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Globalstar ( (GSAT) ) has shared an announcement.
Globalstar has announced plans for an analyst and investor day, revealing strategic updates and growth opportunities, including reaffirming financial guidance for 2024 and introducing forecasts for 2025. The company highlighted its recent achievements, such as expanded terrestrial spectrum authority in Mexico and the commercial availability of its XCOM RAN 5G network, signifying its strengthened market position and commitment to innovation in satellite communications.
More about Globalstar
Globalstar, Inc. is a leading provider in the mobile satellite and communications industry, offering connectivity solutions across multiple sectors such as government, IoT, and consumer markets. With a presence in over 120 countries and a legacy of more than 30 years, Globalstar operates an extensive ground infrastructure and holds significant spectrum rights, including the Band n53, which supports both satellite and terrestrial applications.
YTD Price Performance: 14.43%
Average Trading Volume: 17,969,650
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $4.2B
See more data about GSAT stock on TipRanks’ Stock Analysis page.
