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Timothy Kelly Horan

Managing Director and Senior Analyst at Oppenheimer & Co. Inc.

Timothy Kelly Horan is a Managing Director and Senior Analyst at Oppenheimer & Co. Inc., specializing in cloud and communication services within the technology sector. He covers a broad range of leading communications and cloud companies, with a consistent top performance track record, maintaining a success rate of approximately 65% and an average return of nearly 14% on his stock recommendations. Horan began covering the sector in 1994 and joined Oppenheimer in 1998 after prior roles at Smith Barney and a stint as a civil engineer, and he has received prestigious awards such as the Greenwich Associates Institutional Survey and Wall Street Journal All Star Analyst. He holds FINRA credentials, is a CFA charterholder, and earned a BS in Civil Engineering from Rutgers University and an MBA in Finance from Columbia Business School.

Timothy Kelly Horan's questions to Iridium Communications (IRDM) leadership

Question · Q3 2025

Timothy Kelly Horan asked about the global coverage of EchoStar's spectrum, the opportunity and revenue targets for NTN, and expectations for revenue growth in the next few years given the withdrawal of long-term guidance.

Answer

CEO Matthew J. Desch explained that spectrum coverage is complex, with Iridium having priority in many countries. He noted that EchoStar's spectrum is geostationary and requires reallocation, making its global reach uncertain. He expressed bullishness on PNT, despite lumpiness, and mentioned new announcements are coming. He declined to provide specific revenue growth numbers for the next few years, preferring to focus on cash flow projections and deferring detailed guidance to the next call.

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