Core Insights - Globalstar, Inc. (GSAT) is set to report its Q3 2025 results on November 6, with expectations of a revenue decline of 5.6% year-over-year [1][8] - The Zacks Consensus Estimate predicts a loss of 3 cents per share, compared to breakeven earnings in the same quarter last year [2] Financial Performance Expectations - The consensus estimate for total revenues is $68.27 million, reflecting a 5.6% decline from the previous year [2] - For the full year 2025, the company anticipates revenues between $260 million and $285 million, with adjusted EBITDA margins around 50% [2] Earnings Prediction Model - The current model does not predict an earnings beat for GSAT, with an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [3][4] Revenue Drivers - Growth in service revenues, particularly from wholesale capacity services, is expected to positively impact Q3 sales [5] - An increase in the average number of subscribers, driven by higher gross activations, is likely to enhance Commercial IoT performance [5] Product Developments - The RM200 two-way module, featuring advanced communication capabilities, is gaining traction across various sectors, including oil & gas and defense [6] - The company is undergoing a significant infrastructure upgrade, adding approximately 90 antennas across 35 ground stations globally to enhance network capacity [11][12] Market Opportunities - GSAT is experiencing increased interest from U.S. federal agencies and defense markets, presenting substantial growth opportunities amid rising defense budgets [10] - The company is expanding its addressable market through investments in XCOM RAN, targeting terrestrial wireless markets [9] Competitive Landscape - The satellite communication industry is becoming increasingly competitive, with other companies like Iridium, EchoStar, and Gilat Satellite Networks also expanding their markets [14] - GSAT's stock has surged 153.3% over the past six months, outperforming both the Satellite and Communication Industry and the S&P 500 [17] Valuation Metrics - GSAT's stock is trading at a forward 12-month price/sales ratio of 20.76X, significantly higher than the industry average of 1.53X [21]

Core Insights - Iridium Communications reported Q3 2025 EPS of 35 cents, exceeding Zacks Consensus Estimate by 35% and up from 21 cents in the prior year [1][9] - Quarterly revenues reached $226.9 million, a 7% year-over-year increase, driven by strong service revenue and equipment sales, surpassing the consensus estimate of $224.05 million [2][9] Revenue Breakdown - Total service revenues increased by 3% year over year to $165.2 million, accounting for 73% of total revenues, supported by a growing subscriber base across various sectors [3][4] - Commercial service segment represented 61% of total revenues, with commercial revenue at $138.3 million, a 4% increase, while government service revenue rose 1% to $26.9 million [4][5] - Engineering and support revenues surged 31% to $40.2 million, attributed to increased U.S. government-related projects [6] Subscriber and Market Dynamics - As of September 30, the company had 2,542,000 billable subscribers, a 2% increase from the previous year, with commercial IoT representing 82% of the commercial user base [11] - The communications market is evolving, with new industries exploring satellite solutions, creating a favorable environment for Iridium [2] Financial Outlook - For 2025, Iridium has lowered its full-year service revenue growth forecast to around 3% from the previous 3-5% guidance due to delayed PNT revenue [13] - The company narrowed its OEBITDA guidance to $495–$500 million, at the upper end of its prior range [14] Shareholder Actions - Management paused share buybacks to focus on strategic investments and debt reduction, leading to a 7.48% drop in share price following the announcement [7][9][12]

