Globalstar (NASDAQ:GSAT) Stock

Globalstar

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.

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Globalstar Inc (AMEX:GSAT) shares are falling Wednesday after Apple Inc (NASDAQ:AAPL) teamed up with SpaceX to offer support for the Starlink satellite network on iPhones. 

Why Globalstar Stock Is Tumbling Wednesday

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Manhattan Associates, LendingClub And Other Big Stocks Moving Lower In Wednesday&#39;s Pre-Market Session

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Shares of companies in the broader communication sector are trading lower amid overall market weakness on US consumer and economic concerns.

B. Riley Securities analyst Mike Crawford maintains Globalstar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>) with a Buy, adjusts target to $60 from $4 (1-15 Reverse Stock Split)

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Analyst Ratings

B. Riley Securities Maintains Buy on Globalstar, Adjusts Price Target To $60 from $4 (1-for-15 Reverse Stock Split)

Trading Halt: Halt status updated at 9:40:00 AM ET: Quotation Resumption: New Issue Available

Globalstar shares are trading higher after MDA Space signed a definitive contract with the company to be the prime contractor for the satellite operator's next generation low Earth orbit constellation.

SPACE

General

MDA Space Has Signed A Definitive Contract With Globalstar To Be The Prime Contractor For The Satellite Operator's Next-Generation Low Earth Orbit Constellation, With A Total Contract Value Of Approximately $1.1B

Globalstar shares are trading lower after the company announced a 1-for-15 reverse stock split.

Globalstar Transfers To Nasdaq Global Select Market; Company To Implement A 1-for-15 Reverse Stock Split Effective February 11, 2025

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">AMC Entertainment Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>)</h3>
<ul>
<li>On Dec. 6, 2024, AMC announced a sales agreement for up to 50 million class A shares of common stock. The company' stock fell around 19% over the past month and has a <a href="https://www.benzinga.com/quote/AMC">52-week low of $2.38</a>.</li>
<li>RSI Value: 28.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>AMC Price Action: Shares of AMC fell 2.7% to close at $3.21 on Wednesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent013025&amp;t=be2bearmibe3na1">AMC news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent013025&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="917" height="831" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30055449/image-251.png" alt="" class="wp-image-757740" style="width:620px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30055449/image-251.png 917w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30055449/image-251-300x272.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30055449/image-251-768x696.png 768w" sizes="(max-width: 917px) 100vw, 917px" /></a></figure>
<h3 class="wp-block-heading">Electronic Arts Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Jan. 22, Electronic Arts reported preliminary financial results for the third quarter. EA said it previously anticipated mid-single-digit growth in live services net bookings, but now projects a mid-single-digit decline largely due to a slowdown in Global Football. The Global Football franchise experienced a slowdown in the quarter as early momentum faded, the company said. Separately, Dragon Age only engaged approximately 1.5 million players during the quarter, about 50% lower than the company's expectations. The company's stock fell around 20% over the past month and <a href="https://www.benzinga.com/quote/EA">has a 52-week low </a>of $115.21.</li>
<li>RSI Value: 17.9</li>
<li>EA Price Action: Shares of Electronic Arts gained 0.5% to close at $117.10 on Wednesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the t<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent013025&amp;t=be2bearmibe3na1">rend in EA stoc</a>k. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent013025&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="833" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30055142/image-248.png" alt="" class="wp-image-757728" style="width:578px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30055142/image-248.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30055142/image-248-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30055142/image-248-768x705.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Globalstar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NYSE">GSAT</a>)</h3>
<ul>
<li>On Jan. 21, Globalstar said it intends to voluntarily delist from NYSE American and transfer to Nasdaq. The company has a 52-week <a href="https://www.benzinga.com/quote/GSAT">low of $1.00</a>.</li>
<li>RSI Value: 26</li>
<li>GSAT Price Action: Shares of Globalstar fell 17.8% to close at $1.57 on Wednesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential breakout in <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent013025&amp;t=be2bearmibe3na1">GSAT share</a>s. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent013025&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="872" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30055004/image-247.png" alt="" class="wp-image-757726" style="width:631px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30055004/image-247.png 872w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30055004/image-247-300x288.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30055004/image-247-768x737.png 768w" sizes="(max-width: 872px) 100vw, 872px" /></a></figure>
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Globalstar shares are trading lower following Apple's latest iPhone update, which supports SpaceX's Starlink service.

