Iridium Comms 株価情報 (NASDAQ: IRDM)

Iridium Comms (NASDAQ:IRDM) 株価情報

Iridium Comms

Iridium Communications Inc is the commercial provider of communications services offering true globalised coverage, connecting people, organizations and assets to and from anywhere, in real time. The company is a provider of mobile voice and data communications services through a constellation of low earth-orbiting satellites. Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies world-wide. The Company operates in one business segment, providing satellite communications services and products.

Iridium Communications Inc - Common Stock

Iridium Communications Inc

On Friday,&nbsp;Cathie Wood-led&nbsp;Ark Invest&nbsp;made significant trades involving stocks such as&nbsp;Iridium Communications Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>),&nbsp;Twist Bioscience Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>),&nbsp;PagerDuty Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>),&nbsp;Beam Therapeutics Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAM#NASDAQ">BEAM</a>),&nbsp;Roku Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), and&nbsp;Ibotta Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBTA#NASDAQ">IBTA</a>).
The IRDM Trade
Ark Invest, through its ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), bought 86,666 shares of Iridium Communications.
The closing price of IRDM on Friday was $31.63, making the total value of this trade approximately $2.74 million. This move comes amidst a slight decline in IRDM&#8217;s stock price, with a 1.13% change on Friday.
The TWST Trade
Ark Invest also purchased 36,806 shares of Twist Bioscience Corp through ARKK.
With a closing price of $47.59, the total value of this trade amounts to approximately $1.75 million. TWST's stock price surged by more than 1.5% on Friday.
The PD Trade
Ark Invest bought 35,546 shares of PagerDuty Inc through ARKK and an additional 10,215 shares through its ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>).
With PD&#8217;s closing price on Friday at $19.3, the total value of this trade is approximately $882,000.
Other Key Trades:
<ul>
<li>Ark Invest bought 24,250 shares of Ibotta Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBTA#NASDAQ">IBTA</a>) through its ARK Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>).</li>
<li>Ark Invest bought 1,916 shares of Beam Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAM#NASDAQ">BEAM</a>) through its ARK Genomic Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#NYSE">ARKG</a>) and ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>).</li>
<li>Ark Invest sold 46,810 shares of Roku Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) through its ARKK and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>).</li>
</ul>
These trades reflect Ark Invest&#8217;s strategic decisions in the face of the dynamic tech sector&#8217;s performance.
Read Next:
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<li><a href="https://www.benzinga.com/25/02/43755136/bill-gates-wanted-a-friend-to-take-charge-of-microsoft-due-to-regret-over-leaving-harvard-but-heres-why-he-panick">Bill Gates Wanted A Friend To &#8216;Take Charge&#8217; Of Microsoft Due To Regret Over Leaving Harvard, But Here&#8217;s Why He Panicked And Dropped Out</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Ark Invest

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Cathie Wood's Ark Invest Loads Up On Iridium, Twist Bioscience, Offloads Roku: Here Are Key Ark Trades This Friday

