Profile
Sector:
Communication ServicesIndustry:
Telecom ServicesCountry:
United StatesIPO:
02 November 2006Website:
http://www.globalstar.comNext earnings report:
02 August 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | 4 min agoDividend
Analysts recommendations
Institutional Ownership
GSAT Latest News
Global security threats and increasing defense budgets bode well for Zacks Satellite and Communication industry participants like Iridium (IRDM), Globalstar (GSAT) and SES S.A. (SGBAF).
Globalstar, Inc. (GSAT) Q4 2023 Earnings Call Transcript
Penny stocks are highly speculative equities priced under $5 per share. They grab attention for their rapid rally potential even if the risks give most investors pause.
Globalstar reported positive Q3 2023 earnings with a 53% increase in total revenue and a 17% gain in Commercial IoT Services revenue. The company's future guidance estimates a 45-55% increase in revenue for 2023 and a 55% adjusted EBITDA margin, which could eventually lead to positive net income. However, Globalstar continues to struggle with net losses due to interest expenses and foreign currency losses, and its valuation is too high.
Globalstar, Inc. (NYSE:GSAT ) Q3 2023 Earnings Conference Call November 2, 2023 9:00 AM ET Company Participants Paul Jacobs - CEO Rebecca Clary - VP & CFO Timothy Taylor - VP, Finance, Business Operations & Strategy and Director Kyle Pickens - VP, Strategy and Communications Conference Call Participants Simon Flannery - Morgan Stanley Michael Crawford - B. Riley Securities George Sutton - Craig-Hallum Capital Group Walter Piecyk - LightShed Partners Operator Good day, and thank you for standing by.
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), a next-generation telecommunications infrastructure and technology provider, today announced that members of the Company's executive team will be participating in the following investor conferences: The Deutsche Bank Global Space Summit, Wednesday, November 15, 2023. The Raymond James TMT and Consumer Conference, Monday, December 4, 2023. The Morgan Stanley 6th Annual Space Summit, Tuesday, December 5, 2023. Investors inte.
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Former Qualcomm CEO and another former Qualcomm heavyweight join Globalstar. GSAT's technical chart shows a bullish breakaway gap, indicating potential upside momentum. Positive operating profit and strong top-line performance suggest aggressive growth for Globalstar.
Shares of mobile satellite communications specialist Globalstar (NYSEMKT: GSAT ) – which focuses on providing communication channels in areas outside traditional cellular network coverage – jumped sharply on Tuesday. Undergirding sentiment was the announcement earlier that former Qualcomm (NASDAQ: QCOM ) CEO and Executive Chairman Paul E.
Globalstar (GSAT) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to loss of $0.01 per share a year ago.
What type of business is Globalstar?
Globalstar, Inc. provides mobile satellite services worldwide. 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; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment. It also provides SPOT consumer retail products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Internet of Things one-way transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets. Further, it sells wholesale minutes to independent gateway operators (IGOs); and provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company distributes its products directly, as well as through independent agents, dealers and resellers, retailers, IGOs, and sales force and e-commerce Website. As of December 31, 2020, it had approximately 745,000 subscribers. The company primarily serves recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, construction, utilities, and transportation, as well as natural resources, mining, and forestry markets. Globalstar, Inc. has a strategic alliance with XCOM Labs to jointly commercialize XCOM's capacity-multiplying technology with Globalstar's Band n53 for 5G deployments in the United States and other countries where Globalstar has terrestrial rights. The company was founded in 1993 and is headquartered in Covington, Louisiana.
What sector is Globalstar in?
Globalstar is in the Communication Services sector
What industry is Globalstar in?
Globalstar is in the Telecom Services industry
What country is Globalstar from?
Globalstar is headquartered in United States
When did Globalstar go public?
Globalstar initial public offering (IPO) was on 02 November 2006
What is Globalstar website?
https://www.globalstar.com
Is Globalstar in the S&P 500?
No, Globalstar is not included in the S&P 500 index
Is Globalstar in the NASDAQ 100?
No, Globalstar is not included in the NASDAQ 100 index
Is Globalstar in the Dow Jones?
No, Globalstar is not included in the Dow Jones index
When does Globalstar report earnings?
The next expected earnings date for Globalstar is 02 August 2024