Iridium Announces Record 2018 Results; Company Issues 2019 Outlook
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Iridium Communications (IRDM) PT Raised to $25 at Raymond James
March 1, 2019 7:34 AM ESTRaymond James analyst Ric Prentiss raised the price target on Iridium Communications (NASDAQ: IRDM) to $25.00 (from $23.00) while maintaining a Strong Buy rating following 2019 guidance.
... MoreIridium Communications (IRDM) Tops Q4 EPS by 5c, Revenues Beat; Provides FY19 Outlook
February 28, 2019 7:12 AM ESTIridium Communications (NASDAQ: IRDM) reported Q4 EPS of ($0.09), $0.05 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $132.2 million versus the consensus estimate of $127.99 million.
"2018 was an outstanding year for Iridium. Our company delivered service revenue growth of 17% and equally impressive subscriber growth of 16% to end the year with more than 1.1 million active users. Our core business has never been stronger, and momentum in commercial IoT continues to fuel innovation and... More