U.S. stocks were higher, with the Nasdaq Composite gaining around 100 points on Thursday.
Shares of Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) rose sharply during Thursday's session after the company reported better-than-expected fourth-quarter <a href="https://www.benzinga.com/news/earnings/25/02/43676276/robinhood-q4-earnings-highlights-record-revenue-eps-beat-analyst-estimates-crypto-revenue-up-700">financial results</a>.
Robinhood reported fourth-quarter revenue of $1.01 billion, up 115% year-over-year and a new company record. The revenue figure beat a Street consensus estimate of $944.62 million, according to data from Benzinga Pro. The company reported record quarterly earnings per share of $1.01, beating a Street consensus estimate of 43 cents per share.
Robinhood shares jumped 11.9% to $62.56 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) shares jumped 33.7% to $509.14 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter revenue guidance above estimates.</li>
<li>Dutch Bros Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) gained 30.6% to $84.55 following better-than-expected quarterly financial results. D Securities and Wedbush raised their respective price targets on the stock.</li>
<li>SBC Medical Group Holdings Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBC#NASDAQ">SBC</a>) gained 28.5% to $6.63. The company recently announced it will invest one billion yen into Bitcoin.</li>
<li>Pagaya Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>) climbed 27% to $14.97 following upbeat quarterly results.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) shares jumped 22% to $7.89 following quarterly results.</li>
<li>DNOW Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) shares gained 21.9% to $17.20 following strong quarterly earnings.</li>
<li>The Manitowoc Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) shares jumped 20.3% to $11.76 following fourth-quarter results.</li>
<li>Sable Offshore Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOC#NYSE">SOC</a>) gained 19.5% to $29.25.</li>
<li>Corsair Gaming, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSR#NASDAQ">CRSR</a>) gained 18.7% to $11.80 after reporting upbeat quarterly results.</li>
<li>Iridium Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) rose 18.7% to $32.99 after the company reported better-than-expected quarterly financial results.</li>
<li>Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) gained 18.4% to $105.20 following strong fourth-quarter earnings and upbeat guidance.</li>
<li>Palomar Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLMR#NASDAQ">PLMR</a>) rose 16% to $126.48 following upbeat earnings.</li>
<li>MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) gained 14.3% to $39.27 after the company reported better-than-expected quarterly financial results.</li>
<li>Lincoln Electric Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>) rose 13.3% to $219.72 following better-than-expected Q4 financial results.</li>
<li>Hims &amp; Hers Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NASDAQ">HIMS</a>) gained 13.3% to $52.40.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) rose 9.9% to $24.71.</li>
<li>Service Corporation International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCI#NYSE">SCI</a>) rose 9.3% to $83.12 following better-than-expected Q4 financial results.</li>
<li>Sony Group Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) gained 9% to $23.95 after the company reported a year-over-year increase in third-quarter financial results.</li>
<li>HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) gained 7.7% to $846.00 following stronger-than-expected results.</li>
<li>GE HealthCare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>) gained 7.1% to $92.03 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued FY25 adjusted EPS guidance with its midpoint above estimates.</li>
<li>Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) gained 6.3% to $648.75 following quarterly results.</li>
</ul>
Now Read This:
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<li> <a href="https://www.benzinga.com/25/02/43693447/top-wall-street-forecasters-revamp-coinbase-price-expectations-ahead-of-q4-earnings">Top Wall Street Forecasters Revamp Coinbase Price Expectations Ahead Of Q4 Earnings</a></li>
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Robinhood, Gilead Sciences, Crocs, Lincoln Electric, HubSpot, GE HealthCare And Other Big Stocks Moving Higher On Thursday

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Iridium Communications shares are trading higher after the company reported better-than-expected Q4 financial results.

2025 and Longer-Term Outlook
The Company issued its full-year 2025 outlook and reaffirmed its long-term guidance on cash taxes and net leverage:
<ul>
<li>Total service revenue growth between 5% and 7% for full-year 2025. Total service revenue for 2024 was $614.9 million.</li>
<li>Full-year 2025 OEBITDA between $490 million and $500 million. OEBITDA for 2024 was $470.6 million.</li>
<li>Cash taxes of less than $10 million per year through 2026. We expect that the longer-term cash tax rate will move closer to the statutory rate in 2028.</li>
<li>Net leverage below 4.0 times OEBITDA through 2026 and falling below 2.0 times OEBITDA by the end of the decade, assuming ongoing execution of the Company&#39;s share repurchase authorization and the payment of expected quarterly dividends. Net leverage was 3.6 times OEBITDA at December 31, 2024.</li>
</ul>

Earnings

Guidance

Iridium Communications 2025 Outlook: Expects Revenue Growth Of 5%-7% YoY; Sees OEBITDA Between $490M-$500M And Net Leverage Below 4.0x Through 2026

Iridium Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) reported quarterly earnings of $0.32 per share which beat the analyst consensus estimate of $0.17 by 88.24 percent. This is a 6.67 percent increase over earnings of $0.30 per share from the same period last year. The company reported quarterly sales of $212.991 million which beat the analyst consensus estimate of $204.210 million by 4.30 percent. This is a 9.37 percent increase over sales of $194.740 million the same period last year.

