Iridium Communications Holds Annual Meeting, Approves Key Proposals

Iridium Communications ( (IRDM) ) just unveiled an update.

At the Annual Meeting held virtually on May 14, 2025, Iridium Communications‘ stockholders approved several key proposals, including the election of ten directors for one-year terms, the compensation of executive officers, and the ratification of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Additionally, the stockholders approved an amendment to the company’s certificate of incorporation to limit the liability of certain officers and the amended and restated 2015 Equity Incentive Plan. The Board of Directors also declared a cash dividend of $0.14 per share, payable on June 30, 2025, to stockholders of record as of June 13, 2025.

The most recent analyst rating on (IRDM) stock is a Buy with a $38.00 price target. To see the full list of analyst forecasts on Iridium Communications stock, see the IRDM Stock Forecast page.

Spark’s Take on IRDM Stock

According to Spark, TipRanks’ AI Analyst, IRDM is a Outperform.

Iridium Communications’ strong financial performance and prudent cash flow management are significant strengths, supporting a solid financial foundation. The bearish technical indicators suggest caution in the short term. Valuation appears reasonable, with a fair P/E ratio and a solid dividend yield. The earnings call reflects a balanced outlook, with strategic adjustments in place to manage external challenges. Overall, the company’s robust financial health and strategic positioning within the telecommunications industry contribute to a favorable stock score.

To see Spark’s full report on IRDM stock, click here.

More about Iridium Communications

Average Trading Volume: 1,453,234

Technical Sentiment Signal: Sell

Current Market Cap: $2.92B

See more insights into IRDM stock on TipRanks’ Stock Analysis page.