|Bid||1.2000 x 4000|
|Ask||1.2500 x 27000|
|Day's range||1.1500 - 1.2500|
|52-week range||0.8500 - 2.9800|
|Beta (5Y monthly)||0.59|
|PE ratio (TTM)||N/A|
|Earnings date||02 Aug 2023 - 07 Aug 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||3.25|
COVINGTON, La., May 15, 2023--Globalstar Announces Engagement with Jason Bernstein to Provide Strategic Advice on Investor Relations and Outreach
Globalstar (GSAT) delivered earnings and revenue surprises of 200% and 21.44%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
COVINGTON, La., May 05, 2023--Globalstar announces first quarter 2023 results
COVINGTON, La., April 27, 2023--Globalstar, Inc. (NYSE American: GSAT) will announce its first quarter 2023 financial and operating results on Friday, May 5, 2023 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 Friday, May 5, 2023 at 9:00 a.m. ET to discuss these results. Details are as follows:
Iridium, Globalstar and EchoStar are part of the Zacks Industry Outlook article.
Macroeconomic weakness, inflation and supply chain woes could affect the Zacks Satellite and Communication industry participants' prospects in the near term. Global security threats and increasing defense budgets bode well for Iridium (IRDM), Globalstar (GSAT) and EchoStar (SATS).
Such was the case on Tuesday with satellite specialist Globalstar (NYSEMKT: GSAT), which saw its share price rise by just under 11% thanks to a new bond sale. Globalstar, perhaps best known as the provider of satellite technology for recent model iPhones from tech superstar Apple, made its announcement before market open. Globalstar said it expects to close the sale on or around this Friday, March 31.
COVINGTON, La., March 29, 2023--Globalstar, Inc. (NYSE American: GSAT), a leading telecom infrastructure provider, today announced that it has entered into a purchase agreement with an affiliate of Värde Partners and others providing for the sale of $200 million in aggregate principal amount of 13% Senior Notes due 2029. This transaction is expected to close on or around March 31, 2023. The notes are non-convertible and therefore do not result in equity dilution. Goldman Sachs & Co. LLC acted as
COVINGTON, La., March 13, 2023--Globalstar, Inc. (NYSE American: GSAT), today announced that the Kingdom of Thailand’s Office of The National Broadcasting and Telecommunications Commission (NBTC) has authorized the provision of Globalstar mobile satellite services throughout Thailand, including the authority to operate its new ground station at Thaicom’s Teleport Center in Patumthani province north of Bangkok.
COVINGTON, La., March 08, 2023--Globalstar, Inc. (NYSE American: GSAT) today unveiled Realm Cloud, an agile mobile device and data management (MDM) platform designed to enable VARs and customers with all the capabilities required to solve speed-to-market needs for deploying and building customized asset tracking and telematics solutions while lowering the cost of ownership.
COVINGTON, La., March 06, 2023--Globalstar, Inc. (NYSE American: GSAT), a leading telecom infrastructure provider, has signed a strategic collaboration agreement with Qualcomm Technologies, Inc. involving a portfolio of 5G Private Network technologies, including Qualcomm® FSM™ 5G RAN Platforms for small cells, as well as select Qualcomm Snapdragon™ Modem-RF Systems, supporting Rel 15/16, that will utilize Globalstar Band n53 terrestrial spectrum around the world.
COVINGTON, La., March 01, 2023--Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the fourth quarter and year ended December 31, 2022.
News of a big pile of funds coming in lights up the company's shares just before the latest quarterly earnings release.
COVINGTON, La., February 27, 2023--Globalstar, Inc. (NYSE American: GSAT), today announced that Spain has authorized the company to provide complementary terrestrial services, over its mobile satellite spectrum including LTE and 5G compliant services via Band 53/n53. This marks a major step forward in the convergence of satellite and mobile terrestrial services to connect and protect both lives and property globally.
COVINGTON, La., December 07, 2022--Globalstar, Inc. (NYSE American: GSAT) today announced a commercial agreement with Wiagro, an Agtech start-up from Argentina. Globalstar is supplying Wiagro with 2,500 ST100 satellite modem transmitters for their Smart Silobag®, which allows for the remote monitoring of grain conditions stored in silo bags. The partnership is effective immediately with completion of deployment anticipated through the end of 2024.
Globalstar CEO David Kagan joins Yahoo Finance Live to discuss Apple's investment in Globalstar for its Emergency SOS.
Globalstar (GSAT) delivered earnings and revenue surprises of -1,000% and 18.40%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
COVINGTON, La., November 03, 2022--Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the quarter ended September 30, 2022.
COVINGTON, La., October 31, 2022--Globalstar, Inc. (NYSE American: GSAT) will announce its third quarter 2022 financial results and business update on Thursday, November 3, 2022, after the market closes.
COVINGTON, La., October 25, 2022--Globalstar, Inc. (NYSE American: GSAT) today announced that it will hold an Investor Day on Wednesday, November 16, 2022, at 9:00 a.m. ET in New York City.
AT&T, Baidu, Globalstar, and eGain are part of the Zacks top Analyst Blog.
Investors can consider adding four low-beta tech stocks like T, BIDU, GSAT and EGAN into their portfolios to hedge against a highly volatile market environment.
Apple Inc's iPhone 14 models contain a Qualcomm Inc chip that can talk to satellites, but have additional custom-designed Apple components used in the phone's biggest new feature, according to an analysis of the phone by iFixit and an Apple statement. Apple released its iPhone 14 lineup on Friday. Apple said earlier this month that the iPhone 14 models contain new hardware that makes possible the emergency message service, which Apple plans to turn on with a software update coming in November.
Over the course of six and a half hours of frenzied trading, shares of satellite communications company Globalstar (NYSEMKT: GSAT) first plunged 23%, then soared 85% (off their lows), before ultimately closing out Wednesday right back where they started -- actually, down 1.4% for the day. As Thursday trading shifts into the afternoon, at 1 p.m. ET, shares of Globalstar are down another 5.8% from yesterday's close. Heading into its big iPhone 14 unveiling, you see, Apple announced midday Wednesday that it will partner with Globalstar to support a new function on its phone -- the ability to text short, emergency messages via satellite when a user is traveling through a cellphone dead zone.
Globalstar (NYSEMKT: GSAT) investors went into Wednesday hoping to hear Apple (NASDAQ: AAPL) announce it was bringing satellite connectivity to the iPhone using Globalstar satellites. Shares of Globalstar went on a roller-coaster ride while investors waited, falling as much as 23% at one point before rocketing more than 40% higher once the news became official. Talk of an iPhone able to send text messages and make phone calls via a satellite connection has been making the rounds for about a year, and increased chatter ahead of Apple's Wednesday new product event had helped Globalstar shares rocket nearly 60% higher in the past three months.