Raymond James Maintains Outperform on Iridium Communications, Raises Price Target to $47
Raymond James analyst Ric Prentiss maintains Iridium Communications (NASDAQ:IRDM) with a Outperform and raises the price target from $46 to $47.
Iridium Communications Earnings Perspective: Return On Invested Capital
According to Benzinga Pro, during Q3, Iridium Communications (NASDAQ:IRDM) earned $15.03 million, a 29.62% increase from the preceding quarter. Iridium Communications also posted a total of $162.16 million in sales, a 8.16% increase since Q2.
Iridium Communications Raises FY21 Total Service Revenue Growth Outlook From 4-5% To 5-6%
2021 Outlook
The Company updated its full-year 2021 outlook for total service revenue and OEBITDA and currently anticipates:
Total service revenue growth of between 5% and 6% for
Iridium Communications Q3 EPS $(0.02), Inline, Sales $162.16M Beat $153.71M Estimate
Iridium Communications (NASDAQ:IRDM) reported quarterly losses of $(0.02) per share which met the analyst consensus estimate. This is a 33.33 percent increase over losses of $(0.03) per share from the same period last
Earnings Scheduled For October 19, 2021
Companies Reporting Before The Bell
• Signature Bank (NASDAQ:SBNY) is likely to report quarterly earnings at $3.72 per share on revenue of $513.37 million.
Cathie Wood’s ARK Invest Posts Fund Sales For Monday, Oct. 11, 2021: SHOP, SE, NSTG, PRLB, IRDM, COIN, NXPI, LC, SMFR, TAK, VEEV, SDGR, EDIT, VRTX, REGN, OPEN
Shopify (SHOP) - 860
Sea (SE) - 5,757
NanoString Technologies (NSTG) - 160,139
Proto Labs (PRLB) - 152,226
Iridium Communications (IRDM)
Cathie Wood’s ARK Invest Posts Fund Sales For Wednesday, Sept. 22, 2021: NSTG, PRLB, IRDM, NTDOY, NTLA, SE, TER, NXPI, LC, ETSY, SMFR, CLLS, BMY, CDXS, NVS, NVDA
NanoString Technologies (NSTG) - 3,951 Shares
Proto Labs (PRLB) - 39,453
Iridium Communications (IRDM) - 172,348
Nintendo (NTDOY) - 129,900
Intellia Therapeutics (NTLA) - 66,750
Sea (SE) - 69,679
Teradyne (TER) -
Cathie Wood’s ARK Invest Posts Fund Purchases For Monday, Sept. 20, 2021: PRLB, IRDM, TER, TWLO, SE, SMFR, NVS, INTU, DOCU, AMZN, NVDA
Proto Labs (PRLB) - 33,400
Iridium Communications (IRDM) - 61,565
Teradyne (TER) - 89,816
Twilio (TWLO) - 134,211
Sea (SE) - 162,374
Sema4 Holdings Corp (SMFR)
Cathie Wood’s ARK Invest Posts Fund Sales For Friday, Sept. 17, 2021: NSTG, IRDM, TSLA, LC, CRBU, CLLS
NanoString Technologies (NSTG) - 104,400
Iridium Communications (IRDM) - 167,417
Tesla (TSLA) - 14,362
LendingClub (LC) - 401,984
Caribou Biosciences (CRBU)
Cathie Wood Sells Another $61.7M Tesla Shares, Marking 4th Day Of Trimming Stake In Elon Musk Company This Month
Cathie Wood-led Ark Invest on Wednesday further trimmed some of its stake in Tesla Inc (NASDAQ: TSLA), booking profits as the stock continued to show signs of recovery after months of dull performance this year.