Earnings Beats

Iridium Comms Q4 2024 GAAP EPS $0.32 Beats $0.17 Estimate, Sales $212.991M Beat $204.210M Estimate

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Earnings Scheduled For February 13, 2025

On Monday, Cathie Wood-led Ark Invest made significant trades involving Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), Reddit Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), and Iridium Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>). 
The Lockheed Martin Corp Trade
Ark Invest&#8217;s decision to sell 15,995 shares of Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) through ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) comes during a period of mixed financial results for the aerospace giant. Recently, Lockheed Martin reported a slight decline in net sales for the fourth quarter of 2024, missing consensus estimates. However, the company <a href="https://www.benzinga.com/news/earnings/25/01/43271143/lockheed-martin-q4-earnings-sales-miss-margin-squeeze-but-backlog-boosts-2025-prospects">surpassed earnings expectations</a> with an adjusted EPS of $7.67. Despite challenges, analysts remain <a href="https://www.benzinga.com/25/01/43313600/lockheed-martin-to-face-near-term-challenges-say-analysts">optimistic</a> about the company&#8217;s future, especially with the F-35 program ramping up, as highlighted by BofA Securities. The closing price for LMT on Monday was $455.42. The Ark trade was valued at $7.3 million.
The Reddit Trade
Ark Invest jettisoned 2,716 Reddit Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) shares, worth $549,473, through Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>). the dynamic sentiment surrounding the social media platform. Analysts have provided a range of opinions on Reddit, with a recent <a href="https://www.benzinga.com/insights/analyst-ratings/25/01/43317183/18-analysts-assess-reddit-what-you-need-to-know">analysis</a> showing a diverse set of ratings. Analysts&#8217; 12-month price targets average $185.89, up 51.36% from $122.81. Reddit&#8217;s stock closed at $202.31 on Monday marking a 1.38% rise.
The Iridium Trade
Ark Invest&#8217;s purchase of Iridium Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) shares via ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>) aligns with the company&#8217;s recent strong performance. On Monday, Ark picked up 22,067 Iridium shares worth $626,261.
Iridium, reported an 8% increase in total revenue for the third quarter of 2024, driven by higher commercial and government service revenues, as detailed in a <a href="https://www.benzinga.com/news/earnings/24/10/41383069/iridiums-q3-revenue-soars-8-fy24-outlook-brightens-as-subscriber-base-expands">previous report</a>. The company&#8217;s stock closed at $28.38 for the day, reflecting a slight decrease of 1.29%.
Other Key Trades:
<ul>
<li>Accolade Inc (ACCD): Sold 80,788 shares by ARKG.</li>
<li>L3Harris Technologies Inc (LH): Bought 32,680 shares by ARKQ.</li>
<li>Nu Holdings Ltd (LU): Sold 100 shares via ARKW.</li>
</ul>
Image via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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Cathie Wood's Ark Invest Dumps Lockheed Martin Shares, Swoops Up Stock Of This Satellite Phone Provider

Blynk, the leading Low-Code IoT SaaS platform, has partnered with Iridium Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>), a leading provider of global voice and data satellite communications, in support of the new <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4324115-1&amp;h=1873876177&amp;u=https%3A%2F%2Fwww.iridium.com%2Fproducts%2Fcertus-9704-satellite-iot-developer-kit%2F&amp;a=Iridium+Certus%E2%84%A2+9704+Development+Kit">Iridium Certus&#x2122; 9704 Development Kit</a>, an end-to-end product evaluation tool for the <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4324115-1&amp;h=1173891138&amp;u=https%3A%2F%2Fwww.iridium.com%2Fproducts%2Fcertus-9704-module%2F&amp;a=Iridium+Certus+9704+module">Iridium Certus 9704 module</a>. This partnership allows engineering teams to jumpstart their projects with Iridium's new hardware using Blynk's powerful IoT platform, creating an ideal environment both for discovery and development of new Iridium satellite-based solutions.
Blynk Selected as Iridium's Software Partner for New Satellite IoT Development Kit, Simplifying Global Connectivity
The Iridium Certus&#x2122; 9704 Development Kit features the cutting-edge Iridium Certus 9704 IoT Transceiver, designed to enable reliable, truly global connectivity, even in the most remote locations. Blynk's comprehensive IoT software suite empowers businesses to create, deploy, and scale satellite-enabled IoT solutions with unmatched ease. Offering a complete, out-of-the-box environment, Blynk supports every stage of IoT deployment—from minimum viable products (MVPs) to enterprise-grade solutions—eliminating the need for migration in-between.
Blynk partnered with Iridium to develop customizable IoT blueprints tailored specifically for the Iridium Certus 9704 Development Kit, enabling engineering teams to accelerate their projects with ready-to-use templates. These blueprints are complete with ready-to-upload firmware, as well as customizable mobile and web dashboards, reducing the time to create, test, and deploy satellite-based IoT solutions.

Iridium Communications Partners With Blynk In Support Of The New Iridium Certus 9704 Development Kit, An End-o-End Product Evaluation Tool For The Iridium Certus 9704 Module

Iridium Launches The Iridium Certus 9704, Its Newest IoT Module, And Iridium Certus 9704 Development Kit

<a href="https://truthsocial.com/@realDonaldTrump/posts/113595378122687080" title="https://truthsocial.com/@realDonaldTrump/posts/113595378122687080">https://truthsocial.com/@realDonaldTrump/posts/113595378122687080</a>

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President-Elect Donald J. Trump Posts On Truth "I am delighted to nominate Jared Isaacman, an accomplished business leader, philanthropist, pilot, and astronaut, as Administrator of the National Aeronautics and Space Administration (NASA)..."

<a href="https://www.semafor.com/article/11/07/2024/commercial-space-exploration-may-be-about-to-get-a-serious-boostv">https://www.semafor.com/article/11/07/2024/commercial-space-exploration-may-be-about-to-get-a-serious-boostv</a>
Among the industries set to gain most from the reelection of Donald Trump as US president, commercial space may be on the cusp of a new era of innovation.
In his first term, Trump made "<a href="https://spacepolicyonline.com/news/what-will-a-second-trump-term-mean-for-space-policy/">pretty dramatic</a>" space policy moves: He created the US Armed Forces' Space Force; he reestablished Space Command to take charge of military operations in space; and he helped kickstart NASA's program to return humans to the Moon.
&nbsp;
His second term could go further: One of Trump's biggest donors and supporters this cycle has been Elon Musk —&nbsp;his rocket company SpaceX already has multibillion-dollar contracts with NASA and other federal agencies, and could feasibly win far more over the next four years.
And, if Trump's <a href="https://www.semafor.com/newsletter/11/06/2024/semafor-tech-its-elon-musks-world">pledge to let Musk</a> cut costs out of the government comes to pass, Musk could erode some of the regulatory procedures that he argues are holding up SpaceX's development of a rocket to take humans and cargo to Mars.
Jeff Bezos' Blue Origin, one of SpaceX's top rivals for NASA contracts, could also stand to gain. Company executives reportedly met with Trump just before Bezos' paper The Washington Post <a href="https://www.semafor.com/article/10/27/2024/rivals-scramble-to-react-to-washington-post-endorsement-crisis">canceled a planned endorsement</a> of Kamala Harris. After Trump won, Bezos <a href="https://x.com/JeffBezos/status/1854184441511571765">congratulated</a> the Republican on his victory, while the head of Blue Origin hailed his reelection as "<a href="https://x.com/davill/status/1854187755267555432">exciting times for space exploration</a>."

'Private Space Exploration May Be About To Get A Serious Boost' - Semafor

<a href="https://spacenews.com/pentagons-commercial-satellite-internet-services-program-soars-to-13-billion/">https://spacenews.com/pentagons-commercial-satellite-internet-services-program-soars-to-13-billion/</a>
The Defense Department is increasing its projected spending on low Earth orbit (LEO) satellite internet services more than tenfold, responding to surging demand from across the military, SpaceNews has learned.
The military&#39;s Proliferated Low Earth Orbit (PLEO) Satellite-Based Services program, launched just last year with a $900 million ceiling, has been expanded to $13 billion by the Defense Information Systems Agency (DISA) and the Space Systems Command, a spokesperson confirmed.&nbsp;
The dramatic jump in funding underscores how vital high-speed satellite internet has become for military operations, as all branches clamor for the capabilities provided by services like SpaceX&#39;s Starlink. The PLEO contract also is being expanded in anticipation of Amazon&#39;s Project Kuiper entering the LEO internet market in the coming years.
The PLEO program is an Indefinite Delivery Indefinite Quantity (IDIQ) contract managed by DISA and the Space Systems Command&#39;s Commercial Satellite Communications Office. The program so far selected 20 vendors to compete for specific task orders over a five-year base period with an option for an additional five years.&nbsp;
Before this increase, the PLEO contract <a href="https://spacenews.com/space-force-to-increase-spending-on-low-earth-orbit-satellite-services/">had already spent about $660 million </a>of its original $900 million ceiling. Most of the orders have been for Starshield, the militarized version of the Starlink service.

