Iridium Communications (IRDM) in Focus: Stock Tumbles 5.1% - Tale of the Tape

Iridium Communications Inc. IRDM saw a big move last session, as the company's shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $6.65–$7.63 in the past one-month time frame, showed a sharp decline yesterday at $7.24.

This slump shouldn't be too much of a surprise to investors, as Iridium Communications has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

IRDM currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the same sector include DigitalGlobe, Inc. DGI, Eutelsat Communications Soci (EUTLF) and Constant Contact, Inc. CTCT. All these stocks hold a Zacks Rank #2 (Buy).

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IRIDIUM COMMUN IRDM: Free Stock Analysis Report

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