Globalstar Inc
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Communication Services : Diversified Telecommunication Services | Small Cap Blend
Company profile

Globalstar, Inc. (Globalstar) provides mobile satellite services (MSS), including voice and data communications services globally through satellite. The Company provides wireless communications services in areas not served or underserved by terrestrial wireless and wireline networks and in circumstances where terrestrial networks are not operational due to natural or man-made disasters. It offers voice and data communication services over its network of in-orbit satellites and its active ground stations (gateways), which it refers to collectively as the Globalstar System. The Company's services are available only with equipment designed to work on its network two-way voice communication and data transmissions (Duplex) using mobile or fixed devices, and one-way data transmissions (Simplex) using a mobile or fixed device that transmits its location and other information to a central monitoring station, including certain SPOT and Simplex products.

Price
Delayed
$0.39
Day's Change
-0.0305 (-7.25%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.407
Day's Low
0.38
Volume
(Heavy Day)

Today's volume of 1,667,024 shares is on pace to be much greater than GSAT's 10-day average volume of 1,440,028 shares.

1,667,024

UPDATE: Roku stock has quadrupled this year -- but RBC sees 30% upside

12:24 pm ET October 12, 2019 (MarketWatch)
Print

By Emily Bary

Analyst says recent pullback makes the shares attractive once again

Roku Inc.'s stock has surged 300% so far this year, but RBC Capital Markets' Mark Mahaney is joining the chorus of analysts who argue that the shares have more room to run.

Though Mahaney moved to the sidelines on Roku (ROKU) over the summer, he turned bullish on the stock once again late on Thursday (http://www.marketwatch.com/story/roku-stock-gains-after-rbc-upgrade-2019-10-10) following a roughly 30% drop from the company's closing high notched in early September. That pullback creates an "attractive entry point" according to Mahaney, who raised his price target to $155 from $107. The new target implies 28% upside from current levels, taking into account Roku's 3.5% rise in Friday morning trading.

Opinion: Netflix stock has fallen 30% in 3 months but its valuation is still irrational (http://www.marketwatch.com/story/netflix-stock-has-fallen-30-in-3-months-but-its-valuation-is-still-irrational-2019-10-11)

Mahaney said Roku scores well in his "crucial combo" of revenue growth plus earnings before interest, tax, depreciation and amortization (Ebitda) margin, which he deems a useful way to evaluate small-capitalization internet companies. Though the company's Ebitda margin is projected to be slightly negative for the third quarter, Mahaney expects 46% revenue growth for the period, which would amount to a strong "crucial combo" score relative to peers.

Mahaney is also drawn to the company's positioning in the attractive streaming landscape, with a big opportunity to eat into TV ad dollars and benefit from the launches of new streaming services. As the market for streaming offerings becomes more fragmented, Roku should be able to lessen its reliance on YouTube, Amazon.com Inc.'s (AMZN) Prime Video, and Netflix Inc. (NFLX) He also sees potential for the company as it expands internationally and grows its Roku Channel (http://www.marketwatch.com/story/roku-stock-gains-after-analyst-says-roku-channel-could-be-a-1-billion-asset-2018-03-26), a curated hub for ad-supported content.

Don't miss: Why Roku thinks Apple and Disney will give the streaming platform a big boost (http://www.marketwatch.com/story/why-roku-thinks-apple-and-disney-will-give-the-streaming-platform-a-big-boost-2019-08-08)

RBC's move to the bull camp isn't particularly unusual. Of the 17 analysts tracked by FactSet who cover Roku's stock, 12 have buy ratings, three have hold ratings, and two rate the stock at sell. The average price target on FactSet is $134.94, dragged down by bearish targets as low as $60.

Roku shares have fallen 19% over the past month, as the S&P 500 has dropped 0.6%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 12, 2019 12:24 ET (16:24 GMT)

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