We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
GSAT Expands South Korea Ground Station for Satellite Connectivity
Read MoreHide Full Article
Key Takeaways
GSAT installed three six-meter C-3 tracking antennas, boosting service redundancy and resilience.
GSAT's C-3 rollout spans 15 sites across 9 countries, with plans for up to 90 new tracking antennas worldwide.
Globalstar reaffirmed its 2025 outlook, targeting $260-$285M revenue and about a 50% adjusted EBITDA margin.
Globalstar, Inc.(GSAT - Free Report) continues to strengthen its global satellite infrastructure with the installation of three new six-meter C-3 tracking antennas at its ground station in Yeo Ju, South Korea. The expansion reflects the company’s long-term commitment to building a high-capacity, resilient network designed to support the next wave of mobile satellite services.
For more than 20 years, Globalstar has provided mobile satellite services across East Asia through its Yeo Ju ground station. The addition of three C-3 tracking antennas significantly enhances the site’s capabilities, improving service quality, redundancy and operational resilience. These upgrades are critical as demand grows for advanced satellite-based services, including Internet of Things (IoT) connectivity and direct-to-device (D2D) communications. By strengthening essential network elements at Yeo Ju, GSAT is ensuring the ground station remains a high-performance regional hub well into the future.
The Yeo Ju installation is part of Globalstar’s broader rollout of its third-generation C-3 Satellite System. Construction projects tied to the C-3 system are now underway at 15 locations across nine countries and four continents, highlighting the global scale of the initiative. In total, Globalstar plans to deploy up to 90 new tracking antennas worldwide as part of the C-3 system expansion. This investment is aimed at boosting network capacity, improving reliability and future-proofing the company’s satellite architecture to support new use cases and a rapidly expanding user base.
The enhanced ground infrastructure will play a critical role in enabling seamless satellite connectivity for hundreds of millions of people, supporting applications that range from asset tracking and industrial IoT to consumer devices and emergency communications.
GSAT Reaffirms 2025 Revenue Target, Boosts IoT & XCOM RAN
XCOM RAN continues to gain traction on the private wireless front. During the third quarter, Globalstar received an initial order from a new XCOM RAN customer, supporting a next-generation robotics application and a meaningful expansion of the program. XCOM RAN is well-positioned to enable reliable, secure connectivity for warehouse and factory automation, where consistent performance is critical. The solution delivers clearly differentiated performance versus industrial Wi-Fi and offers improved economics for large-area deployments. Apart from warehouse automation, GSAT is targeting new use cases that could significantly expand XCOM RAN’s addressable market.
Management remains confident in the company’s direction, citing record revenue growth, strong IoT and equipment sales and successful launches of new technologies like the two-way RM200M module and XCOM RAN. With solid liquidity, expanding infrastructure and a diverse product lineup, the company is focused on meeting its 2025 financial targets and strengthening its role in satellite and terrestrial connectivity.
Globalstar’s revenues are growing in key strategic areas, generating strong operating cash flow, and managing costs while investing for the future. Based on current performance and expectations for the rest of the year, the company reaffirmed its full-year 2025 outlook, with revenues of $260–$285 million and an adjusted EBITDA margin of about 50%.
Globalstar’s Zacks Rank & Stock Price Performance
Globalstar currently has a Zacks Rank #3 (Hold). Its shares have gained 127.9% in the past year compared with the Zacks Satellite and Communication industry's growth of 246.7%.
Image Source: Zacks Investment Research
Stocks to Consider From the Computer and Technology Space
UI’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 54.15%. In the last reported quarter, Ubiquiti delivered an earnings surprise of 39.52%. Its shares have surged 57.9% in the past year.
Motorola’s earnings beat the consensus estimate in each of the trailing four quarters, with the average surprise being 5.5%. MSI’s long-term earnings growth rate is 9.07%. Its shares have declined 16.2% in the past year.
