Date | Price Target | Rating | Analyst |
---|---|---|---|
8/4/2023 | $7.79 | Outperform | Imperial Capital |
5/3/2023 | $1.75 → $0.97 | Underweight → Equal-Weight | Morgan Stanley |
10/31/2022 | $5.00 | Buy | Craig Hallum |
Globalstar, Inc. (NYSE:GSAT) today announced its financial results for the second quarter ended June 30, 2024. "Globalstar reported record revenue during the second quarter, driven primarily by growth in wholesale capacity services and other recent business initiatives. The high-margin nature of this revenue contributed to a 20% increase in Adjusted EBITDA and an increase in cash on hand to $64 million as of June 30, 2024," commented Rebecca Clary, Chief Financial Officer. Clary continued, "Based on the continued momentum across our key growth categories, we are raising the low end of our revenue guidance to $235 million from $225 million and projected Adjusted EBITDA margin to 53% from 5
Globalstar, Inc. (NYSE:GSAT) will announce its second quarter 2024 financial and operating results on Thursday, August 8, 2024 before the market opens. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Thursday, August 8, 2024 at 9:00 a.m. Eastern Time (ET) to discuss these results. Details are as follows: Earnings Call: The earnings call will be available via webcast from the following link. Webcast Link: https://edge.media-server.com/mmc/p/whk4vk5x To participate in the earnings call via teleconference, participants should register at the following link
Globalstar, Inc. (NYSE:GSAT) today announced its operating and financial results for the first quarter ended March 31, 2024. Rebecca Clary, Chief Financial Officer, commented, "We are pleased with our financial results for the first quarter, which generally exceeded our expectations with total revenue higher on a sequential basis as well as compared to the prior year quarterly average. As previously disclosed, the prior year's first quarter included nonrecurring service revenue, as well as a spike in subscriber equipment sales when inventory was replenished after supply chain disruptions were resolved. Since we anticipated these factors, today we re-iterate our full year 2024 revenue and
AST SpaceMobile, Inc (NASDAQ:ASTS) disclosed in filing for the resale of up to 10.45 million shares by selling stockholders. The satellite designer and manufacturer is also trading higher in sympathy with Apple Inc’s (NASDAQ:AAPL) launch of iOS 18 with satellite messaging during its annual developer event. iPhone 14 and later users can now send messages via satellite, even when cellular connections are unavailable. They can also send emojis with tapback and enjoy text effects like jitter, shake, and bounce. In 2024, Verizon Communications Inc (NYSE:VZ) and AT&T Inc (NYSE:T) collaborated with AST SpaceMobile, Inc (NASDAQ:ASTS) to provide a broadband network directly to cell phones
Globalstar, Inc (NYSE:GSAT) stock is trading higher Tuesday as Apple Inc (NASDAQ:AAPL) showcased iOS 18 with satellite messaging during its annual developer event. Now, iPhone 14 and later users can send messages via satellite, even when cellular connections are unavailable. The iPhone users can also enjoy text effects like jitter, shake, and bounce. Other new iOS 18 updates included a more customizable home screen and new privacy features. In 2022, Apple tapped Globalstar to enable its iPhone 14 and iPhone 14 Pro models to send messages via a satellite outside cellular and Wi-Fi coverage. Verizon Communications Inc (NYSE:VZ) and AT&T Inc (NYSE:T) collaborated with AST SpaceM
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MWC Las Vegas. Globalstar, Inc. (NYSE:GSAT), the next-generation mobile satellite and communications services provider, today announced that Band 53 spectrum will be used to enable high-value and mission-critical applications through carrier aggregation with Citizens Broadband Radio Service (CBRS) in the United States. In a significant move, Globalstar is collaborating with Global Telecom, Alliance, and Hawk Networks, which builds on the Althea platform, to deliver an enhanced, seamless, and reliable connectivity experience to U.S. customers. This collaboration leverages on Globalstar's strong track record with Global Telecom, known for their fast-paced innovation and expertise. Global Tel
Globalstar, Inc. (NYSE:GSAT), a next-generation telecommunications infrastructure and technology provider, today announced that it will participate in MWC Las Vegas 2024. Tamer Kadous, Vice President of Terrestrial Networks, will participate in the Private Network Summit at MWC Las Vegas on Tuesday, October 8 at 2:00 pm PDT. Mr. Mirabal will discuss private network early adopters and use cases with Globalstar's XCOM RAN solution for creating easier implementation and increased capacity for private networks in the U.S. and globally. This presentation will be recorded and will be available on the Globalstar Resource Center after the event. Kyle Pickens, Vice President of Strategy, will part
Liquid Intelligent Technologies (Liquid), a business of Cassava Technologies, a leading technology group, is pleased to announce a strategic partnership with American connectivity innovator Globalstar to deliver advanced 5G connectivity solutions across Africa, the Middle East, and the Gulf. Strive Masiyiwa, founder and Chairman of Liquid Intelligent Technologies said, "I'm really excited by the connectivity solutions now emerging from breakthroughs in 5G private networks technologies. With this technology we are now able to provide services to large businesses like mines with their own 5G private networks that can also enable NextGen services like AI; this is huge." The partnership wil
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Liquid Intelligent Technologies (Liquid), a business of Cassava Technologies, a leading technology group, is pleased to announce a strategic partnership with American connectivity innovator Globalstar to deliver advanced 5G connectivity solutions across Africa, the Middle East, and the Gulf. Strive Masiyiwa, founder and Chairman of Liquid Intelligent Technologies said, "I'm really excited by the connectivity solutions now emerging from breakthroughs in 5G private networks technologies. With this technology we are now able to provide services to large businesses like mines with their own 5G private networks that can also enable NextGen services like AI; this is huge." The partnership wil
Ben Wolff Re-joins Executive Team as Executive Vice Chairman Sarcos Technology and Robotics Corporation ("Sarcos") (NASDAQ:STRC), a technology leader in advanced robotic systems, solutions, and software that redefine human possibilities, today announced that the Company's interim President and Chief Executive Officer, Laura Peterson, has been appointed to serve as the Company's permanent President and Chief Executive Officer. The Company also announced that Sarcos co-founder, current director and former Chief Executive Officer, Ben Wolff, has re-joined the executive team as Executive Vice Chairman. Peterson has served as interim President and Chief Executive Officer since May 2023 and h
Paul E. Jacobs, Ph.D., founder of XCOM Labs and former CEO and Executive Chairman of Qualcomm, has become CEO of Globalstar Matt Grob, Chief Technology Officer of XCOM and former CTO of Qualcomm, has also joined Globalstar as Chief Technology Officer; Grob and other key XCOM technologists are expected to drive Globalstar's innovation in new and ongoing initiatives across both the satellite and terrestrial areas of the business Globalstar has exclusively licensed XCOM Labs' technology to enhance its terrestrial wireless efforts, with the goal of accelerating and expanding its ability to develop commercial applications and enter a broader range of end markets Globalstar, Inc. (NYSE:
Imperial Capital initiated coverage of Globalstar with a rating of Outperform and set a new price target of $7.79
Morgan Stanley upgraded Globalstar from Underweight to Equal-Weight and set a new price target of $0.97 from $1.75 previously
Craig Hallum initiated coverage of Globalstar with a rating of Buy and set a new price target of $5.00
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