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IRDM
Mar 16, 2017 15:34:56 GMT -5
Post by Blitz on Mar 16, 2017 15:34:56 GMT -5
IRDM is having a good week... not sure why, but I'll take it!
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IRDM
Jun 14, 2017 15:03:44 GMT -5
Post by Blitz on Jun 14, 2017 15:03:44 GMT -5
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Post by Blitz on Jun 16, 2017 8:33:20 GMT -5
bjspokanimal ... I am a shareholder of IRDM. I started buying in Feb 2015 at $8.75. My last buy was in May 2017 at $9.78. It is risky in the short term due to SpaceX rockets possibly exploding. I also think there will be new and expanding business opportunities for IRDM that have not been possible due to current capacity limitations. The aviation opportunities alone are huge. I am hoping for real time over-ocean flight tracking via IRDM satellites will become mandatory equipment on airliners. Imagine all the money governments have wasted looking for that Malaysian airliner that went missing... all totaled it had to be some figure with nine zeros after it. Global engine monitoring for airliners, remote aircraft tracking and communications, pipeline monitoring, remote machine monitoring, near high-speed internet for jets and ships, expanded military capabilities... to name a few. I like the possibilities. Short term, I would not expect the stock to go above $15. As performance and potential become more widely known that low multiple should climb.
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IRDM
Nov 30, 2017 15:45:28 GMT -5
Post by Blitz on Nov 30, 2017 15:45:28 GMT -5
IRDM at $12.40ish...
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IRDM
Nov 30, 2017 16:03:59 GMT -5
Post by bjspokanimal on Nov 30, 2017 16:03:59 GMT -5
Look'n strong, my friend What popped it on heavy volume on halloween?
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IRDM
Nov 30, 2017 16:14:20 GMT -5
via mobile
Post by Blitz on Nov 30, 2017 16:14:20 GMT -5
Look'n strong, my friend What popped it on heavy volume on halloween? As I recall, they did some sort of investor presentation, but even so it could have been random. Why? Small volume causes exaggerated pops and drops. That said, the next 10 sats going up on SpaceX arrived at Vandenberg. 🤞
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IRDM
May 29, 2018 10:45:16 GMT -5
Post by Blitz on May 29, 2018 10:45:16 GMT -5
IRDM over $13 now. Almost all their new satellites are in place. They just got approved for maritime safety services and are expanding their aviation services. They are the only satellite service with total global coverage. Their service will allow oceanic aviation tracking* as well as broadband internet... slow broadband, but broadband.
*Most people don't know that airliners can only be tracked with radar out to around 200 miles at sea. IRDM's new service could prevent things like that Malaysian 777 disappearance and costly search.
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IRDM
May 30, 2018 10:03:36 GMT -5
Post by Blitz on May 30, 2018 10:03:36 GMT -5
IRDM over $14 now.
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IRDM
Jun 1, 2018 10:08:08 GMT -5
Post by Blitz on Jun 1, 2018 10:08:08 GMT -5
IRDM went over $17 this morning... I hope it holds. Somebody is definitely taking a huge position relative to outstanding shares. The volume has been triple the normal average the last few days.
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IRDM
Jun 15, 2018 11:19:56 GMT -5
Post by Blitz on Jun 15, 2018 11:19:56 GMT -5
I started talking about this a while back with Spok before its current upward trend and I'm just consolidating a few posts as I will keep updating this company's progress which I now think will continue getting better...
IRDM could be a good one too. They have a new high-speed, truly global satellite system being launched by SpaceX at a rate of 10 at a time. The new satellites open a lot of oceanic aviation tracking and communication possibilities, inflight high-speed internet, improved communications and tracking for ocean-going ships, as well as M2M communications. Their military contracts will get upgraded and most likely become more expensive. The military money covers a lot of their bills...
Here's a teaser slideshow: seekingalpha.com/article/4052389-iridium-communications-irdm-presents-raymond-james-38th-annual-institutional-investors
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IRDM
Jun 15, 2018 11:24:23 GMT -5
Post by Blitz on Jun 15, 2018 11:24:23 GMT -5
seekingalpha.com/news/3364291-iridium-sets-july-20-seventh-next-launchIridium sets July 20 for seventh NEXT launch Jun. 15, 2018 10:33 AM ET|About: Iridium Communications Inc (IRDM)|By: Jason Aycock, SA News Editor Iridium (IRDM -0.8%) has announced the date for its seventh NEXT satellite launch. The company and SpaceX are targeting July 20 for the launch from Vandenberg Air Force Base. That mission will launch 10 NEXT satellites to low earth orbit in the second-to-last launch in the $3B program. It will bring the total number of Iridium NEXT satellites in space to 65.
