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 |
4 - Globalstar, Inc. (0001366868) (Issuer)
4 - Globalstar, Inc. (0001366868) (Issuer)
4 - Globalstar, Inc. (0001366868) (Issuer)
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
Globalstar, Inc. (NYSE:GSAT), the next-generation mobile satellite and communications services provider, announced today Peiker Holding Gmbh and Globalstar have entered a strategic partnership to bring satellite-based emergency services and telematics capabilities to the automotive industry. For decades, Peiker has been a leading provider of connectivity modules for use in vehicles that enable fast and reliable data transmission on the road. Peiker trailblazed the path to today's emergency call (eCall) services with its Polestar product, a telematics system based on mobile phones that tracks vehicles using GPS. Globalstar has been saving lives with its SPOT satellite messengers for two
Globalstar, Inc. (NYSE:GSAT) ("Globalstar" or the "Company"), a next-generation telecommunications infrastructure and technology provider, held an investor day on Thursday, December 12, 2024. The Company's executive leadership team outlined Globalstar's strategic priorities and vision for the future by optimizing value for its core assets and providing updates to its short and long-term financial outlook. Additionally, the Company hosted several customer panels during the event, which are available for replay on Globalstar's investor relations website under "Events and Presentations". A summary of the event is detailed below: Terrestrial Wireless XCOM RAN Differentiated high-perfor
Globalstar, Inc. (NYSE:GSAT), the next-generation mobile satellite and communications services provider, announced today a collaboration agreement with Hawk Networks. Hawk is transforming the way operators access wireless spectrum with a more efficient and flexible approach to utilizing Globalstar's versatile Band 53 spectrum. Globalstar's collaboration with Hawk Networks simplifies access to valuable licensed spectrum by bundling it with core network components and other essential infrastructure. This streamlined approach reduces extended wait times and eliminates the complexities of traditional procurement processes. Operators of all sizes can now efficiently access the spectrum and tools
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)
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SC 13D/A - Globalstar, Inc. (0001366868) (Subject)
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8-K - Globalstar, Inc. (0001366868) (Filer)
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: