Copyright Benzinga
Shares of Globalstar Inc (NASDAQ:GSAT) are trading higher Friday morning after the company posted strong third-quarter financial results that beat analyst expectations. GSAT is in a favorable position. See the trading setup here. What To Know: The satellite-connectivity provider announced late Thursday that it achieved a record quarterly revenue of $73.8 million. This figure surpassed the consensus estimate of $68.67 million, driven by higher wholesale capacity services and strong subscriber equipment sales. EPS also delivered a beat, coming in at a 1 cent loss versus analyst expectations of a loss of 3 cents. CEO Dr. Paul E. Jacobs highlighted “significant progress” and strong market traction for its product portfolio. Operationally, Globalstar advanced its next-generation C-3 satellite system and received an initial order from a new warehouse automation customer for its XCOM RAN technology. The company reaffirmed its full-year 2025 financial outlook, maintaining projections for total revenue between $260 million and $285 million and an Adjusted EBITDA margin of approximately 50% . Benzinga Edge Rankings: According to Benzinga Edge Rankings, GSAT is showing exceptionally strong Momentum with a score of 94.52. GSAT Price Action: Globalstar shares were marginally higher at $48.57 at the time of publication on Friday, according to Benzinga Pro data. Read Also: Elon Musk’s Trillion-Dollar Pay Package Approved By Tesla Shareholders Amid AI, Robotics Push How To Buy GSAT Stock Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. For example, in Globalstar’s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment. Image: Shutterstock