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'DoD Is Raising Its Proliferated Low Earth Orbit Satellite-Based Services Program From An Initial $900M Ceiling To A Projected $13B' - SpaceNews

U.S. Senator Jerry Moran Urges FAA To Speed Up Rocket Launch Licensing Process, 'Troubled' By 'Regulatory Inefficiency,'

Eutelsat America Corp. and <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4284679-1&amp;h=39428743&amp;u=https%3A%2F%2Fonewebtechnologies.net%2F&amp;a=OneWeb+Technologies+Inc">OneWeb Technologies Inc</a> (EACOWT), operating in combination as a wholly owned independent U.S. proxy company and subsidiary of Eutelsat Group, today announced a partnership agreement with <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4284679-1&amp;h=3366921969&amp;u=https%3A%2F%2Fwww.iridium.com%2F&amp;a=Iridium+Communications+Inc.">Iridium Communications Inc.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>), a leading provider of global voice and data satellite communications, to provide Iridium Certus&#xAE; and Iridium&#xAE; Satellite Time and Location (STL&#xAE;) services to U.S. government customers.

Eutelsat America And Oneweb Technologies Announces A Partnership Agreement With Iridium Communications To Provide Iridium Certus And Iridium Satellite Time And Location Services To U.S. Government Customers

Iridium Comms's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NYSE">IRDM</a>) short percent of float has fallen 3.66% since its last report. The company recently reported that it has 6.21 million shares sold short, which is 6.06% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.02 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Iridium Comms Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729602917_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Iridium Comms has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Iridium Comms's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Iridium Comms's peer group average for short interest as a percentage of float is 6.63%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Iridium Comms's Recent Short Interest

BWS Financial analyst Hamed Khorsand maintains Iridium Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) with a Neutral and maintains $30 price target.