Globalstar Inc (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#AMEX">GSAT</a>) shares are falling Wednesday after Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) teamed up with SpaceX to offer support for the <a href="https://www.benzinga.com/25/01/43294364/apple-surprises-iphone-users-by-teaming-up-with-spacex-and-t-mobile-to-bring-starlink-satellite-texting-heres-what-you-need-to-know-about-the-new-feature">Starlink satellite network on iPhones</a>.~
What Happened: Apple&#8217;s latest iPhone software update, which was released on Monday, now supports SpaceX&#8217;s Starlink service. According to <a href="https://www.bloomberg.com/news/articles/2025-01-29/apple-and-spacex-link-up-to-support-starlink-satellite-network-on-iphones?embedded-checkout=true">Bloomberg</a>, the companies have been secretly working with T-Mobile US Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) to add the satellite service as an alternative to Apple&#8217;s existing satellite offering. 
Apple already offers a satellite service through its collaboration with Globalstar. Globalstar shares were down more than 25% at last check, per <a href="http://pro.benzinga.com">Benzinga Pro</a>. 
See Also: <a href="https://www.benzinga.com/tech/25/01/43302711/nvidia-hardest-hit-among-mag-7-stocks-by-deepseek-and-this-stock-ranked-second">EXCLUSIVE: Nvidia Hardest Hit Among Mag 7 Stocks By DeepSeek, Poll Shows — And This Stock Ranked Second</a>
People familiar with the matter said when T-Mobile phones lose cellular connectivity, they will now first try to pair with SpaceX satellites. The initial rollout of the service is currently only available in the U.S., while Globalstar&#8217;s offering is available in multiple countries. 
A major difference between the two satellite offerings is that the Globalstar service requires iPhone users to point their phones to the sky to help locate satellites. The report indicates that the Starlink service is expected to work automatically without having to adjust the phone&#8217;s location. 
There has been speculation about whether Apple would offer support for additional satellite networks. After Apple announced a deal with Globalstar in 2022, SpaceX&#8217;s Elon Musk made a post suggesting SpaceX had been in talks with Apple about potentially offering Starlink connectivity. 
SpaceX reportedly requested authorization to begin beta-testing the service on Monday.
GSAT Price Action: <a href="http://benzinga.com/quote/gsat">Globalstar shares</a> were down 17.8% at $1.56 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of SpaceX.

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.4% on Wednesday.
Shares of Manhattan Associates, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) fell sharply in today's pre-market trading following <a href="https://www.benzinga.com/quote/MANH/earnings">soft FY25 guidance.</a>
Manhattan Associates said it sees FY2025 adjusted earnings of $4.45 to $4.55 per share, versus market estimates of $4.91 per share. The company expects sales of $1.060 billion to 1.070 billion, versus projections of $1.14 billion.
Manhattan Associates shares dipped 23.4% to $225.92 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Globalstar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NYSE">GSAT</a>) shares dipped 21.5% to $1.4999 in pre-market trading.</li>
<li>LendingClub Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>) fell 21% to $13.30 in pre-market trading following worse-than-expected reported fourth-quarter EPS results.</li>
<li>Avnet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) shares fell 7.4% to $48.56 in pre-market trading following weak quarterly earnings.</li>
<li>Teva Pharmaceutical Industries Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) fell 6.4% to $20.16 in pre-market trading following fourth-quarter reported financial results.</li>
<li>Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) dipped 6.3% to $35.51 in pre-market trading. Victoria&#8217;s Secret announced that Chief Financial and Administrative Officer Timothy Johnson is retiring in June 2025 and Scott Sekella has been appointed Chief Financial Officer.</li>
<li>Danaher Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) fell 6.2% to $232.54 in pre-market trading after the company reported quarterly adjusted EPS below estimates..</li>
<li>American Axle &amp; Manufacturing Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) fell 6% to $5.47 in pre-market trading. American Axle &amp; Manufacturing and Dowlais announced plans to merge in a $1.44 billion cash-and-stock deal.</li>
</ul>
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<li><a href="https://www.benzinga.com/25/01/43263799/wall-streets-most-accurate-analysts-spotlight-on-3-tech-telecom-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Tech &amp; Telecom Stocks Delivering High-Dividend Yields</a></li>
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Manhattan Associates, LendingClub And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has joined forces with Elon Musk's SpaceX and T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) to bring Starlink satellite texting capabilities to iPhones.
What Happened: Apple has integrated the Starlink satellite network into its latest <a href="https://www.benzinga.com/25/01/43257851/ios-183-released-with-urgent-security-fixes-heres-why-every-iphone-user-should-update-immediately">iPhone software update</a> iOS 18.3, released on Monday, <a href="https://www.bloomberg.com/news/articles/2025-01-29/apple-and-spacex-link-up-to-support-starlink-satellite-network-on-iphones">reported</a> Bloomberg.
T-Mobile has initiated a limited beta test, allowing some iPhone users to experience the Starlink service.
Participants in the beta received messages from T-Mobile, informing them of their inclusion in the Starlink program. The company said that the test will initially support select smartphones, with plans to expand to more devices, the report noted.
See Also: <a href="https://www.benzinga.com/tech/25/01/43221500/ios-18-4-preview-updates-to-siri-more-languages-for-apple-intelligence-and-robot-vacuum-support-everything-we-know-so-far">iOS 18.4 Preview: Updates To Siri, More Languages For Apple Intelligence, And Robot Vacuum Support — Everything We Know So Far</a>
Currently, the Starlink service is limited to texting, but SpaceX and T-Mobile aim to include data and voice capabilities in the future.
The service is available only in the U.S. for now, contrasting with Apple&#8217;s satellite connectivity provider Globalstar (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#AMEX">GSAT</a>) service, which operates in multiple countries.
Why It Matters: This partnership marks a significant shift, as T-Mobile had previously only mentioned Starlink compatibility with Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) devices.&nbsp;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
T-Mobile has also expanded the beta to include some users with Android 15, the newest version of Alphabet Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google's operating system.
Both the Starlink and Apple satellite services are intended for use in remote areas, like hiking trails, where <a href="https://www.benzinga.com/news/23/07/33350183/iphone-14-crash-detection-feature-saves-drivers-life-in-terrifying-400-feet-cliff-fall">cellular coverage is unavailable</a>.
The Apple satellite service is supported on most modern iPhone models, and the company is also planning to introduce it on the Ultra smartwatch later this year, the report noted.
T-Mobile US is set to discuss its fourth-quarter earnings on Wednesday, Jan. 29, 2025. The company&#8217;s <a href="https://www.benzinga.com/news/earnings/24/10/41501756/t-mobile-reports-strong-q3-results-service-revenues-grew-5-yoy-fcf-grew-29-raised-fy24-guidance">third-quarter revenue</a> reached $20.16 billion, surpassing the analyst consensus estimate of $20.01 billion. Apple&#8217;s <a href="https://www.benzinga.com/25/01/43198886/apples-q1-earnings-might-not-miss-a-beat-even-as-iphone-sales-stumble-analyst">first-quarter earnings</a> report is expected on Jan. 30.
Price Action: Apple&#8217;s stock rose by 3.65% on Tuesday, ending the day at $238.26, and saw a further increase of 0.038% in after-hours trading, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>. TMUS&#8217;s stock dropped 0.17% on Tuesday, closing at $221.06, but gained 0.12% in after-hours trading.
Photo Courtesy: Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Tech

Media

SSNLF

Apple Surprises Users With Starlink Beta, Teams Up With Elon Musk's SpaceX And T-Mobile To Bring Satellite Texting For iPhone Users In iOS 18.3

NXPL

Global Telesat Communications Has Seen Sales Of Globalstar SPOT And Satellite IoT Devices Dramatically Increase, A 35% Boost Compared To The Same Period In 2023

This is subject to the completion of the Reverse Stock Split.

