옵션 체인은 다양한 행사가격과 만기일에 대한 Globalstar의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Globalstar에 대한 시장 심리를 평가합니다..

Globalstar (AMEX:GSAT) 주식, 옵션 체인

Globalstar

Globalstar Inc is a telecommunications company that derives revenue from the provision of mobile satellite services. Mobile satellite services are typically used by customers where existing terrestrial wireline and wireless communications networks are impaired or do not exist. The company provides communications services such as two-way voice and data transmission. In addition, one-way data transmission is also offered. Both services are offered using mobile or fixed devices. The company is an owner of satellite assets. The company generates the vast majority of its revenue within the United States.

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글로벌스타(AMEX:GSAT)의 주식은 회사가 금요일에 애플(NASDAQ:AAPL)과 새로운 모바일 위성 서비스(MSS) 네트워크를 구축하고 출시하기 위한 연장 서비스 계약을 발표한 후 월요일 급등했다.

글로벌스타의 주식이 월요일 약 32% 급등: 무슨 일이?

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이들 7개 중형주는 지난주 최고의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 1. 마드리갈 파마슈티컬스(NASDAQ:MDGL)의 주식은 회사가 예상보다 좋은 실적을 발표한 후 51.70% 상승했다.

글로벌스타와 넥스트래커는 지난주 최고 성과를 보여준 7개 중형주 중 일부 (10월 28일-11월 1일)

Globalstar Inc

Globalstar Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#AMEX">GSAT</a>) shares are trading higher Monday after the company on Friday announced an extended services agreement with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), which includes plans to build and launch a new <a href="https://www.benzinga.com/news/24/11/41688837/apple-satellite-connectivity-provider-globalstar-stock-surges-after-deal-extension">mobile satellite services (MSS) network. </a>
What To Know: Under the new terms of the updated services agreement, Apple will prepay up to $1.1 billion to Globalstar, funding the construction, launch and operation of the new MSS network. 
The funding will cover costs for new satellites, expanded ground facilities and broader MSS licensing globally. Apple will also invest $400 million to acquire a 20% stake in Globalstar's newly created subsidiary, Globalstar Licensee, which will own and operate the MSS network.
The partnership includes provisions for Globalstar to earn incremental service fees from Apple, which will increase based on performance milestones, regulatory achievements and other service conditions. Apple also agreed to pay Globalstar an annual service fee of $30 million, which will increase over time as the new network becomes operational.
Apple's equity in the MSS network will be structured to allow quarterly redemptions once the full prepayment has been repaid. Additionally, Globalstar can repurchase Apple's stake under certain conditions, while Apple has the option to redeem its shares if specific contract terms are not met by Globalstar.
In an effort to support Globalstar's financial stability, the revised agreement also adjusts Globalstar&#8217;s 2023 funding terms. These adjustments include removing cash sweeps, deferring repayment dates to 2026 and easing certain loan conditions. 
In the second quarter of 2024, Globalstar reported revenue growth of 10% as sales climbed to $60.4 million. The company's adjusted EBITDA for the quarter was $32.6 million. Globalstar projected its revenue for the year to come in between $235 million and $250 million, versus consensus estimates of $237.5 million.
Globalstar is scheduled to report <a href="https://www.benzinga.com/calendars/earnings">third-quarter financial results</a> after the market close on Thursday. Analysts expect the company to report quarterly revenue of $60.34 million, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
GSAT Price Action: <a href="http://benzinga.com/quote/gsat">Globalstar shares</a> were up 30.4% at $1.80 at the time of writing, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro</a>.
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="535" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04141015/GSAT-1-1024x535.png" alt="" class="wp-image-628693" style="width:380px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04141015/GSAT-1-1024x535.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04141015/GSAT-1-300x157.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04141015/GSAT-1-768x401.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04141015/GSAT-1.png 1171w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Image Via Shutterstock.

Globalstar Stock Is Surging Monday: What's Going On?

WIIM

Globalstar shares are trading higher after the company on Friday amended its services agreement with Apple to launch an extended MSS network with new satellites and infrastructure.

Craig-Hallum analyst George Sutton maintains Globalstar (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#AMEX">GSAT</a>) with a Buy and raises the price target from $4 to $5.

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Analyst Ratings

Craig-Hallum Maintains Buy on Globalstar, Raises Price Target to $5

U.S. stocks were lower, with the Dow Jones index falling around 300 points on Monday.
Shares of Integra LifeSciences Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IART#NASDAQ">IART</a>) rose sharply during Monday's session after the company reported better-than-expected third-quarter financial results.
Integra Lifesciences reported quarterly earnings of 41 cents per share which beat the analyst consensus estimate of 39 cents per share. The company reported quarterly sales of $380.83 million which beat the analyst consensus estimate of $375.78 million.
Integra LifeSciences shares jumped 24.4% to $23.96 on Monday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Neurogene Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NGNE#NASDAQ">NGNE</a>) shares jumped 43% to $66.22 after the company entered a securities purchase agreement for a PIPE investment, expected to bring in gross proceeds of $200 million.</li>
<li>Air Transport Services Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) gained 26.4% to $22.01 after the company announced it will be acquired by Stonepeak for approximately $3.1 billion, with shareholders receiving $22.50 per share in cash.</li>
<li>Xiao-I Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIXI#NASDAQ">AIXI</a>) rose 24.2% to $7.14. Xiao-I entered into private placement &amp; securities purchase agreement to issue, sell convertible promissory note for $2.1 million.</li>
<li>Disc Medicine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRON#NASDAQ">IRON</a>) gained 22.9% to $57.93 after the company announced the end of its Phase 2 Bitopertin In Erythropoietic Protoporphyria meeting with the FDA. The company is aligned with the FDA across all proposed study parameters and has a clear development path to registration.</li>
<li>Globalstar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>) gained 21.8% to $1.6800.</li>
<li>Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) rose 16% to $5.64.</li>
<li>The Chemours Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CC#NYSE">CC</a>) gained 14.6% to $20.42 after the company reported better-than-expected quarterly financial results.</li>
<li>Array Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) rose 13.5% to $7.61.</li>
<li>Evotec SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NYSE">EVO</a>) jumped 13.1% to $4.3850.</li>
<li>LexinFintech Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LX#NYSE">LX</a>) gained 12.8% to $3.6100.</li>
<li>Freshpet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) gained 10.9% to $148.32 after the company reported better-than-expected quarterly financial results and raised its full-year adjusted EBITDA outlook.</li>
<li>Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) rose 9.4% to $10.88.</li>
<li>Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) surged 8.1% to $48.73 after the company reported better-than-expected quarterly EPS and revenues.</li>
<li>Nextracker Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) gained 8% to $42.75.</li>
<li>Peloton Interactive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>) rose 7.5% to $7.80.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) gained 7.5% to $1.2250.</li>
<li>Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) gained 7.3% to $29.13 after it was announced that the company will join the S&amp;P MidCap 400 prior to the opening of trading on Wednesday, Nov. 6.</li>
<li>Bath &amp; Body Works, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NASDAQ">BBWI</a>) rose 7.2% to $30.99.</li>
<li>Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) gained 5.6% to $ 38.29</li>
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Integra LifeSciences Posts Upbeat Results, Joins Air Transport Services, Freshpet, Yum China And Other Big Stocks Moving Higher On Monday

