Globalstar upgraded by Morgan Stanley with a new price target
$GSAT
Telecommunications Equipment
Consumer Discretionary
Morgan Stanley upgraded Globalstar from Underweight to Equal-Weight and set a new price target of $0.97 from $1.75 previously
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| 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 |
SD - Globalstar, Inc. (0001366868) (Filer)
8-K - Globalstar, Inc. (0001366868) (Filer)
10-Q - Globalstar, Inc. (0001366868) (Filer)
Strategic land acquisition paves way for expansion in Japan – part of global infrastructure buildout expected to include over 90 additional tracking antennas to support Globalstar's third-generation C-3 satellite system Globalstar (NASDAQ:GSAT), a next-generation telecommunications infrastructure and technology provider, today announces construction commencement of additional gateway infrastructure at its existing ground station in Bihoro, Japan. This strategic expansion begins the rapid growth of Globalstar's mobile satellite services throughout Asia, including additional infrastructure in multiple locations required to support its third-generation C-3 mobile satellite system. Globalst
Globalstar (NASDAQ:GSAT), a next-generation telecommunications infrastructure and technology provider, announces a Cooperative Research and Development Agreement (CRADA) with the United States Army. Under the agreement, Globalstar will collaborate with Army research and development teams to evaluate the performance of its advanced satellite data solutions for the Department of Defense including low probability of intercept/low probability of detect (LPI/LPD) communications for covert sensing, unmanned systems, congested logistics tracking, and tagging/tracking/locating (TTL) applications across various mission-aligned use cases. The primary focus of the CRADA is to assess Globalstar's ult
Globalstar's mobile satellite system maintained coverage across Spain and Portugal during recent power outage Globalstar, Inc. (NASDAQ:GSAT), a next-generation telecommunications infrastructure and technology provider, today announces the execution of definitive agreements with Telecom Castilla-La Mancha, S.A. ("Telecom CLM") to expand the Alcazar Teleport in Castilla La Mancha, Spain, with additional ground station antennas and associated infrastructure. These further investments will support Globalstar's launch and operation of its previously announced third-generation mobile satellite services network, the C-3 System. With today's announced expansion, Globalstar will effectively doub
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
4 - Globalstar, Inc. (0001366868) (Issuer)
4 - Globalstar, Inc. (0001366868) (Issuer)
4 - Globalstar, Inc. (0001366868) (Issuer)
4 - Globalstar, Inc. (0001366868) (Issuer)
4/A - Globalstar, Inc. (0001366868) (Issuer)
4 - Globalstar, Inc. (0001366868) (Issuer)
February 18, 2025-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced that the Comtech Board of Directors (the "Board") has appointed David (Dave) B. Kagan as an independent director to the Board, effective February 13, 2025. Mr. Kagan has deep experience leading satellite communications companies over the course of his career, which spans more than 35 years. Most recently, he served as CEO of Globalstar, where he drove significant top and bottom line improvements. He also expanded Globalstar's services beyond the legacy of one-way messaging and GPS to focus on satellite IoT and was a key contributor in s
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
First quarter 2025 revenue increased 6% to $60.0 million, driven by strength in wholesale capacity services Announced launch of two-way satellite commercial IoT solution with mass production expected in the second quarter of 2025 Introduced new state-of-the-art Satellite Operations Control Center (SOCC) at Globalstar's headquarters Globalstar, Inc. (NASDAQ:GSAT) ("Globalstar" or the "Company") today announced its financial results for the first quarter ended March 31, 2025. "Our first quarter results are in-line with our expectations with revenue increasing 6% to $60.0 million. Net loss for the quarter was $17.3 million, driven predominantly by non-cash items. Adjusted EBITDA* was $
Globalstar, Inc. (NASDAQ:GSAT) will announce its first quarter 2025 financial and operating results on Thursday, May 8, 2025 after the market closes. 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, May 8, 2025 at 5:00 p.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/gcqrbxci To participate in the earnings call via teleconference, participants should register at the following link to receive an emai
Full year 2024 revenue increased 12% to a record $250.3 million, exceeding the high end of revenue guidance Record annual service revenue for Commercial IoT, representing a 15% increase from the prior year On track to deliver scheduled milestones to support next phases of direct-to-cellular service Received $0.9 billion of the total $1.7 billion investment under the Updated Services Agreements announced in November 2024 Uplisted to the Nasdaq Global Select Market on February 11, 2025, following effectiveness of a 1-for-15 reverse stock split Globalstar, Inc. (NASDAQ:GSAT) ("Globalstar" or the "Company") today announced its financial results for the fourth quarter and year en
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