A number of stocks fell in the afternoon session as investors continued to question how much more the superstar stocks can add to their already spectacular gains.
Globalstar’s third quarter reflected continued momentum in satellite communications, with market reaction notably positive following the earnings announcement. Management credited the quarter’s outperformance to robust growth in wholesale capacity services and accelerating adoption of Commercial IoT (Internet of Things) devices. CFO Rebecca Clary highlighted that equipment revenue from IoT device sales rose sharply, supported by a surge in gross activations and subscriber growth. CEO Paul Jacobs pointed to the company’s progress in expanding its global ground infrastructure and the commercial availability of its two-way IoT module as key enablers of this growth. Additionally, improvements in operational efficiency and deliberate investments in business development contributed to overall financial stability, even as noncash items impacted net income.
A number of stocks jumped in the afternoon session after investors continued to pile into value-oriented names amid growing valuation concerns. This shift reflects growing caution over high valuations within the technology and artificial intelligence (AI) spheres. As market participants reassessed risk, they reallocated capital from growth-heavy indices, like the Nasdaq, to companies in areas like industrials and financials, which were perceived to be more reasonably priced.
Contributing to the positive momentum, markets remained hopeful that a prolonged 40-day government shutdown would be over.
The U.S. Senate approved a compromise funding package, which was pending a vote in the House. The potential end to the shutdown brought a sense of relief to markets.
Shares of satellite communications provider Globalstar (NASDAQ:GSAT) jumped 16.8% in the afternoon session after the stock's positive momentum continued as the company reported record third-quarter revenue that surpassed estimates and its partner, Apple, revealed plans to enhance iPhone satellite features. The satellite communications firm posted record revenue of $73.8 million for the third quarter, which led B. Riley to raise its price target on the stock. Adding to the positive news, Apple, a key partner, announced plans to expand its satellite capabilities using Globalstar's network. These new features included satellite-enhanced navigation within Apple Maps and the ability to send photos through iMessage without a cellular signal. Furthermore, Globalstar announced a major expansion of its ground infrastructure in Brazil, installing eight new antennas as part of a global upgrade. This series of positive developments boosted investor confidence, sending the stock to a new 52-week high.
Apple continues to make strides in its decade-old satellite connectivity project. The tech giant is reportedly developing a range of innovative features to enhance its satellite services.
Satellite communications provider Globalstar (NASDAQ:GSAT) beat Wall Street’s revenue expectations in Q3 CY2025, with sales up 2.1% year on year to $73.85 million. The company’s full-year revenue guidance of $272.5 million at the midpoint came in 2.9% above analysts’ estimates. Its GAAP loss of $0.01 per share was $0.02 above analysts’ consensus estimates.
Satellite communications provider Globalstar (NASDAQ:GSAT) reported revenue ahead of Wall Streets expectations in Q3 CY2025, with sales up 2.1% year on year to $73.85 million. The company’s full-year revenue guidance of $272.5 million at the midpoint came in 2.9% above analysts’ estimates. Its GAAP loss of $0.01 per share was $0.02 above analysts’ consensus estimates.
A number of stocks fell in the morning session after markets became increasingly wary of high valuations following a significant AI-driven rally. The tech-heavy Nasdaq fell approximately 1.4% as a wave of caution swept through the market.
A Bloomberg News report, citing people familiar with the matter, said the satellite firm is working with an investment bank to assist with the sales process.
A company that generates cash isn’t automatically a winner.
Some businesses stockpile cash but fail to reinvest wisely, limiting their ability to expand.
Shares of satellite communications provider Globalstar (NASDAQ:GSAT) jumped 8% in the afternoon session after reports surfaced that the company's chair had discussed a potential sale of the company for over $10 billion.
Globalstar (NASDAQ: GSAT) stock has experienced a significant surge, captivating the financial markets as whispers of a potential $10 billion sale of the satellite communications firm gain traction. The speculation, which intensified on October 23, 2025, follows reports that Globalstar's chairman, James Monroe, has been actively discussing such a possibility
New York, NY – October 23, 2025 – Iridium Communications Inc. (NASDAQ: IRDM), a global leader in satellite communications, today reported robust financial results for its third quarter of 2025, surpassing analyst expectations for both revenue and earnings per share. Despite this seemingly positive performance, the company's stock experienced a perplexing decline
A number of stocks fell in the afternoon session after new trade tensions and disappointing earnings from major tech companies weighed heavily on investor sentiment.
Globalstar Inc. (NASDAQ: GSAT) saw its stock climb by 4.1% today, October 21, 2025, following the commercial launch of its highly anticipated RM200M two-way satellite IoT module. This pivotal development marks a significant step for the satellite communications company, as it officially rolls out a solution designed to expand
Volatility cuts both ways - while it creates opportunities, it also increases risk, making sharp declines just as likely as big gains.
This unpredictability can shake out even the most experienced investors.
Even if a company is profitable, it doesn’t always mean it’s a great investment.
Some struggle to maintain growth, face looming threats, or fail to reinvest wisely, limiting their future potential.
Shares of satellite communications provider Globalstar (NASDAQ:GSAT) jumped 2.4% in the afternoon session after Clear Street initiated coverage on the stock with a "Buy" rating and a $66.00 price target. Analyst Greg Pendy announced the move, marking the first time the research firm provided a rating for Globalstar. This initiation suggested confidence in the company's business model. The price target represented a significant potential upside from where the stock previously traded.
