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-0.00396893532154332 -0.00545480960997465 -0.0143700553405625 -0.0107379181910637 -0.0218836263257301 -0.0614227411408873 -0.0754559983094054 -0.0754559983094054
Stock impact report

Why Globalstar Stock Just Rocketed 39% [The Motley Fool]

Globalstar, Inc. (GSAT) 
Last globalstar, inc. earnings: 2/27 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: globalstar.com/investors
Company Research Source: The Motley Fool
What happenedSatellite communications stockGlobalstar(NYSEMKT:GSATNokiaNYSE:NOKGlobalstar announced Thursday evening that Nokia has entered into an agreement with Tideworks , which provides terminal operating systems, to deploy Globalstar's Band 53 spectrum at the Port of Seattle.Image source: Getty Images.So whatThis is the second collaboration between Globalstar and Nokia at a United States port, Globalstar said, noting that Nokia is part of a group of priority partners that it worked with to develop the Band 53 ecosystem. That would seem to give Nokia a vested interest in patronize Globalstar over other potential providers.Now whatWhatever the reason, this latest agreement bodes well for continued deals with Nokia, the Finnish telecom giant -- and maybe evenimplies revenue growthI'm still not optimistic at all aboutGlobalstar's stock valuation Show less Read more
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