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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 |
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:
4 - Globalstar, Inc. (0001366868) (Issuer)
4 - Globalstar, Inc. (0001366868) (Issuer)
4 - Globalstar, Inc. (0001366868) (Issuer)
10-Q - Globalstar, Inc. (0001366868) (Filer)
8-K - Globalstar, Inc. (0001366868) (Filer)
8-K - Globalstar, Inc. (0001366868) (Filer)
SC 13D/A - Globalstar, Inc. (0001366868) (Subject)
SC 13D/A - Globalstar, Inc. (0001366868) (Subject)
SC 13G/A - Globalstar, Inc. (0001366868) (Subject)
Globalstar, Inc. (NYSE:GSAT) ("Globalstar" or the "Company") today announced its financial results for the third quarter ended September 30, 2024. "Globalstar reported strong third quarter results highlighted by a 25% increase in total revenue. Net income and Adjusted EBITDA both benefited significantly from the increase in high-margin revenue with a favorable fluctuation in net income of $16 million and an increase in Adjusted EBITDA of 34%, reaching a record high during the quarter. Growth in wholesale capacity revenue continues to be the primary driver of our improved financial results with other recent business initiatives also contributing overall. As a result, we are increasing the l
Globalstar, Inc. (NYSE:GSAT) will announce its third quarter 2024 financial and operating results on Thursday, November 7, 2024 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, November 7, 2024 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/ssnimn99 To participate in the earnings call via teleconference, participants should register at the following link
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
4 - Globalstar, Inc. (0001366868) (Issuer)
4 - Globalstar, Inc. (0001366868) (Issuer)
4 - Globalstar, Inc. (0001366868) (Issuer)
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
Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar, Inc. (NYSE:GSAT) (collectively "Globalstar" or the "Company"), the next-generation mobile satellite and communications service provider, today announced that value added reseller Spotter has seen sales of its satellite IoT-enabled horse tracking collar more than double in the last 24 months. Mongolia-based Spotter has reached a milestone of over 30,000 Horse Tracker collars deployed, enabling the reliable monitoring of free-roaming horses across Mongolia, Kazakhstan and Kyrgyzstan. Describing sales uptick of nearly 160% since October 2022, Spotter Co-Founder Tsogbadrakh Surenjargal said, "The growth has be
Globalstar, Inc. (NYSE:GSAT) ("Globalstar" or the "Company"), a next-generation telecommunications infrastructure and technology provider, today announced that the Company will host an Analyst & Investor Day on Thursday, December 12, 2024 beginning at 9:00 a.m. ET. During the event, members of Globalstar's senior management team will provide detailed updates on certain elements of the Company's strategic initiatives, growth opportunities and long-term financial framework. The event will include formal presentations as well as Q&A sessions. Presentation materials will be available on the Company's investor relations website at https://investors.globalstar.com/events-and-presentations/event
The Company also announces board approval of a reverse stock split, expected to enhance trading fundamentals and increase institutional investor participation Globalstar, Inc. (NYSE:GSAT) ("Globalstar" or the "Company"), a next-generation telecommunications infrastructure and technology provider, today announced its intent to transfer its common stock listing to the Nasdaq Global Select Market (the "Nasdaq") in the first quarter of 2025. In connection with this planned uplisting, the Company also announced that its Board of Directors has authorized a reverse stock split of its common stock, which is also expected to take place in the first quarter of 2025 at a ratio to be determined close
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
https://www.apple.com/apple-events/event-stream/