Are Globalstar, Inc.(NYSEMKT:GSAT), Global Eagle Entertainment Inc(NASDAQ:ENT), and Comtech Telecomm. Corp.(NASDAQ:CMTL) Poised To Break Out?
New York, NY – GDP INSIDER – 10/22/2014.
This article discusses three companies: Globalstar, Inc.(NYSEMKT:GSAT), Global Eagle Entertainment Inc(NASDAQ:ENT), and Comtech Telecomm. Corp.(NASDAQ:CMTL)
Globalstar, Inc.(NYSEMKT:GSAT) is a Louisiana-based wireless communications company that offers mobile voice and data communications services through satellite around the world. On Oct. 20th, the company released a press release that reiterated the value of its spectrum assets. Globalstar’s recent public relations efforts come in response to Kerrisdale Capital’s recent critique of the company’s offerings. The company holds that the investment firm is attempting to manipulate its stock price. Globalstar Inc. had a closing price of $2.26 on Tuesday.
Global Eagle Entertainment Inc(NASDAQ:ENT) is a California-based diversified entertainment company that offers content and connectivity to clients in the airline industry, including in-flight video content, information services, and e-commerce offerings for the airline industry. On Oct. 9th, the company was downgraded by TheStreet from Hold to Sell. Six days later, however, Global Eagle announced it had acquired content assets from Purple Media, a South Indian distributor in the airline in-flight entertainment market.
Comtech Telecomm. Corp.(NASDAQ:CMTL) is a New York-based communication equipment company that designs and markets products and services for communications solutions in the United States and international markets. Yesterday, the company announced that its Arizona-based subsidiary had been awarded a $2.3 million order for its Advanced VSAT satellite networking platform. Comtech Telecommunications is expected to release its next earnings report between Dec. 8th and Dec. 12th. The company has a market capitalization of $576.85 million and 16.2 million tradeable shares.
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