Top 5 Wireless Telecom Companies To Watch For 2015
NEW YORK (TheStreet) -- Globalstar (GSAT) stock is rallying on Thursday despite the company missing first-quarter revenue estimates.
By midday, shares had climbed 5.1% to $3.08. Trading volume of 5.8 million shares was nearly triple its three-month daily average.
Over its March-ending quarter, the company reported revenue of $20.5 million, a 6% year-over-year increase. Analysts surveyed by Thomson Reuters expected $23.62 million. Net losses of 4 cents a share were inline with estimates.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates GLOBALSTAR INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation: "We rate GLOBALSTAR INC (GSAT) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and weak operating cash flow." You can view the full analysis from the report here: GSAT Ratings Report Must Read: Warren Buffett's 10 Favorite Growth Stocks STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
Stock quotes in this article: GSAT
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