Highlights From Iridium Communications’ Q2 2017 Report
Global telecommunications company Iridium Communications (NASDAQ: IRDM) turned in another solid business report card for the second quarter of 2017, but Wall Street has reacted negatively thus far. Here's what's up.
Iridium posted revenue of $111.6 million and earnings per share of $0.20 during the quarter that ended in June. That's an increase of 2.2% for the top line but a decrease of 9.1% on the bottom line. While both numbers keep the company on track to meet 2017 guidance, investors perhaps wanted stronger numbers to justify what was a better-than-20% one-year run in the stock price prior to the report.
Source: Fool.com
Iridium Communications Stock
€27.55
-0.360%
With 9 Buy predictions and not the single Sell prediction the community is currently very high on Iridium Communications.
With a target price of 49 € there is a hugely positive potential of 77.86% for Iridium Communications compared to the current price of 27.55 €.
