Globalstar (NASDAQ:GSAT) Azioni

Globalstar

Globalstar Inc is a telecommunications company that derives revenue from the provision of mobile satellite services. Mobile satellite services are typically used by customers where existing terrestrial wireline and wireless communications networks are impaired or do not exist. The company provides communications services such as two-way voice and data transmission. In addition, one-way data transmission is also offered. Both services are offered using mobile or fixed devices. The company is an owner of satellite assets. It has one reportable segment: MSS business. The company generates the vast majority of its revenue within the United States.

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Globalstar Inc

Astronautics company, Intuitive Machines Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>), unveiled plans for its Near Space Network Services (NSNS) program, highlighting a strategic pivot toward recurring, high-margin revenue from lunar orbit infrastructure.
What Happened: During its <a href="https://benzinga.com/25/05/45378821/intuitive-machines-q1-earnings-revenue-up-14-im-3-mission-remains-on-track-company-affirms-fy25-guidance">first quarter earnings</a> call on Tuesday, the company positioned its satellite-based relay and navigation network as a cornerstone of its long-term growth model.
&#8220;The Lunar Data Satellite constellation portion of NSNS is designed to provide secure and continuous connectivity for navigation, command, and control of spacecraft,&#8221; CEO Stephen Altemus says, adding that it will be used to serve a &#8220;wide array of customers while driving higher margin recurring revenue streams.&#8221;
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Altemus says that its customers include NASA, from which it has already secured an $18 million task order under its Commercial Lunar Payload Services (CLPS) program. He also expects this infrastructure to be used by &#8220;future commercial customers operating on or around the Moon.&#8221;
The company&#8217;s CFO, Peter McGrath, said during the call that, &#8220;We're building the assets, they're capital assets that we own. And then we're going to be selling them as a service.&#8221; 
He then compared the NSNS business model to commercial satellite networks like Globalstar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>) or Iridium Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>), citing its potential to generate stable, service-based revenue.
The company expects to launch its first NSNS data relay satellite alongside its IM-3 lunar delivery mission in the first half of 2026.
Why It Matters: Intuitive has been dubbed one of the <a href="https://benzinga.com/general/space/25/01/42828631/exclusive-rocket-lab-intuitive-machines-redwire-or-ast-spacemobile-33-of-readers-pick-this-space-stock-for-2025">leading space stocks</a> to watch as the industry scales new heights, as the company carves out a niche for itself in Lunar exploration, becoming a critical partner for NASA&#8217;s Artemis Program. 
During its <a href="https://benzinga.com/25/05/45378821/intuitive-machines-q1-earnings-revenue-up-14-im-3-mission-remains-on-track-company-affirms-fy25-guidance">first quarter results</a> on Tuesday, Intuitive reported $62.5 million in revenue, up 14% from the prior quarter, with $272.34 million in order backlog towards the end of the quarter. 
Price Action: The stock was up 22.42% on Tuesday, trading at $11.63 per share, and is up 2.75% after hours.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="137" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14050902/Screenshot-2025-05-14-at-2.38.45-PM-1024x137.png" alt="" class="wp-image-914660" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14050902/Screenshot-2025-05-14-at-2.38.45-PM-1024x137.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14050902/Screenshot-2025-05-14-at-2.38.45-PM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14050902/Screenshot-2025-05-14-at-2.38.45-PM-768x103.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14050902/Screenshot-2025-05-14-at-2.38.45-PM-1536x205.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14050902/Screenshot-2025-05-14-at-2.38.45-PM.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
For more insights on the stock's score, sign up for&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge</a>.
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Intuitive Machines Plans 'Higher-Margin Recurring Revenue Streams' By Putting Satellites Around The Moon—Scores $18 Million NASA Task Order

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Shares of companies within the broader communication services sector are trading higher amid overall market strength after the US and China agreed to a temporary reduction in most tariffs on each other's goods.

Globalstar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>) shares are trading lower by 13.1% to $17.55 during Friday&#8217;s session after the company reported <a href="https://www.benzinga.com/pressreleases/25/05/b45300132/globalstar-announces-first-quarter-2025-financial-results">worse-than-expected</a>&nbsp;first-quarter&nbsp;EPS and revenue.
What To Know: Globalstar reported a first-quarter 2025 net loss of 16 cents per share, wider than analyst estimates of a 2 cent loss. The $17.3 million loss also marked a slight year-over-year decline, despite a 6% revenue increase to $60 million, which missed forecasts by nearly 7%.
Service revenue grew 7% to $57.1 million, driven by wholesale capacity gains. However, 
Read Also: <a href="https://www.benzinga.com/news/25/05/45321369/kodak-kodk-stock-falls-16-after-disappointing-q1-earnings">Kodak Stock Falls 16% After Disappointing Q1 Earnings</a>
The company <a href="https://www.benzinga.com/pressreleases/25/05/b45300132/globalstar-announces-first-quarter-2025-financial-results">reaffirmed</a> its FY2025 revenue guidance of $260–$285 million with a 50% EBITDA margin. CEO Paul Jacobs cited the launch of Globalstar's two-way satellite IoT solution and leadership additions as steps toward growth in private wireless and wholesale capacity.
Operational highlights include opening a new satellite operations center and advancing next-gen satellite tech. Liquidity remains solid with $241 million in cash, despite heavy capex. 
The company says it continues to monitor global trade risks, particularly tariffs, but expects minimal direct impact.
Read Also: <a href="https://www.benzinga.com/news/25/05/45323142/tesla-stock-rises-friday-despite-product-setbacks-and-policy-risks">Tesla Stock Rises Friday Despite Product Setbacks And Policy Risks</a>
<h2 class="wp-block-heading">How To Buy GSAT Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Globalstar&#8217;s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, GSAT has a 52-week high of $23.63 and a 52-week low of $17.24.

Why Globalstar (GSAT) Stock Is Trading Lower

<h3>Gainers</h3>
<ul>
<li>Gogo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGO#NASDAQ">GOGO</a>) stock moved upwards by 43.9% to $10.89 during Friday's regular session. The company's market cap stands at $1.4 billion. The company's, Q1 earnings came out today. </li>
<li>Rumble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) shares increased by 24.53% to $9.69. The market value of their outstanding shares is at $3.2 billion. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Arena Group Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AREN#AMEX">AREN</a>) stock moved upwards by 20.48% to $7.41. The company's market cap stands at $352.4 million. </li>
<li>System1 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SST#NYSE">SST</a>) shares moved upwards by 19.39% to $0.49. The company's market cap stands at $36.1 million. The company's, Q1 earnings came out 3 days ago. </li>
<li>Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) shares moved upwards by 18.86% to $71.2. The company's market cap stands at $34.9 billion. The company's, Q1 earnings came out yesterday. </li>
<li>IZEA Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IZEA#NASDAQ">IZEA</a>) stock moved upwards by 14.67% to $2.31. The market value of their outstanding shares is at $39.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Super League Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLE#NASDAQ">SLE</a>) stock declined by 52.9% to $0.15 during Friday's regular session. The market value of their outstanding shares is at $2.5 million. </li>
<li>ZipRecruiter (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIP#NYSE">ZIP</a>) shares decreased by 23.91% to $4.34. The market value of their outstanding shares is at $428.0 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Globalstar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>) stock decreased by 12.93% to $17.58. The market value of their outstanding shares is at $2.2 billion. As per the news, the Q1 earnings report came out yesterday. </li>
<li>9F (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFU#NASDAQ">JFU</a>) shares declined by 11.95% to $1.39. The company's market cap stands at $16.3 million. </li>
<li>Smart Digital Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDM#NASDAQ">SDM</a>) shares declined by 11.72% to $5.35. The company's market cap stands at $142.9 million. </li>
<li>E W Scripps (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>) shares decreased by 10.43% to $2.32. The company's market cap stands at $203.1 million. As per the press release, Q1 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Communication Services Stocks Moving In Friday's Intraday Session

Globalstar shares are trading lower after the company reported worse-than-expected Q1 EPS and revenue.

Globalstar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>) affirms FY2025 sales outlook from $260.00 million-$285.00 million to $260.00 million-$285.00 million.

