Streetbeat News

ASTS

AST SpaceMobile, Inc.

Industry

Communication Equipment

AST SpaceMobile, Inc. operates space-based cellular broadband network for mobile phones. Its SpaceMobile service provides mobile broadband services for users traveling in and out of areas without terrestrial mobile services on land, at sea, or in flight. The company is headquartered in Midland, Texas.

Open

25.55

Mkt cap

6.9B

Volume

919K

High

26.11

P/E Ratio

-10.86

52-wk high

39.08

Low

24.48

Div yield

N/A

52-wk low

1.97

AST SpaceMobile Inc (NASDAQ:ASTS) shares surged 29.7% after announcing a definitive commercial agreement with AT&T Inc (NYSE:T) to provide space-based broadband. The agreement extends their collaboration until 2030. AST SpaceMobile also reported Q1 financial results, missing revenue estimates but beating EPS expectations.

Portfolio Pulse from Adam Eckert

May 16, 2024 | 1:16 pm

Cisco Systems, Inc. (NASDAQ:CSCO) shares rose sharply in pre-market trading after reporting stronger-than-expected Q3 financial results. The company beat revenue and earnings estimates and provided positive FY24 guidance. Other notable pre-market movers include Greenwave Technology Solutions, Inc. (NASDAQ:GWAV), Crown ElectroKinetics Corp. (NASDAQ:CRKN), and TSR, Inc. (NASDAQ:TSRI), among others.

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 12:28 pm

Market-Moving News for May 16th includes Walmart's Q1 2025 earnings beat, AST SpaceMobile's commercial agreement with AT&T, and Chubb's stock rise due to Berkshire Hathaway's stake.

Portfolio Pulse from ryanfaloona@benzinga.com

May 16, 2024 | 12:16 pm

AST SpaceMobile shares are trading higher following a definitive commercial agreement with AT&T and the release of mixed Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:17 am

Key stocks to watch on Thursday include Deere & Company, Cisco Systems, Walmart, AST SpaceMobile, and JD.com. Deere is expected to report strong earnings, Cisco posted better-than-expected Q3 results, Walmart is anticipated to release solid earnings, AST SpaceMobile announced a significant commercial agreement, and JD.com is expected to post quarterly earnings.

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 6:18 am

AST SpaceMobile Inc (NASDAQ:ASTS) shares surged 42.7% in after-hours trading following the announcement of a definitive commercial agreement with AT&T Inc (NYSE:T) and the release of its first-quarter financial results. Despite missing sales estimates, AST SpaceMobile beat earnings expectations and plans to launch its first five commercial satellites this summer.

Portfolio Pulse from Adam Eckert

May 15, 2024 | 8:40 pm

AST SpaceMobile shares are trading higher following the announcement of a definitive commercial agreement with AT&T. The company also reported mixed Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:28 pm

AST SpaceMobile (NASDAQ:ASTS) reported a Q1 2024 adjusted EPS of $(0.16), beating the analyst estimate of $(0.21). However, the company missed its sales estimate significantly, reporting $500,000 in sales against an expected $5.50 million.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:17 pm

AT&T and AST SpaceMobile have entered a definitive commercial agreement to provide the first space-based broadband network directly to everyday cell phones. AST SpaceMobile plans to launch its first commercial satellites this summer.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:13 pm

AT&T and AST SpaceMobile have announced a definitive commercial agreement to enhance mobile connectivity. This partnership aims to leverage AST SpaceMobile's satellite technology to provide improved coverage, especially in remote areas.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:08 pm

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