Shares of Globalstar, Inc. (NYSEMKT:GSAT) ended Thursday session in red amid volatile trading. The shares closed down -0.11 points or -7.19% at $1.42 with 6.84 million shares getting traded. Post opening the session at $1.52, the shares hit an intraday low of $1.42 and an intraday high of $1.73 and the price vacillated in this range throughout the day. The company has a market cap of $1.57 billion and the numbers of outstanding shares have been calculated to be 946.27 million shares.
Globalstar, Inc. (GSAT) on Aug. 18, 2016 announced the deployment of its satellite communications solutions to the Louisiana regions most affected by flooding in conjunction with its partner Disaster Tech Lab, a first responder communications specialist.
Coordinating with local Globalstar team members, Disaster Tech Lab has set up base operations in Prairieville, LA and will deliver much needed communication support to Southeast Louisiana by troubleshooting and fixing network issues as well as providing the use of satellite phones and satellite hot-spot units where traditional forms of communication have failed. Having traveled from all over the world, the team will be monitored via SPOT tracking as they carry out relief efforts.
Disaster Tech Lab is meeting with Incident Commanders and representatives of the affected communities, the Department of Homeland Security, First Responder organizations and Law Enforcement to assess needs for internet access and communication services.
According to Disaster Tech Lab team member Jonathan Creasy, who is carrying out the initial assessment of the area, the devastation is overwhelming, “We have driven through neighborhoods where you can see that water was up to the roof, and we are just on the outskirts. This was a widespread flood and there is a lot of work to be done.”
“With thousands of people in shelters and many more still being rescued, having Globalstar satellite equipment accessible to both emergency personnel and those affected can make a big difference in meeting immediate communication needs,” said Evert Bopp, founder of Disaster Tech Lab. “In addition, SPOT satellite trackers allow us to view the team remotely at any given moment and be reassured they are safe.”
Shares of Red Hat Inc (NYSE:RHT) ended Thursday session in red amid volatile trading. The shares closed down -0.04 points or -0.05% at $72.94 with 2.71 million shares getting traded. Post opening the session at $72.50, the shares hit an intraday low of $72.26 and an intraday high of $72.97 and the price vacillated in this range throughout the day. The company has a market cap of $13.22 billion and the numbers of outstanding shares have been calculated to be 181.10 million shares.
Red Hat Inc (RHT) announced that it will discuss results of its second quarter fiscal year 2017 on Wednesday, September 21, 2016, beginning at 5:00 p.m. ET.
A live webcast can be accessed on Red Hat’s Investor Relations Web page https://investors.redhat.com and a replay will be available beginning approximately two hours after the conclusion of the live events.