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Stock Market & Financial Investment News

News Breaks
December 3, 2012
08:53 EDTIRDMBeam Communications, Iridium announce strategic product development initiative
World Reach Limited announced that its wholly owned subsidiary, Beam Communications, has entered into a strategic product development initiative with Iridium. The agreement signed by the two companies defines a new product development initiative for which Beam Communications will be the Primary Contractor and Original Equipment Manufacturer of the end customer solution. The initial order commitment for the new product will produce incremental sales revenues exceeding AU$3M in the first 12 months of commercial sale. The prospective launch of the product will be in the second half of 2013.
News For IRDM From The Last 14 Days
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August 1, 2014
10:00 EDTIRDMOn The Fly: Analyst Upgrade Summary
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06:16 EDTIRDMIridium upgraded to Buy from Fair Value at CRT Capital
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July 31, 2014
07:41 EDTIRDMIridium affirms long-range outlook
Iridium affirmed its long-range outlook for compound annual service revenue growth, OEBITDA margin, cash taxes, peak net leverage and 2018 net leverage. The company continues to expect: Compound annual service revenue growth between 8 %-12% between 2014 and 2018; OEBITDA margin of approximately 60% in 2018; Negligible cash taxes from 2014 to approximately 2020 Peak net leverage of approximately 6.5x OEBITDA in 2015; Net leverage of approximately 4x OEBITDA in 2018.
07:39 EDTIRDMIridium affirms FY14 revenue guidance of up 2%-4%
Affirms FY14 OEBITDA view of $205M-$215M.
07:38 EDTIRDMIridium reports Q2 EPS 14c, consensus 18c
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