Globalstar

Globalstar, Inc. engages in the provision of mobile satellite services. It offers voice and data communications services to the following markets: recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, natural resources, mining, and forestry, construction, utilities, and transportation. The company was founded in November 2003 and is headquartered in Covington, LA.

Earnings data Q4 2020

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Globalstar reports strong revenue growth and strategic partnerships in Q4

Globalstar's Q4 2022 earnings call highlighted strong financial performance and key milestones in spectrum and partnerships.
The company's focus on wholesale business, core MSS business, and terrestrial spectrum assets positions it for growth.
Challenges include detailed disclosure on satellite constellation and navigating regulatory and funding hurdles.
Opportunities lie in the Qualcomm partnership, global expansion, and pursuing terrestrial spectrum leases.

Globalstar reports stellar Q1 performance, eyes growth through innovation

Globalstar's Q1 2023 performance reflects robust growth, improved financial metrics, and strategic initiatives driving market relevance and competitiveness.
While challenges exist in maintaining growth momentum and navigating partnerships, the company's focus on innovation and expansion presents significant opportunities for future success.
Overall, Globalstar's transformative developments and positive outlook signal a promising trajectory for revenue growth, cash generation, and market positioning.

Globalstar reports stellar Q2 results, eyes growth in IoT and satellite technology

Globalstar's Q2 2023 showcased exceptional financial performance with significant revenue and EBITDA growth, bolstering liquidity and outlook for the year.
The company's strengths lie in advancing Band 53 initiatives, satellite constellation construction, positive SPOT business outlook, and robust IoT activation growth.
Challenges include market undervaluation and regulatory discussions, while opportunities arise from potential stock appreciation, international expansion, and technological advancements.
Overall, Globalstar's strong performance, strategic initiatives, and growth prospects position it well for sustained success and shareholder value creation.

Globalstar reports record Q3 growth, eyes satellite technology opportunities

Globalstar's Q3 2023 performance reflects robust financial growth and strategic positioning in the market, driven by innovation and differentiation strategies.
While facing challenges in R&D, spectrum licensing, and technology development, Globalstar is actively pursuing opportunities in satellite connectivity and consumer demand for high data rate connections.
The company's focus on strategic partnerships, technological advancements, and market expansion underscores its commitment to long-term growth and success.

Globalstar reports robust 2023 performance and strategic growth initiatives

Globalstar's strong 2023 performance, strategic partnerships, and focus on satellite and IoT businesses position the company for growth in 2024.
Challenges lie in maintaining growth momentum, navigating competitive landscapes, and effectively managing operational complexities.
Opportunities exist in expanding IoT business, exploring new market segments, and leveraging strategic decisions for future success.
Clear communication and strategic planning will be key in addressing challenges and capitalizing on opportunities for sustained growth.

Globalstar (GSAT) reports strong Q1 earnings, eyes growth opportunities

Globalstar's Q1 2024 performance demonstrated revenue growth and improved margins, underlining operational efficiency and market demand.
While facing challenges such as revenue uncertainties and regulatory hurdles, the company's strengths in guidance, financial stability, and diversified pipelines position it well for future growth.
Opportunities in product development, service expansion, and market confidence signal a positive outlook for Globalstar's continued success in the telecommunications sector.

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COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”) today announced that Qualcomm Inc. has included Globalstar's Band n53 in its new 5G X65 modem. The X65 is Qualcomm's flagship 5G modem and adds global 5G band support for n53. With Qualcomm's support the potential device ecosystem expands significantly to include the most popular smartphones, laptops, tablets, automated equipment and other IoT modules. Kyle Pickens, VP Strategy said, "Qualcom

Globalstar's Band n53 in Qualcomm's X65 Modem

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”) today announced a series of senior leadership and organizational changes to drive growth within the Commercial IoT sector. Amongst these changes, Globalstar has appointed Jim Mandala to the role of Vice President of Commercial IoT Sales with global responsibilities. Mandala has been with Globalstar for 15 years, and previously held the Vice President General Manager title overseeing sales in

Globalstar Announces Senior Leadership Changes for Increased Focus in Commercial IoT

The stock price of Globalstar, Inc. (NYSEAMERICAN: GSAT) fell 16.13% as it went from a previous close of $1.24 to $1.04 on Friday January 22. This is why it happened.

GSAT Stock Price Fell 16.13%: Why It Happened

Globalstar, Inc's (NYSE: GSAT) stock has rallied in the recent weeks, rising 266% year-to-date and 297% over the past three months, and valuation looks full, according to Morgan Stanley. The Globalstar Analyst: Simon Flannery downgraded Globalstar from Equal-weight to Underweight with an unchanged 55-cent price target.

Why Morgan Stanley Is Downgrading Globalstar After Strong Rally

One analyst says the satellite company's shares may have come too far, too fast.