Price Target

Analyst Ratings

BWS Financial Maintains Neutral on Iridium Comms, Maintains $30 Price Target

U.S. stocks traded higher toward the end of trading, with the S&amp;P 500 recording gains on Thursday.
The Dow traded up 0.24% to 43,179.49 while the NASDAQ rose 0.24% to 18,411.77. The S&amp;P 500 also rose, gaining, 0.08% to 5,847.03.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41377157/top-3-risk-off-stocks-which-could-rescue-your-portfolio-this-quarter">Top 3 Risk Off Stocks Which Could Rescue Your Portfolio This Quarter</a>
Leading and Lagging Sectors Information technology shares jumped by 0.8% on Thursday.
In trading on Thursday, communication services shares fell by 0.7%.
Top Headline
U.S. crude oil inventories declined by 2.192 million barrels in the week ended Oct. 11, versus estimates of a 2.3 million gain, the EIA said.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Gevo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) shares shot up 18% to $2.6650 after the company announced it secured a DOE conditional commitment loan of $1.46 billion for its net-zero 1 sustainable aviation fuel plant in South Dakota.</li>
<li>Shares of Nixxy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIXX#NASDAQ">NIXX</a>) got a boost, surging 52% to $3.6010 after the company provided updates on the business including its acquisition strategy in traditional markets and enhancing operations through technology and data analytics.</li>
<li>Iridium Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) shares were also up, gaining 12% to $33.97 after the company reported better-than-expected third-quarter revenue results and raised its FY24 OEBITDA guidance.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Proficient Auto Logistics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) shares dropped 28% to $10.10 after the company announced it expects its third-quarter net income to be significantly degraded due to a reduced level of revenue and resulting loss of operating leverage. Also, the company said it expects that the Longshoremen strike could have negatively impacted unit volumes during the fourth quarter and beyond.</li>
<li>Shares of Cerus Corporation. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERS#NASDAQ">CERS</a>) were down 18% to $1.4750 after the company provided updates on its INTERCEPT red blood cell programs in the US and Europe.</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) was down, falling 16% to $2.75 after the company announced the pricing of an offering and corresponding investment from an affiliate of the Public Investment Fund (PIF).</li>
</ul>
Commodities In commodity news, oil traded down 0.3% to $70.19 while gold traded up 0.7% at $2,709.00.
Silver traded down 0.5% to $31.83 on Thursday, while copper fell 0.9% to $4.3270.
Euro zone
European shares closed mostly higher today. The eurozone's STOXX 600 gained 0.83%, Germany's DAX rose 0.77% and France's CAC 40 climbed 1.22%. Spain's IBEX 35 Index fell 0.77%, while London's FTSE 100 gained 0.67%.
The European Central Bank cut its three key interest rates by 25 bps in October. Annual inflation rate in the Eurozone fell to 1.7% in September versus initial estimates of 1.8% and compared to 2.2% in August.
Asia Pacific Markets
Asian markets closed lower on Thursday, with Japan's Nikkei 225 falling 0.69%, Hong Kong's Hang Seng Index falling 1.02%, China's Shanghai Composite Index dipping 1.05% and India's BSE Sensex falling 0.61%.
Economics
<ul>
<li>Industrial production in the U.S. declined 0.3% from a month ago in September.</li>
<li>U.S. initial jobless claims fell by 19,000 in the week ending Oct. 12.</li>
<li>The Philadelphia Fed Manufacturing Index climbed to 10.3 in October compared to 1.7 in September and topping market estimates of 3.</li>
<li>U.S. retail sales rose 0.4% month-over-month in September compared to a 0.1% increase in August and higher than market estimates of a 0.3% rise.</li>
<li>Total business inventories increased by 0.3% month-over-month in August.</li>
<li>The NAHB/Wells Fargo Housing Market Index climbed to 43 in October from 41 in the prior month.</li>
<li>U.S. natural-gas stocks increased 76 billion cubic feet during the week ended Oct. 11, compared to market estimates of a 78 billion cubic feet gain.</li>
<li>U.S. crude oil inventories declined by 2.192 million barrels in the week ended Oct. 11, versus estimates of a 2.3 million gain, the EIA said.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41377581/wall-streets-most-accurate-analysts-give-their-take-on-3-energy-stocks-delivering-high-dividend-yiel"> Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields</a></li>
</ul>