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IRDM
Jul 31, 2018 9:18:59 GMT -5
Post by Blitz on Jul 31, 2018 9:18:59 GMT -5
IRDM just went over one million subscribers. This will continue to expand as their new satellites come online providing high-speed internet to the entire globe. IRDM is the only company with true global coverage. There are now 70 new satellites in space. I would also guess it will soon be a buyout candidate. The stock has recently been over $18... I expect this price to go higher as more good news reaches the market.
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IRDM
Jul 31, 2018 12:38:33 GMT -5
Blitz likes this
Post by bjspokanimal on Jul 31, 2018 12:38:33 GMT -5
Looks like earnings for IRDM came out: _______________________________________________________________________ Iridium Communications (IRDM) Tops Q2 Earnings and Revenue Estimates Zacks Zacks Equity Research ZacksJuly 31, 2018 Vulcan Materials' (VMC) Q2 Earnings Miss Estimates, Up Y/Y Although Vulcan Materials (VMC) misses Q2 earnings expectation, sustained strength in public construction activity leads to higher earnings and revenues year over year. More Iridium Communications (IRDM) just came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to earnings of $0.20 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 133.33%. A quarter ago, it was expected that this satellite phone company would post earnings of $0.04 per share when it actually produced earnings of $0.07, delivering a surprise of 75%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Iridium, which belongs to the Zacks Satellite and Communication industry, posted revenues of $134.93 million for the quarter ended June 2018, surpassing the Zacks Consensus Estimate by 12.04%. This compares to year-ago revenues of $111.60 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Iridium shares have added about 50% since the beginning of the year versus the S&P 500's gain of 4.8%. What's Next for Iridium? While Iridium has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Iridium was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.01 on $124.33 million in revenues for the coming quarter and $0.14 on $487.45 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Satellite and Communication is currently in the bottom 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. finance.yahoo.com/news/iridium-communications-irdm-tops-q2-131501482.html
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IRDM
Jul 31, 2018 12:49:57 GMT -5
via mobile
Post by Blitz on Jul 31, 2018 12:49:57 GMT -5
When the new satellites 🛰 are all integrated in Iridium’s network which should be later this year their network speed will increase. As that happens and the NEXT program gets going I can see their their subscribers climbing to 2M late next year.
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IRDM
Jul 31, 2018 12:58:39 GMT -5
Blitz likes this
Post by redoctober on Jul 31, 2018 12:58:39 GMT -5
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IRDM
Aug 6, 2018 15:33:33 GMT -5
Post by Blitz on Aug 6, 2018 15:33:33 GMT -5
IRDM $19.75 today!
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IRDM
Aug 21, 2018 9:22:14 GMT -5
Post by Blitz on Aug 21, 2018 9:22:14 GMT -5
IRDM is over $21... I think somebody like Boeing should buy them or maybe Google or maybe Amazon...
One more launch to go that includes in orbit spares and spares built on the ground in case the SpaceX rocket has a major malfunction.
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IRDM
Aug 21, 2018 9:55:20 GMT -5
Blitz likes this
Post by redoctober on Aug 21, 2018 9:55:20 GMT -5
Thanks for the tip. I'm only up 14% so far.
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IRDM
Oct 1, 2018 9:11:38 GMT -5
Post by redoctober on Oct 1, 2018 9:11:38 GMT -5
$24 open today. It's helping to ease the pain of LVS.
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IRDM
Oct 1, 2018 9:18:34 GMT -5
Post by Blitz on Oct 1, 2018 9:18:34 GMT -5
It's up on collaboration news with Amazon web services news...
