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March 24, 2014
12:46 EDTIRDMIridium's Aireon opportunity underappreciated, says Raymond James
Aireon is Iridium's global air traffic control system that will begin launching in 2015 through a series of low Earth orbit satellites. Raymond James said the Malaysian Airlines tragedy highlights the shortcomings of the current global air traffic control system and Airon is not fairly reflected in Iridium's stock price. The analyst expects shares to react favorably in the coming weeks and months as investors appreciates the opportunity and the FAA joins other Air Navigation Service Providers that have already signed contracts with the company. Shares are Outperform rated.
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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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