Globalstar Expands Satellite Reach With First C-3 Tracking Antenna

Globalstar, Inc. GSAT has announced the successful installation of its first 6-meter tracking antenna for the upcoming C-3 mobile satellite system. This marks the official start of a major global initiative to expand the company’s ground infrastructure as part of its new Extended MSS Network.The newly installed antenna, named Clifton-8, is located at Globalstar’s largest and oldest ground station in Clifton, TX. As the eighth antenna at this facility, Clifton-8 is the first of five new antennas planned at the site to support the C-3 system. This installation signifies a major investment in enhancing the capacity, resilience and future-readiness of Globalstar’s satellite network, which currently supports extensive coverage across the United States, Mexico and Canada.Globalstar, Inc. Price and Consensus Globalstar, Inc. price-consensus-chart | Globalstar, Inc. QuoteOver the coming months, Globalstar plans to roll out more than 90 new antennas across approximately 35 ground stations in 25 countries and territories. The project includes major upgrades to existing infrastructure and the development of entirely new ground stations to strengthen the company’s global connectivity capabilities.This milestone reflects Globalstar’s commitment to delivering high-performance, dependable satellite communications as demand grows for mobile connectivity across industries, regions and remote environments.Globalstar’s Strategic Moves Signal Strong Growth AheadGlobalstar 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.In March 2025, Globalstar officially inaugurated its cutting-edge Satellite Operations Control Center (“SOCC”) at its headquarters in Covington. This milestone represents a major enhancement of Globalstar’s operational capabilities, strengthening its strategic growth as it drives next-generation satellite and connectivity solutions.Also, 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.Steady growth in Service revenues and Subscriber equipment revenues is driving its top-line performance. In the last reported quarter, revenues of $60 million rose 6% year over year, primarily driven by higher service revenues.Globalstar has reiterated its financial outlook for 2025 in the 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 lost 29.9% in the past six months against the Zacks Satellite and Communication industry's growth of 5.5%.Image Source: Zacks Investment ResearchStocks to Consider From the Computer and Technology SpaceSome better-ranked stocks from the broader technology space are NETGEAR, Inc. NTGR, Freshworks Inc. FRSH and Guidewire Software, Inc. GWRE. NTGR and FRSH sport a Zacks Rank #1 (Strong Buy), while GWRE carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.NETGEAR’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 179.12%. In the last reported quarter, NTGR delivered an earnings surprise of 105.71%. Its shares have surged 99.8% in the past year.Freshworks’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 37.32%. In the last reported quarter, FRSH delivered an earnings surprise of 38.46%. Its shares have increased 19.2% in the past year.Guidewire’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing in one, with the average surprise being 37.99%. In the last reported quarter, GWRE delivered an earnings surprise of 91.3%. Its shares have improved 66.3% in the past year.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant 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 NETGEAR, Inc. (NTGR): Free Stock Analysis Report Guidewire Software, Inc. (GWRE): Free Stock Analysis Report Globalstar, Inc. (GSAT): Free Stock Analysis Report Freshworks Inc. (FRSH): 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