These seven mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Madrigal Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDGL#NASDAQ">MDGL</a>) shares grew 51.70% last week after the company reported <a href="https://www.benzinga.com//node/41648647" target="_blank" rel="noreferrer noopener">better-than-expected results</a>.</li>
<li>PROCEPT BioRobotics Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRCT#NASDAQ">PRCT</a>) shares gained 34.20% after the company reported <a href="https://www.benzinga.com//node/41583831" target="_blank" rel="noreferrer noopener">better-than-expected Q3 financial results</a> and raised its FY24 revenue guidance. The company also priced a $175 million offering of its common stock at $91 per share by a selling stockholder.</li>
<li>Globalstar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NYSE">GSAT</a>) stock gained 33.98% last week. The company <a href="https://www.benzinga.com//node/41688837" target="_blank" rel="noreferrer noopener">amended its services agreement</a> with Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to launch an extended MSS network with new satellites and infrastructure.</li>
<li>GeneDx Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGS#NASDAQ">WGS</a>) shares rocketed 31.17% after the company reported better-than-expected results and raised its <a href="https://www.benzinga.com//node/41602881" target="_blank" rel="noreferrer noopener">FY24 revenue guidance</a>. Several analysts boosted the <a href="https://www.benzinga.com/quote/wgs/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock.</a></li>
<li>NEXTracker (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) shares upped 25.91% after the company reported second-quarter results and raised its FY25 GAAP <a href="https://www.benzinga.com//node/41635816" target="_blank" rel="noreferrer noopener">and adjusted EPS guidance</a>.</li>
<li>V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) stock escalated 25.82% after the company reported second-quarter financial results and analysts <a href="https://www.benzinga.com//node/41599918" target="_blank" rel="noreferrer noopener">boosted the price forecast</a>.</li>
<li>Omnicell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMCL#NASDAQ">OMCL</a>) stock increased 23.22% after the company reported third-quarter results and raised its <a href="https://www.benzinga.com//node/41619987" target="_blank" rel="noreferrer noopener">FY24 guidance above estimates</a>. Analysts upped the price <a href="https://www.benzinga.com/quote/omcl/analyst-ratings" target="_blank" rel="noreferrer noopener">forecast on the stock</a>.</li>
</ol>
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Apple Satellite Connectivity Provider Globalstar And Timberland Parent V.F Corp Are Among Top 7 Mid Cap Gainers Last Week (Oct 28-Nov 1): Are The Others In Your Portfolio?

Globalstar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NYSE">GSAT</a>) stock surged Friday after it disclosed expanding its <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1366868/000136686824000105/gsat-20241029.htm" target="_blank" rel="noreferrer noopener">strategic partnership with</a> Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) in a newly updated $1.1 billion services agreement. 
Under this extended deal, Globalstar will provide Apple with enhanced satellite services, covering the development, launch and operation of a new mobile satellite services (MSS) network. This agreement builds on the existing service terms.
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The revised agreements enable Globalstar to deliver these services through a new MSS network featuring a fresh satellite constellation, expanded ground facilities and broader MSS licensing worldwide. The new MSS network will be owned by a subsidiary known as Globalstar Licensee, which Globalstar will continue to manage and operate.
Apple will provide substantial prepayments, including up to $1.1 billion, to fund the Extended MSS Network's construction and operational phases. These funds will also cover related costs like infrastructure and debt repayment.
Additionally, Apple has agreed to acquire 400,000 Class B Units in Globalstar Licensee, giving it a 20% equity stake for $400 million.
In exchange for these expanded satellite services, Apple will pay Globalstar incremental service fees tied to the cost of the MSS network, additional services and associated expenses, including performance-based bonuses.
A portion of these payments will be contingent on achieving certain milestones, including service levels and regulatory approvals. Moreover, the deal specifies annual service fees of $30 million, which are set to accelerate under the new agreement terms.
Globalstar and Apple have agreed on a structure allowing for quarterly redemption of Apple's Class B Units, starting once Apple recovers the total amount of the prepayment. Globalstar retains the right to repurchase these units under certain conditions, while Apple can initiate redemption in case of specific contract breaches by Globalstar.
The parties also adjusted Globalstar's 2023 Funding Agreement by removing cash sweeps, relaxing certain covenant conditions, deferring repayment start dates to 2026, and strengthening Globalstar's obligations under the 2024 Prepay Agreement with additional lien security.
Globalstar reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40258112/apples-satellite-connectivity-provider-globalstars-q2-revenue-grows-10-on-wholesale-capacity-surge-" rel="noreferrer noopener">fiscal second-quarter 2024</a> sales growth of 10% to $60.4 million, beating the&nbsp;consensus estimate of $57.2 million.&nbsp;Adjusted EBITDA was $32.6 million. Globalstar expects revenue of $235 million–$250 million&nbsp;versus the&nbsp;consensus of $237.5 million.
GSAT Price Action: Globalstar stock is up 32.90% at $1.39 at publication Friday.
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This article was generated using artificial intelligence and was reviewed by Benzinga editors
Photo: Shutterstock

