Form 10-Q Iridium Communications For: Mar 31
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq end lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Needham Starts NeoVolta (NEOV) at Buy
William Blair Upgrades Iridium Communications (IRDM) to Outperform
April 22, 2025 11:04 AM EDTWilliam Blair analyst Louie DiPalma upgraded Iridium Communications (NASDAQ: IRDM) from Market Perform to Outperform.
The analyst comments "We are upgrading shares of Iridium to Outperform with shares trading down 9% following earnings. We see greater than 20% upside over the next year as free cash flow remains resilient, even in a recessionary environment. Our confidence is driven by several factors. First, Iridium reaffirmed its expectation to generate $302 million in free cash flow this year, which represents 13% of the companys market cap. We believe the companys 7-times free cash flow multiple... More
