Iridium Communications (IRDM, Financial) recently experienced a significant stock dip of 5%, trading at $30.02 per share. The trading volume reached 711,988 shares with a turnover rate of 0.63% and a price fluctuation of 5.12%. The company's recent financial report reveals a revenue of $213 million, a net profit of $24.45 million, and an earnings per share of $0.21. The gross profit stands at $105 million with a price-to-earnings ratio of 32.37.
Among the seven institutions rating the stock, 71% recommend buying, while 29% suggest holding, with no sell recommendations. Within the telecom services sector, the industry saw an overall decline of 0.85%. Other active stocks in this sector include Veon Ltd, Radcom Ltd., and Crexendo, Inc., with notable price upticks. Additionally, Lumen Technologies, Inc. and Frontier Communications Parent, Inc. showed significant activity with turnover rates of 4.93%, 0.63%, and 0.62% respectively. Stocks with large price swings include Lumen Technologies, Inc., Sify Technologies Limited, and Fingermotion, Inc.
Iridium Communications is a global provider of voice and data communication services, primarily through a low Earth orbit satellite constellation. Its solutions are tailored for diverse sectors including maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. The company also serves subscribers from the U.S. Department of Defense and other global civilian and government agencies, operating a single business unit that delivers worldwide satellite communication services and products.
