GlobalstarGSAT
GSAT
About: 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. The company generates the vast majority of its revenue within the United States.
Employees: 348
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
165% more call options, than puts
Call options by funds: $9.1M | Put options by funds: $3.44M
40% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 30
37% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 46
13% more capital invested
Capital invested by funds: $424M [Q2] → $478M (+$53.7M) [Q3]
6% more funds holding
Funds holding: 205 [Q2] → 217 (+12) [Q3]
0.36% more ownership
Funds ownership: 20.2% [Q2] → 20.55% (+0.36%) [Q3]
20% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$5
156%
upside
Avg. target
$5
156%
upside
High target
$5
156%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Craig-Hallum George Sutton 79% 1-year accuracy 22 / 28 met price target | 156%upside $5 | Buy Maintained | 4 Nov 2024 |
Financial journalist opinion
Based on 9 articles about GSAT published over the past 30 days
Neutral
Business Wire
1 day ago
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 day on Thursday, December 12, 2024. The Company's executive leadership team outlined Globalstar's strategic priorities and vision for the future by optimizing value for its core assets and providing updates to its short and long-term financial outlook. Additionally, the Company hosted several custom.
Positive
Zacks Investment Research
2 days ago
GSAT & Hawk Networks Team Up to Streamline Access to Band 53 Spectrum
Globalstar's Band 53 Spectrum offers reliability, extensive coverage and flexibility, ideal for fixed wireless, IoT, autonomous vehicles and enterprise operations.
Neutral
Business Wire
3 days ago
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 Networks. Hawk is transforming the way operators access wireless spectrum with a more efficient and flexible approach to utilizing Globalstar's versatile Band 53 spectrum. Globalstar's collaboration with Hawk Networks simplifies access to valuable licensed spectrum by bundling it with core network.
Positive
Zacks Investment Research
5 days ago
Globalstar Uses XCOM RAN for 5G Data Call on Band n53 Spectrum
GSAT's first 5G call on Band n53 delivers unmatched speeds, setting new standards for secure, high-capacity connectivity in critical applications.
Positive
CNBC Television
1 week ago
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.
Neutral
Business Wire
1 week ago
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 band n53™ spectrum, achieving 100 Mbps download and 60 Mbps upload speeds. These increased speeds allow for mission-critical applications such as robotics, autonomous forklifts, augmented reality (AR) applications, and enhanced video abilities to operate seamlessly. The test, conducted using XCOM.
Neutral
Business Wire
2 weeks ago
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 partnership also includes the successful demonstration of Parsons' software-defined satellite communications solution using Globalstar's Low Earth Orbit (LEO) satellite constellation. As the demand for reliable global communication services continues to grow in complex and congested areas, the colla.
Neutral
Business Wire
2 weeks ago
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 States Federal Communications Commission (“FCC” or “the Commission”) has issued a radio station authorization to GUSA Licensee LLC granting it a 15-year renewal of its authority to operate numerous categories of mobile earth terminals with its U.S. and French-licensed NGSO satellites throughout the Unit.
Positive
Seeking Alpha
3 weeks ago
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 attract more institutional investors. I see potential in the IOT segment, which could leverage up to 15% of the new MSS network capacity for IOT applications in a rapidly expanding market.
Positive
Zacks Investment Research
1 month ago
3 Stocks to Watch From the Satellite and Communication Industry
The Zacks Satellite and Communication industry participants like Globalstar (GSAT), Iridium (IRDM) and Telesat (TSAT) are well-poised to gain from increasing proliferation and cheaper access to space technology.
Charts implemented using Lightweight Charts™