GSAT News & Events

The major averages finished the day sharply lower as investors grapple with pressure from renewed AI sentiment worries and tech-sector volatility. The Nasdaq looks particularly fragile with a 5% decline in February that marks its steepest monthly fall in over a year.Beyond tech, risk sentiment was cautious across the broader market following the January producer price index release, which points to hotter-than-expected inflation in inputs.Looking to commodities, gold and oil were both sharply higher, ending the week with notable gains overall.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Warner Bros. Discoverydetermined that Paramount'srevised takeover bid constitutesand Netflixdeclined to raise its offer for the companyOpenAI announced $110B in new investment funds at a $730B pre-money valuation, including Amazonin the ChatGPT makerDell Technologiesreported, raised its dividend, and added $10B to its share repurchase programBlockreported mixed quarterly results but said it wouldBrink'sNCR Atleosin a cash and stock transaction valued at $6.6B2. WALL STREET CALLS:Blockto Overweight from Equal Weight at Morgan StanleyDuolingowasto Neutral or equivalent ratings by at least six firms after earningsCelsiusto Buy from Underperform at BofASunrunto Hold at Jefferies and to Sell at GLJ ResearchUBSPalantirto Buy with shares down 35% from peak3. AROUND THE WEB:Paramount is expected to easily gain EU approval for its takeover of Warner Bros. Discovery, Reuters saysAppleis in discussions with ICICI Bank, HDFC Bank and Axis Bank as it looks to introduce its Apple Pay service in India mid-2026, Bloomberg saysCaesars Entertainmentis considering takeover offers, including a bid from Texas billionaire Tilman Fertitta, FT saysAmazon'schief AI scientist Peter DeSantis believes the company can use in-house chips to develop AI models more cheaply, WSJ saysMeta Platformshas inked an agreement to rent Google'sAI semiconductors, known as tensor processing units, to work on new AI models, The Information reports4. MOVERS:Applied Optoelectronicsincreases afterand providing guidance for Q1Arlo Technologiesgains afterand providing guidance for Q1 and FY26Figsand Rocket Pharmaceuticalshigher in New York afterSunrunfalls after, with EPS and revenue beating consensusPar Technologyand Progynylower after5. EARNINGS/GUIDANCE:NIQ Global, with CEO Jim Peck commenting, "Q4 exceeded expectations and capped a defining year for NIQ"inTEST, with EPS missing consensusCarter'sand provided guidance for FY26 and Q1Docebo, with CEO Alessio Artuffo commenting, "Q4 was one of Docebo's strongest quarters on record"Globalstarand provided guidance for FY26INDEXES:The Dow fell 521.28, or 1.05%, to 48,977.92, the Nasdaq lost 210.17, or 0.92%, to 22,668.21, and the S&P 500 declined 29.98, or 0.43%, to 6,878.88.

The major averages were broadly lower near noon as investors grapple with pressure from renewed AI sentiment worries and tech-sector volatility. The Nasdaq looks particularly fragile, tracking toward what would be its steepest monthly fall in over a year if current levels hold.Beyond tech, risk sentiment is cautious across the broader market following the January producer price index release, which points to hotter-than-expected inflation in inputs.Looking to commodities, gold and oil were both sharply higher, ending the week with notable gains overall.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Warner Bros. Discoverydetermined that Paramount'srevised takeover bidand Netflixdeclined to raise its offer for the companyOpenAI announcedat a $730B pre-money valuation, including Amazonagreeing to invest $50B in the ChatGPT makerDell Technologiesreported, raised its dividend, and added $10B to its share repurchase programBlockreported mixed quarterly results but said it wouldBrink'sNCR Atleosin a cash and stock transaction valued at $6.6B2. WALL STREET CALLS:Blockto Overweight from Equal Weight at Morgan StanleyDuolingowasto Neutral or equivalent ratings by at least six firms after earningsCelsiusto Buy from Underperform at BofASunrunto Hold at Jefferies and to Sell at GLJ ResearchUBSPalantirto Buy with shares down 35% from peak3. AROUND THE WEB:Appleis in discussions with ICICI Bank, HDFC Bank and Axis Bank as it looks to introduce its Apple Pay service in India mid-2026, Bloomberg saysCaesars Entertainmentis considering takeover offers, including a bid from Texas billionaire Tilman Fertitta, FT saysOpenAI has hired MetaAI researcher Ruoming Pang, who joined Meta from Appleabout seven months ago for a pay package reportedly worth more than $200M over several years, The Information reportsAmazon'schief AI scientist Peter DeSantis believes the company can use in-house chips to develop AI models more cheaply, WSJ saysMeta Platformshas inked an agreement to rent Google'sAI semiconductors, known as tensor processing units, to work on new AI models, The Information reports4. MOVERS:Applied Optoelectronicsincreases afterand providing guidance for Q1Arlo Technologiesgains afterand providing guidance for Q1 and FY26Figsand Rocket Pharmaceuticalshigher in New York afterSunrunfalls after, with EPS and revenue beating consensusPar Technologyand Progynylower after5. EARNINGS/GUIDANCE:NIQ Global, with CEO Jim Peck commenting, "Q4 exceeded expectations and capped a defining year for NIQ"inTEST, with EPS missing consensusCarter'sand provided guidance for FY26 and Q1Docebo, with CEO Alessio Artuffo commenting, "Q4 was one of Docebo's strongest quarters on record"Globalstarand provided guidance for FY26INDEXES:Near midday, the Dow was down 1.16%, or 577.27, to 48,921.93, the Nasdaq was down 0.82%, or 188.74, to 22,689.65, and the S&P 500 was down 0.56%, or 38.84, to 6,870.02.

Reports Q4 revenue $71.96M, consensus $70.64M. "2025 was a transformational year for Globalstar," said Paul Jacobs, Globalstar's CEO. "We advanced our strategy across every dimension of the business: from global infrastructure expansion to product innovation and growing commercial adoption across government, enterprise, and industrial markets. We expanded our addressable markets and validated technologies that position us at the center of next-generation satellite and private wireless connectivity. Throughout the year, we have made significant progress with our satellite and ground station partners and are now poised to deploy not only the satellites to replenish our existing constellation but also extend our reach with our third-generation system."

Sees FY26 adjusted EBITDA 50%. Jacobs continued, "As we enter 2026, we believe the momentum we have built gives us a strong foundation to scale. With replacement 2nd generation satellites rolling off the line, continued progress on key regulatory and network infrastructure initiatives, the commercial rollout of two-way IoT capabilities, and traction for XCOM RAN, we are moving decisively from groundwork to growth. We believe Globalstar is uniquely positioned to deliver differentiated connectivity solutions that combine satellite innovation, licensed spectrum, and proprietary wireless technology to meet the evolving needs of customers worldwide."