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IRDM
Oct 1, 2018 9:22:37 GMT -5
Post by Blitz on Oct 1, 2018 9:22:37 GMT -5
Note the paragraph I highlighted... it's a big unserved/underserved market! www.fiercewireless.com/wireless/iridium-tees-up-aws-relationship-to-expand-iot-offeringsIridium tees up AWS relationship to expand IoT offerings by Monica Alleven | Sep 28, 2018 Iridium Communications has joined the Amazon Web Services (AWS) Partner Network (APN) and is collaborating with AWS on the development of Iridium CloudConnect, which it describes as the first and only satellite cloud-based solution that offers truly global coverage for IoT applications. Of course, Iridium has been providing IoT services for the last 10 years or so, and IoT represents a big growth segment for the company. The difference now is the Iridium network is joining with the AWS partner cloud, such that any Amazon customer or any Iridium customer will be able to get the benefit of both, straight out of the box. “This really moves our core services into what is today, sort of the de facto way of delivering IoT solutions, which is cloud-based,” said Tim Last, vice president and general manager of IoT at Iridium, in an interview with FierceWirelessTech. Iridium’s plan is to spend the next six or seven months finishing the development of the service, with plans to launch in the first half of next year. The company, which uses L-Band spectrum, is currently in the home stretch of an ambitious $3 billion effort to replace its entire original satellite constellation with new satellites, known as Iridium Next. So far, seven launches have taken place with launch provider SpaceX, delivering 65 new satellites to Low Earth Orbit (LEO), with the final launch of 10 satellites planned for later this year. Once completed, a total of 75 Iridium Next satellites will be delivered to space, with 66 in the active constellation and nine serving as spares. Iridium’s satellites can be used to fill in terrestrial IoT coverage; AT&T is using them through a deal that’s arranged through Globecomm. But Iridium isn’t trying to compete with terrestrial cellular, Last said. Rather, its niche is being able to deliver IoT for the 80% of the globe that doesn’t have cellular coverage: maritime, aviation and so on.It’s also not trying to say it’s cost-competitive with cellular. Whereas cellular’s average IoT ARPU might be in the low single digits, Iridium garners something like $12 or $13 ARPU for its core IoT service. While that is coming down, “it’s also a premium that we drive a lot of value from,” Last said. “We seek out applications where they can sustain that kind of growth.” The ultimate cost depends on the applications and service. Iridium focuses on mainly critical communications—safety of life, large industrial IoT applications and the like. It adds value when terrestrial coverage goes down, for example. A lot of applications Iridium serves—maybe 40-50%—are complementary to cellular, Last said. “We’ve clearly got to be cost competitive for those companies that want satellite coverage,” he said. “If you say, ‘are we competitive with the cheapest cellular SIM-based IoT service?’ I would say no, we’re not competitive in that way, but that’s because we’re providing connectivity where those guys can’t.” One thing is clear: In this world of global coverage, with a variety of networks and fast pace of technological change, “people need options and complementary communications solutions,” he said. “It’s great that we can see all this investment in cellular and the pace of change, but 2G, 3G, 4G LTE, 5G… The pace of technological change is changing so much and so fast it’s difficult for some of our industrial customers to pick the right technology and know that it’s going to be around.” Last said he has customers that need to put a solution in the field and want it to be operable for 10, 15, 20 years—that’s how they’re going to get their return on investment. “In many cases, they can’t rely on cellular technology to do that,” he said, noting how 2G networks are being decommissioned in the U.S. Iridium, which has about 630,000 active devices out in the market as of the end of June, said its IoT subscribers have grown at a CAGR of about 19% over the last three years. But Iridium recognizes it doesn’t reach everywhere, so it’s working with a number of companies that can offer complementary communications. “We are looking to expand and partner with a number of other companies that can complement the solutions that we have on our network,” he said, one of which was announced last year with a company called Hiber of The Netherlands. It’s launching a bunch of small satellites to deliver IoT. “We’ll partner with them to bring those services to our customers,” he said.
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IRDM
Oct 3, 2018 10:20:53 GMT -5
Post by Blitz on Oct 3, 2018 10:20:53 GMT -5
seekingalpha.com/article/4209507-amazon-creating-global-cloud-service-iridiumSome good pictures that show internet access across the globe and how sparse it is. Also, I suspect this Amazon deal is just the first of many that will come IRDM's way. The aviation tracking over ocean routes for safety and expanded air traffic control could be huge as well as internet services for passengers and tracking of the aircraft's systems via automatic reporting.
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IRDM
Mar 15, 2019 14:26:50 GMT -5
Post by redoctober on Mar 15, 2019 14:26:50 GMT -5
Bump
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IRDM
Mar 16, 2019 9:37:12 GMT -5
Post by Blitz on Mar 16, 2019 9:37:12 GMT -5
I have no idea why IRDM went up so much yesterday but I'll take it... $25 baby!