SPACE

Apple Satellite Connectivity Provider Globalstar Stock Surges After Deal Extension

U.S. stocks were higher, with the Dow Jones index gaining around 450 points on Friday.
Shares of Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) rose sharply during Friday's session as the company posted stronger-than-expected results for the <a href="https://www.benzinga.com/quote/AMZN">third quarter on Thursday</a>.
Amazon reported third-quarter net sales of $158.9 billion, up 11% year-over-year. The total beat a Street consensus estimate of $157.2 billion, according to data from Benzinga Pro. The company said it sees fourth-quarter net sales to come in a range of $181.5 billion to $188.5 billion, up 7% to 11% year-over-year.
Amazon.com shares jumped 7.1% to $199.63 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Proto Labs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) shares jumped 31.8% to $36.10 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter adjusted EPS guidance with its midpoint above estimates.</li>
<li>Interface, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TILE#NASDAQ">TILE</a>) gained 30% to $22.72 after the company reported better-than-expected third-quarter financial results and raised its FY24 net sales guidance above estimates.</li>
<li>Globalstar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NYSE">GSAT</a>) jumped 25.3% to $1.3145 after the company amended its services agreement with Apple to launch an extended MSS network with new satellites and infrastructure.</li>
<li>ADMA Biologics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADMA#NASDAQ">ADMA</a>) gained 19.7% to $19.52.</li>
<li>Waters Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAT#NYSE">WAT</a>) rose 17.3% to $378.98 after the company reported third-quarter earnings and sales that beat analyst estimates.</li>
<li>Avis Budget Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) gained 16.5% to $96.73 following third-quarter results.</li>
<li>Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) climbed 15.8% to $218.37 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates.</li>
<li>Pediatrix Medical Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MD#NYSE">MD</a>) rose 15.6% to $14.26 following better-than-expected quarterly earnings.</li>
<li>ASP Isotopes Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASPI#NASDAQ">ASPI</a>) gained 14.2% to $7.98. ASP Isotopes announced the pricing of public offering of common stock.</li>
<li>Select Medical Holdings Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEM#NYSE">SEM</a>) surged 13.2% to $36.32 following better-than-expected quarterly earnings.</li>
<li>Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) gained 12% to $366.93 after the company reported better-than-expected quarterly EPS and revenues.</li>
<li>Liberty Broadband Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBRDA#NASDAQ">LBRDA</a>) gained 11.5% to $89.49.</li>
<li>Halozyme Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HALO#NASDAQ">HALO</a>) gained 9.9% to $55.56 after the company reported better-than-expected quarterly financial results and issued FY24 adjusted EPS guidance above estimates.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) rose 9.6% to $14.92.</li>
<li>MasTec, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTZ#NYSE">MTZ</a>) surged 8.2% to $133.01 after the company raised its FY2024 adjusted EPS guidance.</li>
<li>Chart Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLS#NASDAQ">GTLS</a>) gained 8.1% to $130.46 following quarterly results.</li>
<li>Dorman Products, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DORM#NASDAQ">DORM</a>) gained 7.9% to $123.05 following upbeat earnings.</li>
<li>Magna International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) jumped 7.8% to $42.54 following third-quarter results.</li>
<li>Cardinal Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>) gained 7.1% to $116.21 after the company reported better-than-expected first-quarter EPS and revenues and raised its FY2025 adjusted EPS guidance.</li>
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Globalstar shares are trading higher after the company amended its services agreement with Apple to launch an extended MSS network with new satellites and infrastructure.

