Imperial Capital initiated coverage on Globalstar with a new price target
$GSAT
Telecommunications Equipment
Consumer Discretionary
Imperial Capital initiated coverage of Globalstar with a rating of Outperform and set a new price target of $7.79
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/4/2023 | $7.79 | Outperform | Imperial Capital |
| 5/3/2023 | $1.75 → $0.97 | Underweight → Equal-Weight | Morgan Stanley |
| 10/31/2022 | $5.00 | Buy | Craig Hallum |
Multiple recent contract awards position company for significant government revenue growth 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. Recent contract awards and expanding government solutions capabilities include: Sat
Expansion will support Globalstar's third-generation C-3 mobile satellite system and next-generation mobile satellite services across Southeast Asia 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). Singtel has hosted Globalstar's ground station facilities in Singapore since 2008. The announced construction will add two additional 6-meter tracking antennas that will support Globalstar's C-3 mobile satellite system and expanded service offerings across Southeast A
Reports revenue increase; reaffirms financial outlook Generated second quarter 2025 revenue of $67.1 million, an 11% increase over the prior-year period driven by higher wholesale capacity services and Commercial IoT revenue Entered into a launch services agreement with SpaceX for the launch of the second set of replacement satellites under construction by MDA Space pursuant to our 2022 satellite procurement agreement Announced that the Federal Communications Commission (FCC) Space Bureau accepted for filing Globalstar's C-3 petition to advance our mobile satellite services (MSS) network expansion Globalstar, Inc. (NASDAQ:GSAT) ("Globalstar" or the "Company") today announced its
Imperial Capital initiated coverage of Globalstar with a rating of Outperform and set a new price target of $7.79
Morgan Stanley upgraded Globalstar from Underweight to Equal-Weight and set a new price target of $0.97 from $1.75 previously
Craig Hallum initiated coverage of Globalstar with a rating of Buy and set a new price target of $5.00
4 - Globalstar, Inc. (0001366868) (Issuer)
4 - Globalstar, Inc. (0001366868) (Issuer)
4 - Globalstar, Inc. (0001366868) (Issuer)
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February 18, 2025-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced that the Comtech Board of Directors (the "Board") has appointed David (Dave) B. Kagan as an independent director to the Board, effective February 13, 2025. Mr. Kagan has deep experience leading satellite communications companies over the course of his career, which spans more than 35 years. Most recently, he served as CEO of Globalstar, where he drove significant top and bottom line improvements. He also expanded Globalstar's services beyond the legacy of one-way messaging and GPS to focus on satellite IoT and was a key contributor in s
Liquid Intelligent Technologies (Liquid), a business of Cassava Technologies, a leading technology group, is pleased to announce a strategic partnership with American connectivity innovator Globalstar to deliver advanced 5G connectivity solutions across Africa, the Middle East, and the Gulf. Strive Masiyiwa, founder and Chairman of Liquid Intelligent Technologies said, "I'm really excited by the connectivity solutions now emerging from breakthroughs in 5G private networks technologies. With this technology we are now able to provide services to large businesses like mines with their own 5G private networks that can also enable NextGen services like AI; this is huge." The partnership wil
Ben Wolff Re-joins Executive Team as Executive Vice Chairman Sarcos Technology and Robotics Corporation ("Sarcos") (NASDAQ:STRC), a technology leader in advanced robotic systems, solutions, and software that redefine human possibilities, today announced that the Company's interim President and Chief Executive Officer, Laura Peterson, has been appointed to serve as the Company's permanent President and Chief Executive Officer. The Company also announced that Sarcos co-founder, current director and former Chief Executive Officer, Ben Wolff, has re-joined the executive team as Executive Vice Chairman. Peterson has served as interim President and Chief Executive Officer since May 2023 and h
Reports revenue increase; reaffirms financial outlook Generated second quarter 2025 revenue of $67.1 million, an 11% increase over the prior-year period driven by higher wholesale capacity services and Commercial IoT revenue Entered into a launch services agreement with SpaceX for the launch of the second set of replacement satellites under construction by MDA Space pursuant to our 2022 satellite procurement agreement Announced that the Federal Communications Commission (FCC) Space Bureau accepted for filing Globalstar's C-3 petition to advance our mobile satellite services (MSS) network expansion Globalstar, Inc. (NASDAQ:GSAT) ("Globalstar" or the "Company") today announced its
Globalstar, Inc. (NASDAQ:GSAT) will announce its second quarter 2025 financial and operating results on Thursday, August 7, 2025 after the market closes. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Thursday, August 7, 2025 at 5:00 p.m. Eastern Time (ET) to discuss these results. Details are as follows: Earnings Call: The earnings call will be available via webcast from the following link. Webcast Link: https://edge.media-server.com/mmc/p/edgptfvv To participate in the earnings call via teleconference, participants should register at the following link to
First quarter 2025 revenue increased 6% to $60.0 million, driven by strength in wholesale capacity services Announced launch of two-way satellite commercial IoT solution with mass production expected in the second quarter of 2025 Introduced new state-of-the-art Satellite Operations Control Center (SOCC) at Globalstar's headquarters Globalstar, Inc. (NASDAQ:GSAT) ("Globalstar" or the "Company") today announced its financial results for the first quarter ended March 31, 2025. "Our first quarter results are in-line with our expectations with revenue increasing 6% to $60.0 million. Net loss for the quarter was $17.3 million, driven predominantly by non-cash items. Adjusted EBITDA* was $
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