Iridium Communications is a provider of communications services. Co. provides voice and data communications services to businesses, the U.S. and foreign governments, non-governmental organizations and consumers via its satellite network. Co.'s commercial services include: postpaid mobile voice and data satellite communications services, Iridium push-to-talk service, and Internet of Things (IoT) services. Co. provides U.S. government customers bulk access to its services, including voice, netted voice, data, messaging and paging services, and maintenance services for the U.S. government's gateway. Co.'s products include: Satellite Handsets and Iridium GO!, and broadband data devices. We show 52 historical shares outstanding datapoints in our IRDM shares outstanding history coverage, used to compute IRDM market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing IRDM market cap history over the course of time is important for investors
interested in comparing IRDM's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of IRDM versus a peer is one thing; comparing
IRDM market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like IRDM can fluctuate over the course of history.
With this page we aim to empower investors researching IRDM by allowing them to research the IRDM market cap history. |
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Video: The Importance of Market Cap