Why Globalstar Stock Plunged Today

Globalstar stock sank as much as 20% on Friday after Morgan Stanley analysts argued the bull case is "largely priced in," with the shares up 260% year-to-date. The firm cut the Covington, Louisiana-based satellite communications company to underweight from equal weight in a note Friday morning, reiterating its price target of just $0.55. The stock ended Thursday's session at $1.24.

Globalstar falls after Morgan Stanley recommends selling the stock following a 'dramatic' 260% gain year-to-date (GSAT)

Globalstar Inc. (AMEX: GSAT) shares closed 48.6% higher at $1.37 on Wednesday. The satellite communications company's stock surged as its wholly-owned subsidiary SPOT LLC announced a partnership with monthly subscription box service Battlebox.

Why Globalstar Shares Spiked 49% Today

The stock price of Globalstar, Inc. (NYSEAMERICAN: GSAT). This is why it happened.

GSAT Stock Price Increased 48.59% Today: Why It Happened

COVINGTON, La.--(BUSINESS WIRE)--SPOT LLC, a wholly-owned subsidiary of Globalstar, Inc. (NYSE American: GSAT) and leader in satellite messaging and emergency notification technologies, today announced its partnership with monthly subscription box service, Battlbox. As part of the partnership, Battlbox Pro Box subscribers will receive a SPOT Gen4, the next generation of the SPOT Satellite GPS Messenger™, with up to 6 months of service. The SPOT Gen4 is part of an award-winning product portfolio

SPOT Partners With Battlbox to Drive Awareness of Winter Safety

Breakaway gap looks to be in play on strong volume. We like the setup here due to Globalstar being a cheap optionable stock.

Globalstar: Shares Finally Break Out Of Consolidation

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COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”) today announced that it has signed a commercial agreement with Ceres Tag, to supply satellite services to the livestock industry through the world's first and only smart ear tag for traceability provenance, biosecurity, health, animal welfare, production improvement and theft reduction. This agreement follows Ceres Tag's recent success in winning the SVG Ventures THRIVE Challenge and their ea

Globalstar Signs Agreement With Ceres Tag, the World's Only Direct to Satellite Livestock Smart Ear Tag

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Why Globalstar Stock Just Rocketed 39%

Globalstar (GSAT) stock is on the rise Friday after announcing a shipping agreement for its business partner Nokia (NOK). The post GSAT Stock Alert: Why IoT Satellite Play Globalstar Is Rocketing Higher Today appeared first on InvestorPlace.

GSAT Stock Alert: Why IoT Satellite Play Globalstar Is Rocketing Higher Today

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”) today announced that business partner Nokia has entered into an agreement with Tideworks Technology, to deploy Globalstar's Band 53 spectrum at the Port of Seattle, Terminal 5. This deployment marks the second collaboration between Globalstar and Nokia at a United States Port. Jay Monroe, Executive Chairman of Globalstar, commented, “We are excited to be a part of this opportunity with Tidewo

Globalstar Announces Nokia Deployment Over Licensed Band 53 at Port of Seattle

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Shares of Louisiana-based satellite communications company Globalstar Inc. (AMEX:GSAT) are up more than 10% following the announcement of the company's most recent quarterly results.

Is Globalstar About to Turn a Corner?

Globalstar's sales declined and it lost money. And this is good news?

Why Globalstar Stock Popped 14% Today

COVINGTON, La.--(BUSINESS WIRE)--Globalstar Announces Third Quarter 2020 Results

Globalstar Announces Third Quarter 2020 Results

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) today announced that it has obtained terrestrial authorizations in Canada, Brazil and Kenya. These three countries represent an additional covered population of 300 million and 3.7 billion MHz-Pops, bringing the Company's total terrestrial authority to over 9 billion MHz-Pops and coverage of a total population of approximately 700 million. Jay Monroe, Executive Chairman of Globalstar, commented, “Since completing the FCC li

Globalstar Receives Terrestrial Authorization in Canada, Brazil and Kenya

COVINGTON, La.--(BUSINESS WIRE)--SPOT LLC, a wholly-owned subsidiary of Globalstar, Inc. (NYSE American: GSAT) and leader in satellite messaging and emergency notification technologies, today announced the launch of the SPOT Gen4 Jeep Special Edition Satellite GPS Messenger™. This product launch is the latest addition to the SPOT family after the recent release of the SPOT X Jeep Edition 2-way Satellite Messenger, and the earlier announced licensing deal with the Jeep brand. SPOT Gen4 Jeep Spec

SPOT Introduces the New SPOT Gen4 Jeep® Special Edition Satellite Messenger

COVINGTON, La.--(BUSINESS WIRE)--Globalstar Announces Second Quarter 2020 Results

Globalstar Announces Second Quarter 2020 Results

Why Globalstar Stock Just Jumped 27.5%

Globalstar (GSAT) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.

News for Globalstar Stock (GSAT)