Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Iridium (NASDAQ:IRDM) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Globalstar (NASDAQ:GSAT) and the rest of the telecommunication services stocks fared in Q4.
Business services providers thrive by solving complex operational challenges for their clients, allowing them to focus on their secret sauce. But increasing competition from AI-driven upstarts has tempered enthusiasm,
and over the past six months, the industry has pulled back by 1.6%. This drawdown was disheartening since the S&P 500 stood firm.
Globalstar currently trades at $19.99 and has been a dream stock for shareholders. It’s returned 330% since April 2020, blowing past the S&P 500’s 91% gain. The company has also beaten the index over the past six months as its stock price is up 12%.
The $10-50 price range often includes mid-sized businesses with proven track records and plenty of growth runway ahead.
They also usually carry less risk than penny stocks, though they’re not immune to volatility as many lack the scale advantages of their larger peers.
Looking for insights into the US markets one hour before the close of the markets on Tuesday? Delve into the top gainers and losers of today's session and gain valuable market intelligence.
Stay up-to-date with the latest market trends in the middle of the day on Tuesday. Explore the top gainers and losers during today's session in our detailed report.
Globalstar Inc (AMEX:GSAT) shares are falling Wednesday after Apple Inc (NASDAQ:AAPL) teamed up with SpaceX to offer support for the Starlink satellite network on iPhones.
Apple has partnered with SpaceX and T-Mobile to bring Starlink satellite texting to iPhones, with a limited beta test rolling out via iOS 18.3, marking a major step toward expanding connectivity in remote areas.