Clearfield’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 92.47%. In the last reported quarter, CLFD delivered an earnings surprise of 44.44%. Its shares have declined 10.9% over the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
GSAT Expands South Korea Ground Station for Satellite Connectivity
Key Takeaways
Globalstar, Inc.(GSAT - Free Report) continues to strengthen its global satellite infrastructure with the installation of three new six-meter C-3 tracking antennas at its ground station in Yeo Ju, South Korea. The expansion reflects the company’s long-term commitment to building a high-capacity, resilient network designed to support the next wave of mobile satellite services.
For more than 20 years, Globalstar has provided mobile satellite services across East Asia through its Yeo Ju ground station. The addition of three C-3 tracking antennas significantly enhances the site’s capabilities, improving service quality, redundancy and operational resilience. These upgrades are critical as demand grows for advanced satellite-based services, including Internet of Things (IoT) connectivity and direct-to-device (D2D) communications. By strengthening essential network elements at Yeo Ju, GSAT is ensuring the ground station remains a high-performance regional hub well into the future.
The Yeo Ju installation is part of Globalstar’s broader rollout of its third-generation C-3 Satellite System. Construction projects tied to the C-3 system are now underway at 15 locations across nine countries and four continents, highlighting the global scale of the initiative. In total, Globalstar plans to deploy up to 90 new tracking antennas worldwide as part of the C-3 system expansion. This investment is aimed at boosting network capacity, improving reliability and future-proofing the company’s satellite architecture to support new use cases and a rapidly expanding user base.
The enhanced ground infrastructure will play a critical role in enabling seamless satellite connectivity for hundreds of millions of people, supporting applications that range from asset tracking and industrial IoT to consumer devices and emergency communications.
GSAT Reaffirms 2025 Revenue Target, Boosts IoT & XCOM RAN
XCOM RAN continues to gain traction on the private wireless front. During the third quarter, Globalstar received an initial order from a new XCOM RAN customer, supporting a next-generation robotics application and a meaningful expansion of the program. XCOM RAN is well-positioned to enable reliable, secure connectivity for warehouse and factory automation, where consistent performance is critical. The solution delivers clearly differentiated performance versus industrial Wi-Fi and offers improved economics for large-area deployments. Apart from warehouse automation, GSAT is targeting new use cases that could significantly expand XCOM RAN’s addressable market.
Management remains confident in the company’s direction, citing record revenue growth, strong IoT and equipment sales and successful launches of new technologies like the two-way RM200M module and XCOM RAN. With solid liquidity, expanding infrastructure and a diverse product lineup, the company is focused on meeting its 2025 financial targets and strengthening its role in satellite and terrestrial connectivity.
Globalstar’s revenues are growing in key strategic areas, generating strong operating cash flow, and managing costs while investing for the future. Based on current performance and expectations for the rest of the year, the company reaffirmed its full-year 2025 outlook, with revenues of $260–$285 million and an adjusted EBITDA margin of about 50%.
Globalstar’s Zacks Rank & Stock Price Performance
Globalstar currently has a Zacks Rank #3 (Hold). Its shares have gained 127.9% in the past year compared with the Zacks Satellite and Communication industry's growth of 246.7%.
Image Source: Zacks Investment Research
Stocks to Consider From the Computer and Technology Space
Some better-ranked stocks from the broader technology space are Ubiquiti Inc. (UI - Free Report) , Motorola Solutions (MSI - Free Report) and Clearfield, Inc. (CLFD - Free Report) . UI & CLFD sport a Zacks Rank #1 (Strong Buy), while MSI carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
UI’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 54.15%. In the last reported quarter, Ubiquiti delivered an earnings surprise of 39.52%. Its shares have surged 57.9% in the past year.
Motorola’s earnings beat the consensus estimate in each of the trailing four quarters, with the average surprise being 5.5%. MSI’s long-term earnings growth rate is 9.07%. Its shares have declined 16.2% in the past year.
Clearfield’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 92.47%. In the last reported quarter, CLFD delivered an earnings surprise of 44.44%. Its shares have declined 10.9% over the past year.