Guidance

Globalstar Affirms FY2025 Sales Guidance of $260.00M-$285.00M

Globalstar (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#AMEX">GSAT</a>) reported quarterly losses of $(0.16) per share which missed the analyst consensus estimate of $(0.02) by 700 percent. This is a 6.67 percent decrease over losses of $(0.15) per share from the same period last year. The company reported quarterly sales of $60.03 million which missed the analyst consensus estimate of $64.54 million by 6.99 percent. This is a 6.29 percent increase over sales of $56.48 million the same period last year.

Earnings Misses

Globalstar Q1 EPS $(0.16) Misses $(0.02) Estimate, Sales $60.03M Miss $64.54M Estimate

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Earnings Scheduled For May 8, 2025

Globalstar (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#AMEX">GSAT</a>) will release its quarterly earnings report on Thursday, 2025-05-08. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Globalstar to report an earnings per share (EPS) of $-0.07.
The announcement from Globalstar is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Earnings History Snapshot</h3>
During the last quarter, the company reported an EPS missed by $0.14, leading to a 0.14% increase in the share price on the subsequent day.
Here's a look at Globalstar's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.06</td>
<td>0</td>
<td>0</td>
<td>0</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.20</td>
<td>0</td>
<td>-0.15</td>
<td>-0.15</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>7.000000000000001%</td>
<td>-2.0%</td>
<td>-5.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1746626510_0.png" alt="eps graph" />
<h3>Performance of Globalstar Shares</h3>
Shares of Globalstar were trading at $19.85 as of May 06. Over the last 52-week period, shares are up 11.13%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Views on Globalstar</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Globalstar.
Globalstar has received a total of 3 ratings from analysts, with the consensus rating as Buy. With an average one-year price target of $43.33, the consensus suggests a potential 118.29% upside.
<h3>Analyzing Ratings Among Peers</h3>
The analysis below examines the analyst ratings and average 1-year price targets of and Iridium Communications, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Outperform trajectory for Iridium Communications, with an average 1-year price target of $32.33, suggesting a potential 62.87% upside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
Within the peer analysis summary, vital metrics for and Iridium Communications are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Globalstar</td>
<td>Buy</td>
<td>16.73%</td>
<td>$39.20M</td>
<td>-14.05%</td>
</tr>
<tr>
<td>Iridium Communications</td>
<td>Outperform</td>
<td>5.41%</td>
<td>$153.22M</td>
<td>5.55%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Globalstar ranks lower in Revenue Growth compared to its peer. It also has lower Gross Profit and Return on Equity.
<h3>Unveiling the Story Behind Globalstar</h3>
Globalstar Inc is a telecommunications company that derives revenue from the provision of mobile satellite services. Mobile satellite services are typically used by customers where existing terrestrial wireline and wireless communications networks are impaired or do not exist. The company provides communications services such as two-way voice and data transmission. In addition, one-way data transmission is also offered. Both services are offered using mobile or fixed devices. The company is an owner of satellite assets. It has one reportable segment: MSS business. The company generates the vast majority of its revenue within the United States.
<h3>Breaking Down Globalstar's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Globalstar's remarkable performance in 3 months is evident. As of 31 December, 2024, the company achieved an impressive revenue growth rate of 16.73%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Communication Services sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -86.46%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Globalstar's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -14.05%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Globalstar's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -4.03%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Globalstar's debt-to-equity ratio is below the industry average at 1.51, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/GSAT/earnings">To track all earnings releases for Globalstar visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Globalstar

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Shares of companies within the broader communication services sector are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

Globalstar's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NYSE">GSAT</a>) short percent of float has risen 8.51% since its last report. The company recently reported that it has 3.04 million shares sold short, which is 6.12% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.55 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Globalstar Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743793273_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Globalstar has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Globalstar's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Globalstar's peer group average for short interest as a percentage of float is 6.96%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Globalstar's Recent Short Interest

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Shares of companies within the broader communication services sectors are trading lower as global markets continue to decline following President Trump's announcement of sweeping tariffs.

