Stock Data
$1.62 (3.35%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
COMMUNICATION SERVICES
Industry
TELECOM SERVICES
Iridium Communications Inc. offers a wide range of communication services and products globally, including voice and data satellite communications for businesses, governments, and consumers. With a focus on mobile and satellite technology, it supports various applications such as broadband data, Internet of Things (IoT), and push-to-talk services. Iridium also provides specialized devices for tracking and maritime communications, alongside secure communication solutions for military and government agencies. Its products are distributed through a network of service providers, highlighting its role in connecting remote areas to the rest of the world.
Revenue beat by 2.2% to $225.2M with subscriber growth accelerating, but Iridium's bottom line cratered as $14.3M in Rocket Lab merger costs slashed earnings to $0.09, missing by 69%. The satellite operator won't hold earnings calls or issue guidance while the $8B all-stock deal awaits mid-2027 close.
16 Articles
Our top personal finance-related articles today. Your wallet will thank you later.
