Globalstar: Apple's Satellite Service Expansion And Nasdaq Uplisting Could Launch This Stock Into Orbit
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Globalstar's extended agreement with Apple is expected to double its annual revenues and improve profitability. The anticipated Nasdaq uplisting in Q1 2025, along with a reverse stock split, could attract more institutional investors. The IOT segment is also seen as a potential growth area.
November 27, 2024 | 6:45 am
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Globalstar's agreement with Apple is set to double its revenues and improve margins. The upcoming Nasdaq uplisting and reverse stock split could attract institutional investors, while the IOT segment offers additional growth potential.
The extended agreement with Apple is a significant revenue driver, expected to double Globalstar's annual revenues and improve profitability. The Nasdaq uplisting and reverse stock split are strategic moves to attract institutional investors, which could positively impact the stock price. Additionally, the IOT segment's potential to leverage the new MSS network capacity aligns with market expansion trends, further supporting growth.
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