stock at a price to the public of USD250 per share.
Upgrade Alert for Iridiummmunications (IRDM)
Comtex SmarTrend(R) - Mon May 12, 7:16AM CDT
Iridiummmunications (NASDAQ:IRDM) was upgraded from Neutral to Outperform at Macquarie today. The stock closed yesterday at $6.81 on volume of 9.6 million shares, above average daily volume of 1.0 million. Iridium Communications, Inc. offers mobile satellite communications services.
Why Iridium Communications (IRDM) Stock Is Gaining On Friday
at The Street - Fri May 09, 9:21AM CDT
Iridium Communications (IRDM) stock is higher today after the company announced the pricing of its common stock and series B preferred stock.
Iridium Announces Pricing of Common Stock and Series B Preferred Stock
GlobeNewswire - Fri May 09, 6:09AM CDT
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium"
today announced the pricing of its offering of 7,377,050 shares of its common stock at a price to the public of $6.10 per share and 500,000 shares of its new 6.75% series B cumulative perpetual convertible preferred stock at a price to the public of $250 per share. The gross proceeds to Iridium from the offerings are expected to be approximately $170 million, before deducting underwriting discounts and commissions, and other estimated offering expenses payable by Iridium. Both offerings are expected to close on or about May 14, 2014. In connection with the common stock offering, Iridium also granted to the underwriters a 30-day option to purchase up to 1,106,558 additional shares of common stock at the public offering price to cover over-allotments, if any. Iridium Communications (IRDM) in Focus: Stock Tumbles 5.1% - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Tue May 06, 7:43AM CDT
Iridium Communications has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days.
Why Iridium Communications (IRDM) Stock Is Slipping Today
at The Street - Mon May 05, 2:31PM CDT
Iridium Communications (IRDM) stock is sliding after the satellite communications operator announced an offering of common shares and convertible preferred stock.
Iridium Announces Offerings of Common Stock and Series B Preferred Stock
GlobeNewswire - Mon May 05, 6:00AM CDT
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium"
today announced that it is offering to sell shares of its common stock and 500,000 shares of its new series B cumulative perpetual convertible preferred stock, in concurrent underwritten public offerings. The company expects to raise aggregate gross proceeds of $45 million in the common stock offering and aggregate gross proceeds of $125 million in the convertible preferred stock offering. The series B cumulative perpetual convertible preferred stock is non-voting, will have a liquidation preference of $250 per share and will be convertible into shares of common stock (subject to adjustment in certain events). In connection with the common stock offering, Iridium will also grant to the underwriters a 30-day option to purchase additional shares of common stock. Iridium intends to use the net proceeds from the offerings for general corporate purposes, which may include capital expenditures, including development and deployment of the Iridium NEXT system, working capital and general and administrative expenses. Iridium Communications Inc. Announces Sale of Common Stock to Baron Funds
GlobeNewswire - Mon May 05, 6:00AM CDT
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium"
today announced that it has entered into a stock purchase agreement pursuant to which Iridium will issue 7,692,308 shares of Iridium's common stock directly to certain Baron funds at a price of $6.50 per share for aggregate gross proceeds of $50,000,002. Delivery and payment for the shares is expected to occur today. Pre-Market Review on Top Gainers -- Research on SouFun Holdings, CytRx, Iridium Communications, and Qihoo 360 Technology
PR Newswire - Fri May 02, 7:12AM CDT
The US markets finished on a mixed note on Thursday, May 01, 2014, with the NASDAQ Composite closing at 4,127.45, up 0.31%, the Dow Jones Industrial Average ending the session at 16,558.87, down 0.13% and the S&P 500 finishing 0.01% lower at 1,883.68. During the trading session, five out of ten sectors finished on a positive note. A number of stocks saw large movements, including SouFun Holdings Ltd (NYSE: SFUN), CytRx Corp. (NASDAQ: CYTR), Iridium Communications Inc. (NASDAQ: IRDM) and Qihoo 360 Technology Co. Ltd (NYSE: QIHU). Free technical research on SFUN, CYTR, IRDM and QIHU can be downloaded upon signing up at:
Nasdaq stocks posting largest percentage increases
AP - Thu May 01, 5:07PM CDT
NEW YORK (AP) — A look at the 10 biggest percentage gainers on Nasdaq at the close of trading:
Why Iridium Communications (IRDM) Stock is Surging Today
at The Street - Thu May 01, 2:08PM CDT
Iridium Communications (IRDM) surged Thursday after the satellite communications company reported first-quarter earnings that surpassed analysts' expectations.
Why Iridium Communications Inc. Soared Today
Brian Pacampara, The Motley Fool - Motley Fool - Thu May 01, 1:13PM CDT
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. What: Shares of satellite communications technologist ...
Iridium Announces First-Quarter 2014 Results; Company Affirms 2014 and Long-Range Outlook
GlobeNewswire - Thu May 01, 6:01AM CDT
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium"
today reported financial results for the first quarter of 2014 and affirmed its full-year 2014 and long-range outlook. Net income was $16.5 million, or $0.19 per diluted share, for the first quarter of 2014, as compared to $14.9 million, or $0.17 per diluted share, for the first quarter of 2013. Operational EBITDA ("OEBITDA" for the first quarter was $51.6 million, as compared to $46.8 million for the prior-year period, representing a year-over-year increase of 10 percent and an OEBITDA margin of 53 percent. OEBITDA grew largely due to higher service revenue. Iridium Upgrades Ground Station Infrastructure Worldwide for Enhanced Reliability and Performance
GlobeNewswire - Mon Apr 28, 6:30AM CDT
Iridium Communications Inc. (Nasdaq:IRDM) today announced the completion of an extensive upgrade to its ground station infrastructure in advance of the launch of its next generation constellation, Iridium NEXT, which is scheduled to begin in 2015. The upgrade encompasses several major components, designed to provide seamless connectivity with the new Iridium NEXT satellites as well as backward compatibility to its current network.
International Maritime Organization to Consider Iridium Application to be a Global Maritime Distress and Safety System Service Provider
GlobeNewswire - Thu Apr 24, 6:31AM CDT
Iridium Communications Inc. (Nasdaq:IRDM) today announced it has formally submitted a comprehensive application to the International Maritime Organization (IMO) through the United States for the provision of mobile satellite communications in the Global Maritime Distress and Safety System (GMDSS). If the application is approved, Iridium could begin providing GMDSS services in late 2015.
14.1% Return Seen to Date on SmarTrend Iridiummmunications Call (IRDM)
Comtex SmarTrend(R) - Tue Apr 22, 5:30PM CDT
SmarTrend identified an Uptrend for Iridiummmunications (NASDAQ:IRDM) on December 20th, 2013 at $6.20. In approximately 4 months, Iridiummmunications has returned 14.12% as of today's recent price of $7.07.
Iridium Announces Release Date for First-Quarter 2014 Financial Results
GlobeNewswire - Mon Apr 21, 6:00AM CDT
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium"
will host a conference call on Thursday, May 1, 2014 at 8:30 a.m. Eastern Time (ET) to discuss the Company's first-quarter 2014 financial results. In advance of the call on May 1, 2014, Iridium will issue its first-quarter 2014 earnings press release, which will be available at http://www.iridium.com. To participate in the teleconference, callers can dial the toll-free number 1-877-334-1964 (U.S. callers only) or 1-631-291-4574 (from outside the U.S.). To help ensure the conference call begins in a timely manner, please dial in five minutes prior to the scheduled start time. The conference call will also be simultaneously webcast at http://www.iridium.com. 
