Conekt.ai Collaboration Might Change The Case For Investing In Globalstar (GSAT)

• In recent days, Conekt.ai announced a collaboration with Globalstar to integrate Globalstar's Band 53 spectrum and XCOM RAN technology into Conekt.ai's multi-network orchestration platform, aiming to enhance enterprise IoT connectivity across licensed spectrum, satellite, and public networks.
• This initiative highlights growing market momentum for hybrid IoT solutions and underscores the expanding importance of Globalstar's proprietary spectrum as demand for integrated satellite communications continues to rise.
• We'll explore how this collaboration, particularly the focus on hybrid network capabilities, could influence Globalstar's investment narrative moving forward.

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Globalstar Investment Narrative Recap

For investors considering Globalstar, the big-picture case relies on the company’s ability to monetize its satellite infrastructure and proprietary spectrum through recurring enterprise and government revenues. The recent collaboration with Conekt.ai reinforces Globalstar’s push toward hybrid IoT networking, but does not materially alter the company’s most important near-term catalyst, which remains converting large contracts in government and defense markets. The biggest risk still centers on long sales cycles and customer delays, which could undermine predictable revenue growth in the coming quarters.

Among recent announcements, the transition of Globalstar’s proof-of-concept with Parsons Corporation to a commercial phase directly links to this critical government business. This development not only signals proof of market fit in the defense sector, but also supports the narrative that successful large-scale contract execution is essential to Globalstar’s earnings trajectory and long-term growth.

However, investors should also be aware that in contrast to the promise of new IoT solutions, long and unpredictable sales cycles remain a risk for Globalstar, especially as...

Read the full narrative on Globalstar (it's free!)

Globalstar's narrative projects $383.1 million revenue and $75.2 million earnings by 2028. This requires 13.7% yearly revenue growth and a $124.2 million earnings increase from -$49.0 million today.

Uncover how Globalstar's forecasts yield a $60.00 fair value, a 38% upside to its current price.

Exploring Other Perspectives

Simply Wall St Community users generated 10 individual fair value estimates for Globalstar ranging from US$1.99 to US$60 per share. While optimism about recurring government revenue is high, these diverse views show how much depends on contract execution.

Explore 10 other fair value estimates on Globalstar - why the stock might be worth as much as 38% more than the current price!

Build Your Own Globalstar Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Globalstar research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Globalstar research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Globalstar's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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