Globalstar, Inc. (GSAT)
| Market Cap | 3.69B |
| Revenue (ttm) | 241.58M |
| Net Income (ttm) | -38.66M |
| Shares Out | 1.89B |
| EPS (ttm) | -0.02 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 15,582,038 |
| Open | 1.860 |
| Previous Close | 1.880 |
| Day's Range | 1.830 - 2.010 |
| 52-Week Range | 1.000 - 2.740 |
| Beta | 1.08 |
| Analysts | Strong Buy |
| Price Target | 5.00 (+156.41%) |
| Earnings Date | Nov 7, 2024 |
About GSAT
Globalstar, Inc. provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications. It also provides one-way or two-way communications and data transmissions using mobile devices, including the SPOT family of products, such as SPOT X, S... [Read more]
Financial Performance
In 2023, Globalstar's revenue was $223.81 million, an increase of 50.71% compared to the previous year's $148.50 million. Losses were -$35.32 million, -86.32% less than in 2022.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for GSAT stock is "Strong Buy" and the 12-month stock price forecast is $5.0.
News
Globalstar Outlines Growth Strategy and Financial Outlook at Investor Day
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, held an investor d...
Hawk Networks and Globalstar Announce Collaboration and Availability of Band 53 Spectrum on Hawk's Platform
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications services provider, announced today a collaboration agreement with Hawk ...
Globalstar has a different price point we can give to the market, says CEO Paul Jacobs
Paul Jacobs, Globalstar CEO, joins 'Closing Bell Overtime' to talk its partnership with Apple, where it sees growth opportunity, and more.
Globalstar Achieves First 5G Data Call with XCOM RAN on Band n53 Spectrum
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications services provider, announced today the first 5G data call on Globalstar...
Parsons and Globalstar Announce Partnership, Demonstrate First Software Defined Satellite Communication Solutions in Low Earth Orbit
CHANTILLY, Va.--(BUSINESS WIRE)--Parsons Corporation (NYSE: PSN) and Globalstar (NYSE American: GSAT) announce their exclusive partnership to support the public, government, and defense sectors. The p...
FCC Issues 15-Year Renewal of Globalstar's Blanket Mobile Earth Terminal Authorization
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar”), the next-generation mobile satellite and communications services provider, today announced that the United State...
Globalstar: Apple's Satellite Service Expansion And Nasdaq Uplisting Could Launch This Stock Into Orbit
Globalstar's extended agreement with Apple is projected to double annual revenues and improve profitability margins. I expect the Nasdaq uplisting in Q1 2025, accompanied by a reverse stock split, to ...
Globalstar Partner Spotter Achieves Milestone of Over 30,000 Satellite IoT Collars Deployed Across Central Asia
DUBLIN--(BUSINESS WIRE)--Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar, Inc. (NYSE American: GSAT) (collectively “Globalstar” or the “Company”), the next-generatio...
Globalstar to Host Analyst & Investor Day on December 12, 2024
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, today announced th...
Globalstar Announces Plans to Transfer Its Stock Listing to Uplist on Nasdaq
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, today announced it...
Globalstar Wins Terrestrial Authority in Mexico
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar”), the next-generation mobile satellite and communications services provider, today announced that Mexico's Institu...
Globalstar Announces Participation at Deutsche Bank's Global Space Summit
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), a next-generation telecommunications infrastructure and technology provider, today announced that Dr. Paul Jacobs will present ...
Undercovered Dozen: Asbury Automotive, Globalstar, Northland Power, Aquestive Therapeutics +
The 'Undercovered' Dozen series highlights 12 lesser-covered stocks, offering fresh investment ideas and sparking community discussions on their potential. Xometry's AI-driven procurement software in ...
Globalstar, Inc. (GSAT) Q3 2024 Earnings Call Transcript
Globalstar, Inc. (NYSE:GSAT) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Paul Jacobs - CEO Rebecca Clary - VP and CFO Conference Call Participants Walter Piecyk ...
Globalstar Announces Third Quarter 2024 Financial Results
COVINGTON, La.--(BUSINESS WIRE)--GLOBALSTAR ANNOUNCES THIRD QUARTER 2024 FINANCIAL RESULTS.
Globalstar: Upside Still Not Fully Priced In
Globalstar's share price jumped after the announcement of a significant expansion of its partnership with Apple. Apple is providing Globalstar with capital and the relationship should provide addition...
Apple Will Invest $1.5 Billion In Globalstar To Expand Satellite Services
The tech company is pledging more money for Globalstar's network of satellites, which power Emergency SOS and messaging.
Apple to invest up to $1.5 bln in Globalstar for satellite coverage expansion
Apple will invest up to $1.5 billion in Globalstar to fund the expansion of its iPhone communication services, the satellite provider said in a regulatory filing on Friday.
Apple commits $1.5 billion to Globalstar for expanded iPhone satellite services
Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services. The tech giant has already been spending hundreds of millions for Globlastar...
Globalstar Stock Jumps 58% After Agreement With Apple
The satellite company will deliver expanded services to Apple over a new mobile services network, the company said Friday.
Globalstar, Inc. Earnings Release and Call Notice
COVINGTON, La.--(BUSINESS WIRE)--GLOBALSTAR, INC. EARNINGS RELEASE AND CALL NOTICE.
Globalstar's Band 53 Spectrum to Be Used for Mission-Critical Applications in Combination With CBRS Through a Collaboration With Global Telecom, the Althea Platform, and Alliance
LAS VEGAS--(BUSINESS WIRE)--MWC Las Vegas. Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications services provider, today announced that Band 53 spectrum will...
Globalstar Announces Participation at MWC Las Vegas 2024
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), a next-generation telecommunications infrastructure and technology provider, today announced that it will participate in MWC La...
Liquid Intelligent Technologies and Globalstar Partner to Deliver High-speed 5G Access Solutions Across Africa, the Middle East, and the Gulf
LONDON--(BUSINESS WIRE)--Liquid Intelligent Technologies (Liquid), a business of Cassava Technologies, a leading technology group, is pleased to announce a strategic partnership with American connecti...
FCC Reauthorizes Globalstar's HIBLEO-4 Constellation
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications services provider, today announced that the United States Federal Commu...