Contracts

Globalstar Amends Services Agreement With Apple To Launch Extended MSS Network With New Satellites And Infrastructure; Apple To Provide $1.1B Infrastructure Prepayment And Purchase 20% Stake For $400M; Agreement Includes Equity Repurchase Provisions, Performance-Based Service Fees, And Revised Debt Repayment Terms

Shares of Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) rose sharply in today's pre-market trading after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/11/41684534/charter-communications-beats-q3-estimates-on-strong-mobile-growth-expanding-margins">third-quarter EPS and revenues.</a>
Charter Communications reported fiscal third-quarter 2024 revenue growth of 1.6% year-on-year to $13.8 billion, beating the analyst consensus estimate of $13.7 billion. EPS of $8.82 beat the analyst consensus estimate of $8.67
Charter Communications shares rose 11.1% to $364.01 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Globalstar, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NYSE">GSAT</a>) gained 41.9% to $1.49 in pre-market trading after the company announced a proposed public offering.</li>
<li>Theriva Biologics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOVX#NYSE">TOVX</a>) rose 41.1% to $2.06 in pre-market trading after the company announced it was selected as a finalist for Merck KGaA&#8217;s EMEA Advance Biotech Grant.</li>
<li>Athira Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATHA#NASDAQ">ATHA</a>) shares surged 31.1% to $0.5610 in pre-market trading.</li>
<li>VS MEDIA Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSME#NASDAQ">VSME</a>) climbed 30% to $1.43 in pre-market trading after declining 11% on Thursday.</li>
<li>Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) gained 22.5% to $231.06 in pre-market trading after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates.</li>
<li>Nuburu, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURU#NYSE">BURU</a>) gained 18.6% to $0.5340 in pre-market trading.</li>
<li>Proto Labs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) gained 18.3% to $32.43 in pre-market trading after the company reported better-than-expected third-quarter financial results and issued fourth-quarter adjusted EPS guidance with its midpoint above estimates.</li>
<li>comScore, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCOR#NASDAQ">SCOR</a>) shares rose 17.3% to $6.45 in pre-market trading.</li>
<li>Halozyme Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HALO#NASDAQ">HALO</a>) gained 12.8% to $57.04 in pre-market trading after the company reported better-than-expected third-quarter financial results and issued FY24 adjusted EPS guidance above estimates.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>ESSA Pharma Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EPIX#NASDAQ">EPIX</a>) shares dipped 69.2% to $1.60 in pre-market trading. ESSA Pharma terminated Phase 2 study evaluating Masofaniten combined with Enzalutamide in patients with mCRPC.</li>
<li>Lexicon Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXRX#NASDAQ">LXRX</a>) fell 37.4% to $1.2207 in pre-market trading.</li>
<li>Elevai Labs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELAB#NASDAQ">ELAB</a>) fell 35% to $0.0383 in pre-market trading.</li>
<li>MultiMetaVerse Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMV#NASDAQ">MMV</a>) declined 24.1% to $0.3331 in pre-market trading.</li>
<li>Arbe Robotics Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBE#NASDAQ">ARBE</a>) declined 18.7% to $1.4800 in pre-market trading after the company announced a public offering.</li>
<li>Advent Technologies Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NYSE">ADN</a>) fell 15.8% to $1.9899 in pre-market trading after jumping around 34% on Thursday.</li>
<li>ASP Isotopes Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASPI#NASDAQ">ASPI</a>) fell 8.4% to $6.40 in pre-market trading after the company announced a proposed public offering.</li>
<li>BJ&#8217;s Restaurants, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJRI#NASDAQ">BJRI</a>) fell 6.3% to $34.75 in today's pre-market trading after the company announced worse-than-expected third-quarter EPS results.</li>
<li>nVent Electric plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVT#NYSE">NVT</a>) shares fell 6.1% to $70.00 in pre-market trading after the company reported third-quarter results.</li>
<li>DigitalBridge Group, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBRG#NASDAQ">DBRG</a>) declined 6% to $14.75 in pre-market trading after the company reported weaker-than-expected third-quarter results.</li>
</ul>
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Pre-Market Outlook

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Why Charter Communications Shares Are Trading Higher By Around 11%; Here Are 20 Stocks Moving Premarket

