Globalstar is a telecommunications company that specializes in satellite communication services. It provides voice and data services to a wide range of customers, including individuals, businesses, and government agencies, particularly in remote and rural areas where traditional cellular service is unavailable or unreliable. The company operates a constellation of low Earth orbit satellites that facilitate global connectivity and enable users to communicate via satellite phones, GPS tracking, and various Internet of Things (IoT) applications. Globalstar's technology plays a crucial role in enhancing communication capabilities across diverse industries, including agriculture, maritime, and energy. Read More
What a time it’s been for Globalstar. In the past six months alone, the company’s stock price has increased by a massive 69.3%, reaching $36.78 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
U.S. stocks closed higher on Monday, with the Dow Jones Industrial Average up 0.25% at 45,514.95, the S&P 500 advancing 0.2% to 6,495.15, and the Nasdaq climbing 0.45% to 21,798.69. These are the top stocks that gained the attention of retail traders and investors throughout the day.
Shares of satellite communications provider Globalstar (NASDAQ:GSAT) jumped 17.8% in the morning session after the company announced a significant expansion of its global ground infrastructure to support its next-generation mobile satellite network.
Globalstar, Inc. (Nasdaq: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, today announced that members of the Company will be participating at the following upcoming conferences:
As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the telecommunication services industry, including Globalstar (NASDAQ:GSAT) and its peers.
Shares of satellite communications provider Globalstar (NASDAQ:GSAT) jumped 4.8% in the afternoon session after a major deal was announced by a peer company.
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
While profitability is essential, it doesn’t guarantee long-term success.
Some companies that rest on their margins will lose ground as competition intensifies - as Jeff Bezos said, "Your margin is my opportunity".
Investors looking for hidden gems should keep an eye on small-cap stocks because they’re frequently overlooked by Wall Street.
Many opportunities exist in this part of the market, but it is also a high-risk, high-reward environment due to the lack of reliable analyst price targets.
A number of stocks fell in the afternoon session after investors took some profits off the table as markets awaited signals on future monetary policy from the Federal Reserve's Jackson Hole symposium later in the week.
Looking back on telecommunication services stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including Iridium (NASDAQ:IRDM) and its peers.
Globalstar (NASDAQ: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, today announced significant momentum in the government market through multiple recent contract awards and strategic partnerships. Leveraging its Low Earth Orbit (LEO) satellite constellation, licensed spectrum assets, and advanced networking technologies, Globalstar is delivering mission-critical communications solutions for defense and other government agencies and applications.
Shares of satellite communications provider Globalstar (NASDAQ:GSAT) jumped 3.5% in the morning session after the company announced it has started construction to expand its ground station in Singapore. The satellite communications company announced that construction has started on an expansion of its ground station in Singapore. This project will add two new 6-meter tracking antennas to support its third-generation C-3 mobile satellite system (MSS). The development builds upon a 17-year partnership with Singtel, which hosts the facilities, and is expected to enable expanded service offerings across Southeast Asia. This operational news follows a strong second-quarter financial report from August 8, where Globalstar beat revenue expectations and reported a significant increase in net income, returning to profitability. The combination of strong recent performance and strategic expansion appears to be boosting investor confidence.
Globalstar, Inc. (NASDAQ: GSAT), a next-generation telecommunications infrastructure and technology provider, today announces that construction has commenced to expand the size of the ground station in Singapore to support its third-generation C-3 mobile satellite system (MSS).
Satellite communications provider Globalstar (NASDAQ:GSAT) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 11.2% year on year to $67.15 million. The company’s full-year revenue guidance of $272.5 million at the midpoint came in 4.4% above analysts’ estimates. Its non-GAAP profit of $0.04 per share was significantly above analysts’ consensus estimates.
