Globalstar (GSAT) in Focus: Stock Rises 6.4%

Zacks

Globalstar Inc. (GSAT) was a big mover last session, as the company saw its shares rise by over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up nearly 11% in the past one month time frame.

This satellite voice and data services company has seen one negative revision in the last one month and its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Globalstar currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

However, better-ranked stocks in the broader computer and technology sector include Accelrys Inc. (ACCL), Interactive Intelligence Group Inc. (ININ) and LivePerson Inc. (LPSN). While Interactive Intelligence Group and LivePerson hold a Zacks Rank #1 (Strong Buy), Accelrys carries a Zacks Rank #2 (Buy).

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GLOBALSTAR INC (GSAT): Free Stock Analysis Report

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