<a href="https://spacenews.com/pentagons-commercial-satellite-internet-services-program-soars-to-13-billion/">https://spacenews.com/pentagons-commercial-satellite-internet-services-program-soars-to-13-billion/</a>
The Defense Department is increasing its projected spending on low Earth orbit (LEO) satellite internet services more than tenfold, responding to surging demand from across the military, SpaceNews has learned.
The military&#39;s Proliferated Low Earth Orbit (PLEO) Satellite-Based Services program, launched just last year with a $900 million ceiling, has been expanded to $13 billion by the Defense Information Systems Agency (DISA) and the Space Systems Command, a spokesperson confirmed.&nbsp;
The dramatic jump in funding underscores how vital high-speed satellite internet has become for military operations, as all branches clamor for the capabilities provided by services like SpaceX&#39;s Starlink. The PLEO contract also is being expanded in anticipation of Amazon&#39;s Project Kuiper entering the LEO internet market in the coming years.
The PLEO program is an Indefinite Delivery Indefinite Quantity (IDIQ) contract managed by DISA and the Space Systems Command&#39;s Commercial Satellite Communications Office. The program so far selected 20 vendors to compete for specific task orders over a five-year base period with an option for an additional five years.&nbsp;
Before this increase, the PLEO contract <a href="https://spacenews.com/space-force-to-increase-spending-on-low-earth-orbit-satellite-services/">had already spent about $660 million </a>of its original $900 million ceiling. Most of the orders have been for Starshield, the militarized version of the Starlink service.

GILT

IRDM

SATS

VSAT

'DoD Is Raising Its Proliferated Low Earth Orbit Satellite-Based Services Program From An Initial $900M Ceiling To A Projected $13B' - SpaceNews

Globalstar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NYSE">GSAT</a>), the next-generation mobile satellite and communications services provider, today announced that Band 53 spectrum will be used to enable high-value and mission-critical applications through carrier aggregation with Citizens Broadband Radio Service (CBRS) in the United States.
In a significant move, Globalstar is collaborating with Global Telecom, Alliance, and Hawk Networks, which builds on the Althea platform, to deliver an enhanced, seamless, and reliable connectivity experience to U.S. customers. This collaboration leverages on Globalstar's strong track record with Global Telecom, known for their fast-paced innovation and expertise. Global Telecom created the first carrier aggregation modules to include Band 53 with other bands, such as the CBRS spectrum. Understanding the growing demand for reliable wireless solutions, Globalstar's 10 MHz channel in Band 53 will be used to ensure uninterrupted private wireless network connectivity for CBRS networks even within critical Dynamic Protection Areas (DPAs) or when Priority Access License (PAL) channels are unavailable.

Globalstar's Band 53 Spectrum Will Be Used To Enable High-Value And Mission-Critical Applications Through Carrier Aggregation With Citizens Broadband Radio Service In The U.S. Through A Collaboration With Global Telecom, The Althea Platform, And Alliance

U.S. stocks were higher, with the Nasdaq Composite gaining around 50 points on Wednesday.
Shares of Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) rose sharply during Wednesday's session after the company reported better-than-expected third-quarter financial results and issued FY24 EPS<a href="https://www.benzinga.com/news/earnings/24/08/40474111/toll-brothers-q3-earnings-revenue-beat-eps-beat-homes-delivered-up-11-backlog-down-10-momentum-into"> guidance above estimates.</a>
The company reported adjusted EPS of $3.60, beating analysts estimate of $3.31 and sales of $2.73 billion, beating analysts estimate of $2.71 billion.
Toll Brothers shares climbed 6.5% to $142.27 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>BigBear.ai Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) shares gained 30.1% to $1.7312 after the company received an award as a subcontractor to Concept Solutions.</li>
<li>PROCEPT BioRobotics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRCT#NASDAQ">PRCT</a>) jumped 26% to $81.89 after the company announced FDA 510(k) clearance of its HYDROS Robotic system.</li>
<li>Tempus AI, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) gained 17.6% to $69.09.</li>
<li>GDS Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) jumped 16.6% to $14.70 after its second-quarter FY24 results.</li>
<li>Eos Energy Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>) climbed 14.4% to $2.1650 after Stifel maintained a Buy rating on the stock and announced a price target of $6.</li>
<li>UTime Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTO#NASDAQ">WTO</a>) gained 14.4% to $1.6478 after the company announced a collaboration with Dr. Ehud Baron.</li>
<li>Kyverna Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KYTX#NASDAQ">KYTX</a>) jumped 13.6% to $8.42.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) gained 13.4% to $24.28 amid a possible rebound due to President Trump&#8217;s first outdoor rally since the attempted assassination and campaign attention during the ongoing Democratic National Convention. Robert F. Kennedy Jr&#8217;s running mate, Nicole Shanahan, mentioned in a podcast yesterday that the third party&#8217;s campaign is weighing options that include joining forces with Donald Trump.</li>
<li>Keysight Technologies, Inc. (NYSE KEYS) rose 12.6% to $156.13 following better-than-expected third-quarter financial results.</li>
<li>Globalstar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NYSE">GSAT</a>) gained 12.6% to $1.4350.</li>
<li>Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) climbed 12.2% to $160.79 following upbeat quarterly earnings.</li>
<li>QXO, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NASDAQ">QXO</a>) rose 11.8% to $13.87.</li>
<li>Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) climbed 10.7% to $35.44.</li>
<li>Vipshop Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) gained 9.3% to $12.64. CLSA analyst Leo You downgraded Vipshop from Outperform to Hold and lowered the price target from $15.8 to $12.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) rose 8.3% to $37.17.</li>
<li>Coty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) gained 6.4% to $10.14 following fourth-quarter results.</li>
<li>The TJX Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) rose 6% to $120.04 following strong quarterly earnings.</li>
</ul>
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Toll Brothers Posts Strong Earnings, Joins Keysight, Coty, TJX And Other Big Stocks Moving Higher On Wednesday

