At the Investor Day 2024 event, Globalstar shared a roadmap for its future growth by capitalizing on its core assets and provided updated financial outlook.
Globalstar's Band 53 Spectrum offers reliability, extensive coverage and flexibility, ideal for fixed wireless, IoT, autonomous vehicles and enterprise operations.
GSAT's first 5G call on Band n53 delivers unmatched speeds, setting new standards for secure, high-capacity connectivity in critical applications.
Paul Jacobs, Globalstar CEO, joins 'Closing Bell Overtime' to talk its partnership with Apple, where it sees growth opportunity, and more.
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.
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.
Globalstar NYSEAMERICAN: GSAT is a stock that had fallen by the wayside for many investors throughout 2024, until recently. Shares were down 45% through the end of October.
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 a specialized B2B marketplace shows high-growth potential to Bert Hochfeld, making it a promising investment. Grassroots Trading argues that Boston Scientific's acquisition of Axonics enhances its urology offerings, positioning it strongly in the sacral neuromodulation field.
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 - LightShed Partners Simon Flannery - Morgan Stanley Logan Lillehaug - Craig-Hallum Griffin Boss - B. Riley Securities Operator Good day and thank you for standing by.
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 additional high-margin revenue in time. XCOM and Globalstar's terrestrial spectrum should also provide a substantial growth boost in coming years.
The satellite company will deliver expanded services to Apple over a new mobile services network, the company said Friday.
GSAT's Band 53 drives mission-critical applications with CBRS carrier aggregation through a strategic partnership with other tech innovators.