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IRDM
Mar 16, 2019 11:22:41 GMT -5
Post by Blitz on Mar 16, 2019 11:22:41 GMT -5
www.cnbc.com/2019/03/14/iridium-aireon-satellites-gave-faa-key-data-in-737-max-investigation.htmlNext-generation satellites gave federal officials key data in Boeing 737 Max investigation PUBLISHED THU, MAR 14 2019 • 3:01 PM EDT | KEY POINTS A system on board Iridium Communications’ new satellite network is helping deliver critical data to aviation officials. The FAA grounds Boeing’s 737 Max airplanes after receiving data from Aireon about the deadly crash of Ethiopian Airlines Flight 302. SpaceX has launched each of Iridium’s 75 satellites over the course of eight missions in two years. Only a few months after SpaceX launched the last set of Iridium Communications satellites into orbit, the new network is helping deliver critical data to aviation officials. The Federal Aviation Administration, or FAA, grounded Boeing’s 737 Max airplanes on Wednesday, after receiving data from air traffic surveillance company Aireon about the deadly crash of Ethiopian Airlines Flight 302. Aireon’s system piggybacks on Iridium’s network of 75 satellites. Expected to become fully operational in a few weeks, Aireon can track airplanes anywhere on the planet. But the company’s data is already proving to be critical, as Aireon said in a statement to CNBC that “the system was able to capture information associated with Flight 302.” While Aireon declined to make company officials available for an interview while the investigation is ongoing, the company said it is working with federal officials to provide them with raw data. Even though the Aireon system has not been fully rolled out, the company is able to provide investigators with information about an aircraft’s location, velocity, altitude and more. “Our sympathies go out to the families of the passengers and crew of Ethiopian Airlines Flight 302,” Aireon said in a statement. Aireon gave “the data transmitted from Flight 302″ to support the investigations of the FAA and several other aviation authorities, the company said. Even after dozens of countries grounded Boeing’s 737 Max, the FAA did not. It was only until “actionable data” arrived from Aireon that the FAA made the decision, acting Administrator Daniel Elwell told CNBC. “We cannot comment on the cause of the tragedy or the outcome of the investigation, only that we have provided the data,” Aireon clarified in its statement. Aireon, an aviation game changer The Iridium NEXT constellation of satellites sits in low Earth orbit. While Iridium’s network is focused on communications, Aireon leases space on the satellites for its tracking technology. Known as an Automatic Dependent Surveillance-Broadcast system, or ADS-B, Aireon’s technology in space constantly and passively receives information from any aircraft equipped with an ADS-B transponder – essentially an antenna on a plane that is sending flight data to space. What many airline passengers may not know is that airplanes are not constantly tracked by radar. While flying over land, airplanes keep in touch with air traffic controllers to relay information about the flight. But once a jet heads more than 100 to 150 miles offshore, it enters procedural airspace. At that point, air traffic controllers must rely on a pilot to relay an aircraft’s position every 10 minutes. Iridium CEO Matt Desch explained to CNBC a year ago that Aireon’s system means that “airlines can fly more direct routes, which could reduce both the cost and time of air travel,” he said. “Aireon makes the whole planet visible to air traffic controllers,” Desch said. “They are already helping the air traveling public,” Desch said in a tweet on Thursday after the FAA grounded Boeing’s 737 Max planes. Iridium shares are soaring After about $3 billion in investment, Iridium’s new network is finished. SpaceX launched each of Iridium’s 75 satellites over the course of eight missions in two years. Once fully operational, Iridium NEXT will offer high-speed broadband communications for “Internet of Things” applications and more. Additionally, Desch’s company is partnered with Amazon Web Services, so the e-commerce giant “can extend their applications to the satellite realm, ” he said. Billionaire investor Ron Baron told CNBC’s Squawk Box that the importance of Aireon’s data to the FAA is just one example of why Iridium’s constellation is going to prove incredibly valuable. Baron, whose fund is also an investor in SpaceX, bought Iridium shares at about a quarter the price they are today. While Iridium’s stock is near all-time highs at about $24 a share now, Baron’s fund bought 10 percent of Iridium at $6.75 a share. Baron now believes that Iridium’s stock is going to double over the next four to five years. “For three years after we bought it, while they were making and launching satellites, the stock was unchanged,” Baron said. “Now all of a sudden they’re going to generate revenues.”
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