Eurozone

Commodities

Intraday Update

CERS

GEVO

LCID

NIXX

S&P 5000 Edges Higher; US Crude Oil Inventories Fall

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 0.5% on Thursday.
The Dow traded up 0.28% to 43,199.12 while the NASDAQ rose 0.53% to 18,464.23. The S&amp;P 500 also rose, gaining, 0.30% to 5,860.00.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41377157/top-3-risk-off-stocks-which-could-rescue-your-portfolio-this-quarter">Top 3 Risk Off Stocks Which Could Rescue Your Portfolio This Quarter</a>
Leading and Lagging Sectors Information technology shares jumped by 1.1% on Thursday.
In trading on Thursday, real estate shares fell by 0.6%.
Top Headline
U.S. retail sales rose 0.4% month-over-month in September compared to a 0.1% increase in August and higher than market estimates of a 0.3% rise.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Gevo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) shares shot up 18% to $2.6450 after the company announced it secured a DOE conditional commitment loan of $1.46 billion for its net-zero 1 sustainable aviation fuel plant in South Dakota.</li>
<li>Shares of Nixxy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIXX#NASDAQ">NIXX</a>) got a boost, surging 116% to $5.12 after the company provided updates on the business including its acquisition strategy in traditional markets and enhancing operations through technology and data analytics.</li>
<li>Iridium Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) shares were also up, gaining 16% to $35.11 after the company reported better-than-expected third-quarter revenue results and raised its FY24 OEBITDA guidance.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Proficient Auto Logistics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) shares dropped 23% to $10.68 after the company announced it expects its third-quarter net income to be significantly degraded due to a reduced level of revenue and resulting loss of operating leverage. Also, the company said it expects that the Longshoremen strike could have negatively impacted unit volumes during the fourth quarter and beyond.</li>
<li>Shares of Cerus Corporation. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERS#NASDAQ">CERS</a>) were down 20% to $1.4486 after the company provided updates on its INTERCEPT red blood cell programs in the US and Europe.</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) was down, falling 15% to $2.7950 after the company announced the pricing of an offering and corresponding investment from an affiliate of the Public Investment Fund (PIF).</li>
</ul>
Commodities In commodity news, oil traded up 0.5% to $70.76 while gold traded up 0.6% at $2,706.20.
Silver traded down 0.2% to $31.91 on Thursday, while copper fell 0.6% to $4.3435.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.8%, Germany's DAX rose 0.60% and France's CAC 40 climbed 1.23%. Spain's IBEX 35 Index fell 0.6%, while London's FTSE 100 gained 0.56%.
The European Central Bank cut its three key interest rates by 25 bps in October. Annual inflation rate in the Eurozone fell to 1.7% in September versus initial estimates of 1.8% and compared to 2.2% in August.
Asia Pacific Markets
Asian markets closed lower on Thursday, with Japan's Nikkei 225 falling 0.69%, Hong Kong's Hang Seng Index falling 1.02%, China's Shanghai Composite Index dipping 1.05% and India's BSE Sensex falling 0.61%.
Economics
<ul>
<li>Industrial production in the U.S. declined 0.3% from a month ago in September.</li>
<li>U.S. initial jobless claims fell by 19,000 in the week ending Oct. 12.</li>
<li>The Philadelphia Fed Manufacturing Index climbed to 10.3 in October compared to 1.7 in September and topping market estimates of 3.</li>
<li>U.S. retail sales rose 0.4% month-over-month in September compared to a 0.1% increase in August and higher than market estimates of a 0.3% rise.</li>
<li>Total business inventories increased by 0.3% month-over-month in August.</li>
<li>The NAHB/Wells Fargo Housing Market Index climbed to 43 in October from 41 in the prior month.</li>
<li>U.S. natural-gas stocks increased 76 billion cubic feet during the week ended Oct. 11, compared to market estimates of a 78 billion cubic feet gain.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41377581/wall-streets-most-accurate-analysts-give-their-take-on-3-energy-stocks-delivering-high-dividend-yiel"> Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields</a></li>
</ul>

Crude Oil Edges Higher; US Retail Sales Top Expectations

Investors with a lot of money to spend have taken a bearish stance on Iridium Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with IRDM, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 12 uncommon options trades for Iridium Comms.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 50%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $148,149, and 9 are calls, for a total amount of $617,510.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.0 to $40.0 for Iridium Comms during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Iridium Comms's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Iridium Comms's substantial trades, within a strike price spectrum from $25.0 to $40.0 over the preceding 30 days.
<h3>Iridium Comms Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729176435_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>IRDM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$9.9</td>
<td>$9.0</td>
<td>$9.3</td>
<td>$25.00</td>
<td>$186.9K</td>
<td>259</td>
<td style="text-align: right;">207</td>
</tr>
<tr>
<td>IRDM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$2.05</td>
<td>$2.0</td>
<td>$2.0</td>
<td>$35.00</td>
<td>$100.0K</td>
<td>1.1K</td>
<td style="text-align: right;">746</td>
</tr>
<tr>
<td>IRDM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$7.6</td>
<td>$5.9</td>
<td>$5.9</td>
<td>$30.00</td>
<td>$82.6K</td>
<td>387</td>
<td style="text-align: right;">150</td>
</tr>
<tr>
<td>IRDM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.1</td>
<td>$3.0</td>
<td>$3.0</td>
<td>$35.00</td>
<td>$82.2K</td>
<td>2</td>
<td style="text-align: right;">274</td>
</tr>
<tr>
<td>IRDM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$2.6</td>
<td>$2.3</td>
<td>$2.3</td>
<td>$40.00</td>
<td>$58.8K</td>
<td>1.5K</td>
<td style="text-align: right;">266</td>
</tr>
</tbody>
</table>

