Barclays Upgrades Iridium Communications (IRDM) to Overweight, 'Solid quarter, attractive outlook

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Go back to Barclays Upgrades Iridium Communications (IRDM) to Overweight, 'Solid quarter, attractive outlook

Iridium Communications (IRDM) PT Lowered to $68 at Raymond James

July 26, 2023 7:19 AM EDT

Raymond James analyst Ric Prentiss lowered the price target on Iridium Communications (NASDAQ: IRDM) to $68.00 (from $76.00) while maintaining a Strong Buy rating.... More

Iridium Communications (IRDM) Reports Q2 Net Loss of $30.74M

July 25, 2023 7:05 AM EDT

Iridium Communications (NASDAQ: IRDM) reported Q2 net loss of $30.74M. Revenue for the quarter came in at $193.1 million versus the consensus estimate of $198.42 million.

The company guided:

Total service revenue growth between 9% and 11% for full-year 2023. Total service revenue for 2022 was $534.7 million.Full-year 2023... More