Core Insights - Globalstar, Inc. has launched the RM200M two-way satellite IoT module, enhancing its position in the global IoT market [1][9] - The module supports real-time monitoring and data transmission, facilitating cellular connectivity from the same hardware [2] - The global satellite IoT market is projected to reach $7.23 billion with a CAGR of 19.5% from 2025 to 2033, driven by demand for remote monitoring and asset tracking [3] Company Developments - Globalstar has achieved global certification for the RM200M module, which is expected to accelerate IoT adoption across various sectors [1][9] - The company anticipates full-year 2025 revenues between $260 million and $285 million, with an adjusted EBITDA margin around 50% [4][9] - The average number of commercial IoT subscribers is growing, supported by a record number of activations over the past year [2] Competitive Landscape - Iridium Communications is expanding its commercial IoT momentum and has received approval for NB-IoT expansion, which is expected to enhance its IoT services [5] - Viasat, Inc. is set to launch the ViaSat-3 Flight 2 satellite, which will double bandwidth capacity and enhance its competitive position in the satellite IoT market [7] Market Performance - Globalstar's shares have increased by 185.4% over the past year, outperforming the Zacks Satellite and Communication industry, which grew by 149.8% [8] - GSAT stock is trading at a forward 12-month price/sales ratio of 18.24X, significantly higher than the industry's 1.43X [10]

Core Insights - Iridium Communications reported quarterly earnings of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.26 per share, and showing an increase from $0.21 per share a year ago, resulting in an earnings surprise of +34.62% [1][2] - The company achieved revenues of $226.94 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.29% and up from $212.77 million year-over-year [2] - Iridium has outperformed consensus EPS estimates three times over the last four quarters and has topped revenue estimates four times in the same period [2] Financial Performance - The current consensus EPS estimate for the upcoming quarter is $0.26, with expected revenues of $223.28 million, while the estimate for the current fiscal year is $0.98 on revenues of $879.27 million [7] - Iridium shares have declined approximately 32.3% year-to-date, contrasting with the S&P 500's gain of 13.9% [3] Market Outlook - The company's future stock performance will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The Zacks Rank for Iridium is currently 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] - The Satellite and Communication industry, to which Iridium belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Core Insights - Globalstar, Inc. (GSAT) stock reached a new 52-week high of $47.32, closing at $47.06, with a notable 55.3% increase over the past month, significantly outperforming the Satellite and Communication Industry's 13.1% gain [1][9] - The company's growth is driven by strong performance in Internet of Things (IoT) connectivity and private network solutions, alongside strategic collaborations [1][6] Price Performance - GSAT's gains surpass those of peers such as Iridium Communication (IRDM), Viasat (VSAT), and EchoStar (SATS), which saw increases of 7.2% and 11.3%, while SATS declined by 0.7% [4] - Investors are evaluating whether GSAT's momentum is sustainable or if they should take profits [4] Business Drivers - Continued growth in wholesale capacity services and commercial IoT revenues is benefiting Globalstar [6] - The average number of commercial IoT subscribers is increasing, supported by growth in gross activations [6] - A new strategic collaboration with Conekt.ai aims to integrate GSAT's Band 53 spectrum and XCOM RAN private network technology with Conekt.ai's platform [6] - A proof of concept with Parsons demonstrated the integration of GSAT's satellite network with a software-defined communications platform [7] - Proprietary spectrum ownership is highlighted as a key differentiator in the satellite communications space [8] Infrastructure and Innovations - Globalstar is upgrading its infrastructure with a global ground infrastructure program for the next-generation Extended MSS Network, adding approximately 90 antennas across 35 ground stations in 25 countries [11] - The company is collaborating with SpaceX for the deployment of nine new satellites, scheduled for launch in late 2025 and 2026 [12] - GSAT's revenue outlook for 2025 is projected between $260 million and $285 million, with expected adjusted EBITDA margins around 50% [12] Competitive Landscape - The satellite and communication industry is characterized by intense competition and rapid technological advancements, which could impact GSAT's revenue trajectory [13] - Competitors like Iridium, EchoStar, and Viasat are expanding their addressable markets amid increasing demand for global connectivity [13] Financial Considerations - GSAT's stock is trading at a high premium, with a forward 12-month price/sales ratio of 19.6X compared to the industry's 1.54X [17] - Other competitors trade at lower multiples, such as IRDM at 2.33X, SATS at 1.48X, and VSAT at 1X [18] Investment Outlook - The company's proprietary spectrum, innovation, and collaborations position it for long-term growth, but near-term execution risks and competition warrant caution [19] - The recent stock surge reflects growing investor confidence in GSAT's expanding IoT footprint, but its high valuation suggests that much optimism is already priced in [19] - Current recommendation is to hold the stock, with new investors advised to wait for a more favorable entry point [19][20]