Globalstar Intends To Voluntarily Delist From NYSE American And Transfer To Nasdaq

Globalstar's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NYSE">GSAT</a>) short percent of float has risen 9.02% since its last report. The company recently reported that it has 32.30 million shares sold short, which is 4.35% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.15 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Globalstar Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737129616_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Globalstar has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Globalstar's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Globalstar's peer group average for short interest as a percentage of float is 6.30%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Globalstar?

Globalstar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NYSE">GSAT</a>), the next-generation mobile satellite and communications services provider, announced today Peiker Holding Gmbh and Globalstar have entered a strategic partnership to bring satellite-based emergency services and telematics capabilities to the automotive industry.
For decades, Peiker has been a leading provider of connectivity modules for use in vehicles that enable fast and reliable data transmission on the road. Peiker trailblazed the path to today's emergency call (eCall) services with its Polestar product, a telematics system based on mobile phones that tracks vehicles using GPS.
Globalstar has been saving lives with its SPOT satellite messengers for two decades, recently celebrating over 10,000 rescues as well as providing emergency services in the direct-to-device industry with its wholesale customer.

Peiker Holding GmbH And Globalstar Form Strategic Partnership To Bring Satellite-Based Emergency Services And Telematics Capabilities To Automotive OEMs

Globalstar's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NYSE">GSAT</a>) short percent of float has risen 6.68% since its last report. The company recently reported that it has 30.12 million shares sold short, which is 3.99% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.05 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Globalstar Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735676122_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Globalstar has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Globalstar's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Globalstar's peer group average for short interest as a percentage of float is 5.50%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Globalstar's Recent Short Interest

Financial Performance &amp; Outlook:
<ul>
<li>Reiterated full year 2024 revenue guidance range to $245-250 million and Adjusted EBITDA margin to 54%</li>
<li>Introduced full year 2025 revenue guidance of $260-285 million and Adjusted EBITDA margin of ~50%, driven by incremental strategic investments in terrestrial network and other long-term growth initiatives</li>
<li>Longer term, the Company expects revenue to more than double to over $495 million, with Adjusted EBITDA margins in excess of 54% in the first full year of extend MSS network service
<ul>
<li>Additional upside potential from terrestrial spectrum and XCOM RAN.</li>
</ul>
</li>
</ul>

Guidance

Globalstar Outlines Growth Strategy And Financial Outlook At Investor Day; Reiterates FY24 Revenue Guidance Range To $245M-$250M And Adjusted EBITDA Margin To 54%; Introduces FY25 Revenue Guidance Of $260M-$285M; Adj EBITDA Margin Of 50%

Globalstar shares are trading higher following stock  purchases by a company director.

Hawk Networks Collaborates With Globalstar To Simplify Access To Licensed Spectrum.

Press Releases

Peiker Holding GmbH and Globalstar Announce Strategic Partnership to Bring Satellite-based Emergency Services and Telematics Capabilities to Automotive OEMs

Globalstar Announces Intention to Voluntarily Delist from NYSE American and Transfer to Nasdaq Upon Completion of Reverse Stock Split

Globalstar Partner Global Telesat Communications Sees Massive 35% YoY Growth in SPOT and Satellite IoT Device Sales in 2024

Globalstar Transfers to Nasdaq Global Select Market

MDA SPACE SIGNS $1.1B CONTRACT WITH GLOBALSTAR TO BUILD NEXT GENERATION LEO CONSTELLATION

Globalstar Rang Nasdaq Opening Bell on February 11, 2025

Globalstar Receives 2024 IoT Excellence Award

Comtech Appoints David B. Kagan to its Board of Directors

Globalstar Showcasing Industry Leading Products, Speaking Live at Mobile World Congress Barcelona

Globalstar, Inc. Earnings Release and Call Notice

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