Liquid Intelligent Technologies (Liquid), a business of Cassava Technologies, a leading technology group, is pleased to announce a strategic partnership with American connectivity innovator Globalstar to deliver advanced 5G connectivity solutions across Africa, the Middle East, and the Gulf.

Global

Globalstar And Liquid Intelligent Technologies Partner To Deliver High-Speed 5G Access Solutions Across Africa, The Middle East, And The Gulf

Globalstar shares are trading higher after the company announced it secured a 15 year FCC license extension to operate up to 26 replacement satellites.

Ensuring Continued Exclusive Operations In The Big LEO Band

Globalstar Secures 15-Year FCC License Extension To Operate Up To 26 Replacement Satellites

Globalstar, Inc&nbsp;(NYSE:&nbsp;GSAT) reported fiscal second-quarter 2024 sales growth of 10% year-on-year to $60.4 million, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40249819/globalstar-announces-second-quarter-2024-financial-results" rel="noreferrer noopener">analyst consensus estimate of $57.2 million</a>.&nbsp; Revenue jumped on increases in service revenue.
The Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) mobile satellite connectivity provider&#8217;s EPS loss for the quarter was $(0.01), compared with the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $0.00</a>. The stock price gained after the results.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/06/39277225/why-is-satellite-communications-globalstar-stock-trading-higher-on-tuesday" rel="noreferrer noopener">Globalstar Shares Surge on Apple iOS 18&#8217;s New Satellite Messaging Feature</a>
Adjusted EBITDA was $32.6 million in the quarter, an increase of 20% year over year primarily due to an increase in high-margin service revenue.
The loss from operations was $(1.4) million versus an income from operations of $2.6 million Y/Y.&nbsp;
Net loss was $(9.7) million in the quarter, compared to a net income of less than $0.1 million a year ago.&nbsp;
GSAT held cash and equivalents of $64.3 million as of June 30, 2024.
&#8220;Globalstar reported record revenue during the second quarter, driven primarily by growth in wholesale capacity services and other recent business initiatives. The high-margin nature of this revenue contributed to a 20% increase in Adjusted EBITDA and an increase in cash on hand to $64 million as of June 30, 2024,&#8221; commented Rebecca Clary, Chief Financial Officer.
FY24 Outlook:&nbsp;Globalstar expects revenue of $235 million–$250 million&nbsp;(prior $225 million–$250 million) against the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $237.5 million</a>.&nbsp;
It expects adjusted EBITDA margin of approximately 53% (<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/b38713212/globalstar-announces-first-quarter-2024-financial-results-and-operational-updates" rel="noreferrer noopener">prior approximately 50%</a>).&nbsp;
Price Action: GSAT shares are trading higher by 7.34% at $1.17 at the last check Thursday.
Also Read:
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<li><a href="https://www.benzinga.com/news/24/06/39277372/why-is-satellite-company-ast-spacemobile-stock-soaring-on-tuesday" target="_blank" rel="noreferrer noopener">AST SpaceMobile Gains with Apple&#8217;s iOS 18 Satellite Messaging, Investors Eye 10.45M Share Resale</a></li>
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Earnings