Core Insights - EchoStar Corporation's subsidiary, Hughes Network Systems, has partnered with Celona to provide a fully managed private wireless network solution aimed at meeting the increasing demand for secure and scalable wireless connectivity [1][10] Group 1: Partnership and Technology - The collaboration combines Celona's advanced 5G LAN technology with Hughes' managed services expertise to support digital transformation across various industries such as manufacturing, logistics, energy, and public safety [2] - The partnership offers a comprehensive private wireless network with end-to-end management, improved Quality of Service (QoS), and seamless mobility, addressing connectivity challenges in large environments [3] - The solution is designed for mission-critical applications, enabling flexible deployment options tailored to customer needs, including automated vehicles and secure telehealth services [4] Group 2: Business Performance and Growth - Hughes achieved AS9100 quality certification and multiple FAA certifications, contributing to positive growth prospects for EchoStar [6] - The HughesNet consumer segment reported approximately 820,000 broadband subscribers, with increased Average Revenue Per User (ARPU) due to a focus on higher-value customers [6] - EchoStar anticipates positive operating free cash flow for the year, supported by disciplined cost management and growth in its Wireless and Hughes enterprise businesses [7] Group 3: Innovations and Market Position - In April 2025, Hughes launched the HL1100W electronically steerable antenna, enhancing low-latency, high-speed connectivity for enterprise and government users [8] - EchoStar's stock has performed well, with a Zacks Rank of 2 (Buy) and a share price increase of 187.3% over the past year, outperforming the industry growth of 148.4% [9]

Core Insights - Globalstar (GSAT) is expanding its presence in the Internet of Things (IoT) connectivity market through a partnership with Conekt.ai, integrating its Band 53 spectrum and XCOM RAN technology with Conekt.ai's orchestration platform for enhanced multi-network connectivity [1][2][3] Company Developments - The collaboration allows Conekt.ai to provide turnkey connectivity solutions for IoT deployments, enabling enterprise clients to manage and scale IoT applications through a unified orchestration system [2] - GSAT's integration of Band 53 spectrum and XCOM RAN solutions enhances its market capabilities, granting access to a broader customer base in the IoT and enterprise sectors [3] - GSAT's second-quarter 2025 results indicate growth in wholesale capacity services and commercial IoT initiatives, with an increase in average subscribers driven by strong activations [4] - Innovations like the RM200 two-way module and XCOM RAN are expected to further boost GSAT's revenue, with the RM200 module gaining traction in sectors such as oil & gas and defense [5] Competitive Landscape - The satellite and communication industry is highly competitive, with significant players like Iridium Communications and Viasat expanding their market reach, which could impact GSAT's revenue if execution falters [6][9] - Iridium's commercial service segment, which accounts for 59% of its total revenues, is experiencing growth, driven by strong IoT performance [7] - Viasat's acquisition of Inmarsat has enhanced its capabilities, with plans to launch the ViaSat-3 Flight 2 satellite, which will double its bandwidth capacity [10] Financial Performance - GSAT stock has increased by 18.5% in the past month, outperforming the Zacks Satellite and Communication industry, which rose by 2% [11] - The stock is trading at a forward 12-month price/sales ratio of 18.23X, significantly higher than the industry's 1.5X [11] - Earnings estimates for GSAT have been revised upward, with a 77.1% increase for 2025 and a 200% increase for 2026 [11]