Shares of companies within the broader communication services sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.globalstar.com%2Fen-us&amp;esheet=54225461&amp;newsitemid=20250318709242&amp;lan=en-US&amp;anchor=Globalstar&amp;index=1&amp;md5=e620e617f33d7e18c99cd8abe3da8bb9">Globalstar</a>, Inc., (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>) ("Globalstar" or the "Company"), a next-generation telecommunications infrastructure and technology provider, announces the grand opening of its state-of-the-art Satellite Operations Control Center ("SOCC") at its headquarters in Covington, La., on March 17. This milestone marks a significant expansion of Globalstar's operational capabilities and reinforces the Company's strategic growth as it advances next-generation satellite and connectivity solutions.
The grand opening event was attended by notable representatives and local dignitaries, including House Majority Leader Steve Scalise and FCC Chairman Brendan Carr. The event featured live music and a selection of Louisiana cuisine, offering attendees a taste of the region's rich culinary heritage while marking the occasion with local flair.

Politics

General

Globalstar Announces Opening Of Satellite Operations Control Center At Covington HQ; Event Attended By House Majority Leader Steve Scalise And FCC Chairman Brendan Carr

Shares of companies within the broader communication services sector are trading lower amid economic worries driven by tariffs and trade policies. Investors may be expecting a decline in investment, which may also be weighing on the industry.

On Tuesday, 5G semiconductor solutions supplier GCT Semiconductor Holding Inc and Globalstar, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>) announced a partnership to develop two-way satellite messaging systems for Globalstar&#8217;s <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44106080/gct-semiconductor-and-globalstar-partner-to-develop-iot-modules-for-two-way-satellite-cellular-and" rel="noreferrer noopener">mobile devices and modules</a>.
Globalstar recently announced that the RM200M product will use GCT&#8217;s IoT chip, GDM7243i.
Future products will support Globalstar&#8217;s satellite network using GCT&#8217;s 4G LTE chip, GDM7243SL, and 5G IoT-enabled chipset.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/03/44108610/paysafe-q4-revenue-falls-short-despite-12-payment-volume-growth-issues-weak-2025-outlook" rel="noreferrer noopener">Paysafe Q4 Revenue Falls Short Despite 12% Payment Volume Growth, Issues Weak 2025 Outlook</a>
Globalstar VP Alex Katko said GCT&#8217;s GDM7243i is a top choice for narrowband IoT applications, including trackers and satellite GPS devices. He added that the narrowband and low-power capability of GDM7243i, alongside the flexible multi-mode GDM7243SL, will enable Globalstar devices and modules to fully connect and seamlessly switch between cellular and satellite networks worldwide.
In January, Apple Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) tapped&nbsp;SpaceX&nbsp;to support the&nbsp;<a target="_blank" href="https://www.benzinga.com/news/contracts/25/01/43311428/why-globalstar-stock-is-tumbling-wednesday" rel="noreferrer noopener">iPhone Starlink satellite network</a>. Apple already offers a satellite service through its collaboration with Globalstar.
Globalstar reported <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/b44025320/globalstar-announces-2024-financial-results" rel="noreferrer noopener">fourth-quarter revenue</a> of $61.18 million, up 17%, missing the analyst consensus estimate of $62.43 million. Adjusted EPS loss of $(0.20) missed the analyst consensus loss estimate of $(0.02). The company reiterated fiscal 2025 revenue of $260 million-$285 million compared to analyst consensus estimate of $279.59 million.
Price Action: GSAT stock is down 2.56% at $20.40 at the last check Tuesday.
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Tech

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Apple Partner Globalstar Teams Up With GCT Semiconductor to Power Satellite Messaging with IoT Chips

Contracts

GCTS

GCT Semiconductor And Globalstar Enters Strategic Partnership To Develop IoT Modules For Two-Way Satellite, Cellular And Band 53 Connectivity

Craig-Hallum analyst George Sutton maintains Globalstar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>) with a Buy and lowers the price target from $75 to $45.

Price Target

Analyst Ratings

Craig-Hallum Maintains Buy on Globalstar, Lowers Price Target to $45

Globestar shares are trading lower after the company reported worse-than-expected Q4 adjusted EPS results.

Press Releases

Globalstar Showcasing Industry Leading Products, Speaking Live at Mobile World Congress Barcelona

Globalstar, Inc. Earnings Release and Call Notice

Globalstar Announces Two-Way Satellite IoT Solution

Globalstar Announces 2024 Financial Results

GCT Semiconductor and Globalstar Partner to Develop IoT Modules for Two-Way Satellite, Cellular and Band 53 Connectivity

Globalstar Expands Capabilities with Opening of New Satellite Operations Control Center in Covington, Louisiana

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