Stock in Focus: Iridium Communications Inc. (IRDM)

Company Profile:

Iridium Communications Inc. provides mobile voice and data communications services through satellite to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of things (IoT) services. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. was founded in 2000 and is headquartered in McLean, Virginia.

Recent News:

On March 16, 2018, the company announced that it has priced $360 million in aggregate principal amount of its senior unsecured notes due 2023. The Notes will bear interest at 10.250% per annum and will mature on April 15, 2023.

Iridium reported fourth-quarter of 2017 total revenue of $115.5 million, increased 7% versus the comparable period of 2016. The Company ended the quarter with 969,000 total billable subscribers, which compares to 850,000 for the year-ago period and is up from 949,000 for the quarter ended September 30, 2017.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

IRDM’s strengths can be seen in its strong growth and robust profitability compared with its peers. Its revenue and net income have increased over recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic Oscillator, RSI is strong in the bullish zone and MACD is trying to cross back up. We rate Iridium Communications Inc. (IRDM) a STRONG BUY.

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