Company Overview - Telesat (TSAT) shares increased by 7.5% to close at $29.85, with a notable 27.7% gain over the past four weeks, driven by strong trading volume and interest in satellite and communication stocks due to rising demand for global connectivity [1] - The company is performing well in both its Low Earth Orbit (LEO) and Geostationary Orbit (GEO) satellite businesses, with significant momentum in the LEO segment, particularly through the Telesat Lightspeed program [2] Business Development - Telesat's commercial pipeline is robust, with a committed backlog for the Lightspeed program exceeding C$1 billion at the end of Q2 [2] - The company is making advancements in satellite development, ground infrastructure, and network software, including a partnership with Calian to develop the operational data platform for the Lightspeed LEO network [3] Financial Guidance - Telesat has reiterated its 2025 guidance, expecting revenues between C$405 million and C$425 million, with adjusted EBITDA projected between C$170 million and C$190 million [4] - Total capital expenditures are anticipated to be between C$900 million and C$1.1 billion, primarily related to the Lightspeed initiative [4] Earnings Expectations - The company is expected to report a quarterly loss of $0.94 per share, reflecting a year-over-year change of -1075%, with revenues projected at $69.96 million, down 31.1% from the previous year [5] - The consensus EPS estimate for Telesat has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [6] Industry Context - Telesat is part of the Zacks Satellite and Communication industry, where another company, EchoStar (SATS), experienced a 2.4% decline in its stock price, with a 17.5% return over the past month [6] - EchoStar's consensus EPS estimate has changed by +3.1% over the past month, reflecting a year-over-year change of -136.5% [7]

Core Insights - Iridium Communications Inc. has signed a Memorandum of Understanding (MOU) with Karrier One to integrate Iridium's NTN Direct IoT capabilities into Karrier One's ecosystem, enhancing global connectivity opportunities [1][11] - The collaboration aims to redefine connectivity beyond geographical limitations, with a bilateral agreement for technical integration and commercial rollout expected to follow [2] Collaboration Benefits - The partnership allows Karrier One deployers to connect sensors and devices globally, even in areas lacking terrestrial mobile networks, without needing local base stations [3] - Utilizing Iridium's low-Earth orbit satellite constellation, the collaboration provides reliable pole-to-pole coverage, facilitating immediate global connectivity for IoT solutions [4] - Key advantages include global reach for narrowband IoT devices, no infrastructure deployment, resilient M2M communications for critical industries, and seamless access to Iridium connectivity through Karrier One's platform [5] Recent Partnerships and Developments - Iridium has recently partnered with Deutsche Telekom to enhance global connectivity through its upcoming NTN Direct service, positioning both companies at the forefront of 5G-powered NTN [6] - In May 2025, Iridium collaborated with Syniverse to enable the global deployment of its NTN Direct service, aiming for direct-to-device and narrowband IoT connectivity integrated with terrestrial networks [7] Financial Outlook - Iridium is investing in R&D to enhance its technology infrastructure, with expectations to generate approximately $1 billion in annual service revenues by 2030 [8] - However, the company has revised its 2025 service revenue growth forecast down to 3-5% from an earlier estimate of 5-7%, citing various challenges including maritime broadband transition and revenue delays [9] Stock Performance - Iridium currently holds a Zacks Rank 3 (Hold), with its shares declining by 37.8% over the past year, contrasting with a 164.2% increase in the Zacks Satellite and Communication industry [10]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Gilat Satellite (GILT) - Gilat Satellite currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, GILT shares increased by 0.95%, matching the performance of the Zacks Satellite and Communication industry [5] - In a longer timeframe, GILT's monthly price change is 46.88%, significantly outperforming the industry's 24.39% [5] - GILT shares have surged by 81.36% over the past quarter and 169.57% over the last year, while the S&P 500 has only increased by 8.57% and 18.94%, respectively [6] Trading Volume - The average 20-day trading volume for GILT is 1,083,731 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for GILT has increased, raising the consensus estimate from $0.33 to $0.59 [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [9] Conclusion - Given the strong performance metrics and positive earnings outlook, GILT is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a compelling investment option [11]