Globalstar Enhances Capabilities With New Satellite Control Center

Globalstar, Inc. GSAT officially inaugurated its cutting-edge Satellite Operations Control Center (“SOCC”) at its headquarters in Covington, LA, on March 17. This milestone represents a major enhancement of Globalstar’s operational capabilities, strengthening its strategic growth as it drives next-generation satellite and connectivity solutions.The SOCC is a crucial investment in Globalstar’s future, facilitating superior satellite fleet management, optimizing network performance and laying the groundwork for new satellite constellations that will reinforce the company’s dominance in global satellite communications.Globalstar, Inc. Price and Consensus Globalstar, Inc. price-consensus-chart | Globalstar, Inc. QuoteSince establishing its headquarters in Covington in 2010, Globalstar has played a pivotal role in fostering technological innovation in the region. With more than 60% of its workforce based locally, the company plans to expand further, aiming to create 75 new jobs in Louisiana by the end of 2025.Recently, the company teamed up with GCT Semiconductor Holding to engineer two-way satellite messaging systems for its mobile devices and modules. The initiative integrates GCTS’ cutting-edge IoT and 4G/5G semiconductor technology into Globalstar’s next-generation product suite.On Feb. 26, 2025, Globalstar launched an advanced two-way satellite IoT solution using its low Earth orbit (LEO) satellite constellation. Its RM200M is the first satellite module to feature integrated GNSS, Bluetooth, an accelerometer and an application processor, enabling advanced two-way communication. It leverages LEO satellites for global, resilient connectivity, supports edge computing and allows seamless cellular integration.Globalstar’s Strategic Initiatives Bode WellGlobalstar offers satellite voice and data services to commercial and recreational users in more than 120 countries worldwide. Its products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages.The company’s efforts to boost the development of its spectrum and wholesale capacity services (especially within government and consumer verticals) bode well. GSAT’s Band n53 is a steady and growing spectrum resource without borders, gaining momentum as a critical enabler of 5G innovation.Steady growth in Service revenues and Subscriber equipment revenues are driving its top-line performance. In the last reported quarter, revenues of $61.2 million rose 16.7% year over year. However, it incurred a loss of 42 cents per share, wider than the loss of 14 cents in the year-ago quarter.Globalstar has reiterated its financial outlook for 2025, expecting total revenues to range between $260 million and $285 million. The company anticipates maintaining an adjusted EBITDA margin of approximately 50%.Globalstar’s Zacks Rank & Stock Price PerformanceGlobalstar currently carries a Zacks Rank #4 (Sell). Its shares have declined 5.1% in the past year against the Zacks Satellite and Communication industry's growth of 37.1%.Image Source: Zacks Investment ResearchStocks to Consider From the Computer and Technology SpaceSome better-ranked stocks from the broader technology space are Unity Software Inc. U, Iridium Communications Inc. IRDM and Gilat Satellite Networks Ltd. GILT. U, IRDM and GILT each carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.Unity Software’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 65.52%. In the last reported quarter, U delivered an earnings surprise of 14.29%. The company’s long-term earnings growth rate is 5.7%. Its shares have risen 5.8% in the past six months.Iridium’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 35.22%. In the last reported quarter, IRDM delivered an earnings surprise of 93.75%. Its shares have advanced 3.7% in the past year.The Zacks Consensus Estimate for Gilat’s 2025 earnings per share is pegged at 50 cents, unchanged in the past 30 days. In the last reported quarter, GILT delivered an earnings surprise of 7.14%. Its shares have jumped 44.7% in the past six months.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Iridium Communications Inc (IRDM): Free Stock Analysis Report Gilat Satellite Networks Ltd. (GILT): Free Stock Analysis Report Globalstar, Inc. (GSAT): Free Stock Analysis Report Unity Software Inc. (U): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks