Raymond James Financial Reiterates “Market Perform” Rating for Iridium Communications (NASDAQ:IRDM)

Iridium Communications (NASDAQ:IRDM)‘s stock had its “market perform” rating reissued by investment analysts at Raymond James Financial in a research report issued on Friday,Benzinga reports.

Several other brokerages also recently weighed in on IRDM. Weiss Ratings upgraded Iridium Communications from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, March 10th. Barclays boosted their price objective on Iridium Communications from $25.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Morgan Stanley boosted their target price on Iridium Communications from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 18th. Finally, BWS Financial reissued a “sell” rating and set a $16.00 target price on shares of Iridium Communications in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Iridium Communications has an average rating of “Hold” and a consensus price target of $27.60.

Iridium Communications Stock Performance

Shares of IRDM stock opened at $40.93 on Friday. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.82 and a current ratio of 2.48. Iridium Communications has a fifty-two week low of $15.65 and a fifty-two week high of $44.36. The stock has a 50 day moving average price of $28.95 and a two-hundred day moving average price of $22.00. The company has a market capitalization of $4.33 billion, a P/E ratio of 38.61, a PEG ratio of 2.73 and a beta of 0.48.

Iridium Communications (NASDAQ:IRDM) last announced its quarterly earnings data on Thursday, April 23rd. The technology company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.07). Iridium Communications had a net margin of 13.12% and a return on equity of 24.01%. The company had revenue of $219.06 million during the quarter, compared to the consensus estimate of $218.39 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts expect that Iridium Communications will post 1.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Timothy Kapalka sold 2,043 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $33.00, for a total value of $67,419.00. Following the sale, the chief accounting officer directly owned 45,721 shares of the company’s stock, valued at $1,508,793. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Iridium Communications

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its stake in Iridium Communications by 107.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,430 shares of the technology company’s stock worth $25,000 after purchasing an additional 741 shares during the period. Hantz Financial Services Inc. grew its stake in Iridium Communications by 184.7% in the third quarter. Hantz Financial Services Inc. now owns 1,506 shares of the technology company’s stock worth $26,000 after purchasing an additional 977 shares during the period. Larson Financial Group LLC grew its stake in Iridium Communications by 392.8% in the third quarter. Larson Financial Group LLC now owns 1,508 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,202 shares during the period. Kestra Advisory Services LLC purchased a new stake in Iridium Communications in the fourth quarter worth $27,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in Iridium Communications in the third quarter worth $32,000. 84.36% of the stock is owned by hedge funds and other institutional investors.

Iridium Communications News Summary

Here are the key news stories impacting Iridium Communications this week:

• Positive Sentiment: Revenue slightly beat consensus and grew year-over-year, showing continued underlying demand; management reiterated its full-year 2026 outlook, which limits the scope of the selloff. Iridium Announces First Quarter 2026 Results
• Neutral Sentiment: Transcript and analyst breakdowns published today give detail on metrics (subscriber trends, service vs equipment mix, margin commentary) for investors who want to parse guidance and unit economics. Iridium Communications Inc. (IRDM) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Pre- and post-earnings analysis comparing key metrics to Street estimates is available for a deeper read on where the beat/miss came from. Iridium (IRDM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
• Neutral Sentiment: Trading was briefly halted due to an LULD (limit up/limit down) pause, reflecting heightened intraday volatility following the print. (Market microstructure note; no link available in the filing list.)
• Negative Sentiment: EPS missed by $0.07 — reported $0.20 vs. consensus $0.27 — and EPS declined from $0.27 a year ago, which is the primary driver of the share decline despite the revenue outcome. Iridium Communications (IRDM) Q1 Earnings and Revenues Miss Estimates
• Negative Sentiment: Market coverage noted the miss and said the stock fell following the report, indicating investor disappointment and profit-taking after a strong 2026 rally. Iridium stock falls on earnings miss amid big 2026 rally

Iridium Communications Company Profile

Iridium Communications Inc operates a global satellite communications network that delivers voice and data services across land, sea and air. The company’s unique architecture relies on a constellation of 66 low-Earth orbit satellites, enabling real-time connectivity in regions beyond the reach of terrestrial wireless networks. Iridium’s core offerings include satellite voice and messaging services, broadband data terminals, push-to-talk (PTT) interoperability and machine-to-machine (M2M) solutions for the Internet of Things (IoT).

Iridium serves a diverse range of markets, including maritime shipping, aviation, government and defense, energy, and enterprise.