<h3>About Iridium Comms</h3>
Iridium Communications Inc offers voice and data communications services and products to businesses, U.S. and international government agencies, and other customers on a global basis. The company is a provider of mobile voice and data communications services through a constellation of low earth-orbiting satellites. Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies around the world. The Company operates in one business segment, providing global satellite communications services and products.
Following our analysis of the options activities associated with Iridium Comms, we pivot to a closer look at the company's own performance.
<h3>Current Position of Iridium Comms</h3>
<ul>
<li>Trading volume stands at 1,475,970, with IRDM's price up by 15.45%, positioned at $34.87.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 0 days.</li>
</ul>
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Iridium Comms options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

What the Options Market Tells Us About Iridium Comms

U.S. stocks were higher, with the Dow Jones index gaining around 100 points on Thursday.
Shares of The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) rose sharply during Thursday's session after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/10/41379650/travelers-q3-triumph-strong-premium-growth-and-underwriting-gains-propel-massive-earnings-beat">third-quarter results</a>.
The Travelers Companies reported third-quarter revenue growth of 12% year-over-year to $11.904 billion, beating the consensus of $11.491 billion. Core income per share jumped 169% to $5.24, beating the $3.64 consensus estimate.
Travelers gained 6.9% to $259.63 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Gevo, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) gained 27.6% to $2.87 after the company announced it secured a DOE conditional commitment loan of $1.46 billion for its net-zero 1 sustainable aviation fuel plant in South Dakota.</li>
<li>Iridium Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) gained 16.2% to $35.09 after the company reported better-than-expected third-quarter revenue results and raised its FY24 OEBITDA guidance.</li>
<li>XCHG Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCH#NASDAQ">XCH</a>) climbed 15.2% to $19.60.</li>
<li>Centrus Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEU#NYSE">LEU</a>) gained 14.7% to $88.74.</li>
<li>SelectQuote, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) shares gained 14.6% to $2.58 after the company announced it completed the first phase of recapitalization with $100 million securitization transaction.</li>
<li>Taiwan Semiconductor Manufacturing Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) gained 12.6% to $211.14 following a third-quarter earnings beat and strong fourth-quarter guidance.</li>
<li>Amicus Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOLD#NASDAQ">FOLD</a>) gained 11.1% to $11.67 after the company announced it entered into a license agreement with Teva and resolved its Galafold patent litigation.</li>
<li>Webster Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) climbed 8.5% to $52.76 following third-quarter results.</li>
<li>Cohen &amp; Steers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) gained 7.7% to $109.00 after UBS upgraded the stock from Sell to Neutral and raised its price target from $63 to $102.</li>
<li>Uranium Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UEC#NYSE">UEC</a>) gained 7.3% to $8.54. Uranium Energy increased licensed production capacity to 4 million pounds of U3O8 PER YEAR AT the Irigaray Processing Plant.</li>
<li>Snap-on Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) climbed 7.2% to $319.43 after the company reported better-than-expected third-quarter adjusted EPS results.</li>
<li>GrafTech International Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NYSE">EAF</a>) gained 7% to $1.6900.</li>
<li>Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) climbed 4.6% to $157.78 following a report suggesting Uber explored a takeover bid for the company.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/24/10/41377581/wall-streets-most-accurate-analysts-give-their-take-on-3-energy-stocks-delivering-high-dividend-yiel">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields</a></li>
</ul>

EXPE

FOLD

SLQT

Travelers Posts Upbeat Results, Joins Iridium Communications, Snap-on And Other Big Stocks Moving Higher On Thursday

Press Releases

Iridium to Collaborate with Nordic Semiconductor on Iridium NTN Direct integration

Space Development Agency Award Continues Iridium's Commercial Innovation Delivery Strategy for Government

Iridium Announces Record Third-Quarter 2024 Results; Improves 2024 OEBITDA Outlook

Eutelsat America Corp. and OneWeb Technologies to offer Iridium Certus and STL® Services to the U.S. Government

Global Maritime Safety Enters New Era with the Launch of Iridium Certus GMDSS

Iridium Transforms Satellite IoT with the Launch of Revolutionary Iridium Certus 9704 Module

Blynk Selected by Iridium as Pre-Integrated Software Solution for their New Satellite IoT Development Kit

Iridium to Participate at 27th Annual Needham Growth Conference

Iridium Announces Release Date for Fourth-Quarter and Full Year 2024 Financial Results

Iridium Announces 2024 Results, Issues 2025 Outlook

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