Guidance

Tech

Apple's Satellite Connectivity Provider Globalstar's Q2 Revenue Grows 10% On Wholesale Capacity Surge, Hikes FY24 Outlook

Globalstar shares are trading higher after the company reported better-than-expected Q2 sales results and raised its FY24 revenue guidance.

Globalstar Raises FY24 Revenue From $225M-$250M To $235M-$250M Vs $237.530M Est.

Globalstar (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#AMEX">GSAT</a>) reported quarterly losses of $(0.01) per share which met the analyst consensus estimate. The company reported quarterly sales of $60.400 million which beat the analyst consensus estimate of $57.162 million by 5.66 percent. This is a 9.67 percent increase over sales of $55.072 million the same period last year.

Earnings Beats

Globalstar Q2 2024 GAAP EPS $(0.01), Inline, Sales $60.400M Beat $57.162M Estimate

In a regulatory filing, Globalstar (GSAT) notes that as previously disclosed, the company is party to a terms agreement with its customer, Apple (A...

Globalstar discloses extended MSS network services deal with Apple

07:38 EDT Globalstar (GSAT) jumps 57% to $1.65 after disclosing expanded Apple (AAPL) agreement Published first on TheFly – the ultimate source for...

Globalstar jumps 57% to $1.65 after disclosing expanded Apple agreement

In a report released today, George Sutton from Craig-Hallum maintained a Buy rating on Globalstar (GSAT – Research Report). The company's shares cl...

Craig-Hallum Sticks to Its Buy Rating for Globalstar (GSAT)

Unusual total active option classes on open include: Globalstar (GSAT), American Tower (AMT), Wayfair (W), Chevron (CVX), Reddit Inc (RDDT), Transo...

Unusually active option classes on open November 1st

After Globalstar (GSAT) filed an 8K disclosing an expanded relationship with Apple (AAPL), Morgan Stanley analyst Simon Flannery noted that details...

Morgan Stanley says Globalstar expanded Apple relationship 'very encouraging'

Consumer electronics giant Apple ($AAPL) is investing $1.5 billion in satellite communications company Globalstar ($GSAT) to expand the iPhone's ab...

Apple (AAPL) Invests $1.5 Billion to Expand iPhone Satellite Service

Craig-Hallum analyst George Sutton raised the firm's price target on Globalstar (GSAT) to $5 from $4 and keeps a Buy rating on the shares after it ...

Globalstar price target raised to $5 from $4 at Craig-Hallum

Craig-Hallum raised the firm's price target on Globalstar (GSAT) to $5 from $4 and keeps a Buy rating on the shares. The next evolution of Globalst...

Unusual total active option classes on open include: Public Service Enterprise Group (PEG), Ericsson (ERIC), PowerShares DB US Dollar Index Bullish...

Unusually active option classes on open November 4th

Globalstar: Upside Still Not Fully Priced In

ERIC

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Press Releases

Globalstar, Inc. Earnings Release and Call Notice

Globalstar Announces First Quarter 2024 Financial Results and Operational Updates

Globalstar Announces Second Quarter 2024 Financial Results

FCC Reauthorizes Globalstar's HIBLEO-4 Constellation

Liquid Intelligent Technologies and Globalstar Partner to Deliver High-speed 5G Access Solutions Across Africa, the Middle East, and the Gulf

BestGrowthStocks.Com Issues Comprehensive Analysis of Globalstar Inc's Strategic Partnerships and Growth Drivers

Globalstar Announces Participation at MWC Las Vegas 2024

Globalstar's Band 53 Spectrum to Be Used for Mission-Critical Applications in Combination With CBRS Through a Collaboration With Global Telecom, the Althea Platform, and Alliance

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