EchoStar Corporation, together with its subsidiaries, provides broadband satellite technologies and broadband Internet services. It operates in two segments, Hughes and EchoStar Satellite Services (ESS). The Hughes segment provides broadband satellite technologies and internet services for home and small to medium-sized businesses; broadband network technologies; managed services; equipment, hardware, and communication solutions, as well as satellite services to service providers and enterprise customers; and designs, provides, and installs gateways and terminal equipment. This segment also designs, develops, constructs, and provides telecommunication networks comprising satellite ground segment systems and terminals for mobile system operators and enterprise customers. The ESS segment provides satellite services using its owned and leased in-orbit satellites and related licenses on a full-time and/or occasional-use basis to the United States government service providers, Internet service providers, broadcast news organizations, content providers, and private enterprise customers, which include aeronautical and government enterprises. It serves in North America, South and Central America, Asia, Africa, Australia, Europe, India, and the Middle East. EchoStar Corporation was incorporated in 2007 and is headquartered in Englewood, Colorado.
IPO Year:
Exchange: NASDAQ
Website: echostar.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/1/2024 | Strong Buy → Mkt Perform | Raymond James | |
| 8/12/2024 | $12.00 | Neutral → Underweight | JP Morgan |
| 1/17/2024 | $18.00 | Neutral | JP Morgan |
| 8/7/2023 | $28.00 | Outperform → Strong Buy | Raymond James |
| 11/4/2022 | $57.00 → $27.00 | Strong Buy → Outperform | Raymond James |
| 2/25/2022 | $64.00 → $60.00 | Strong Buy | Raymond James |
| 11/10/2021 | $63.00 → $64.00 | Strong Buy | Raymond James |
ENGLEWOOD, Colo., Oct. 28, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ:SATS) ("EchoStar"), today announced that DISH DBS Corporation ("DBS") has amended certain terms of its previously announced offers to exchange (the "Exchange Offers") any and all of its (a) 5.25% Senior Secured Notes due 2026 (the "Outstanding 2026 DBS Secured Notes"), (b) 5.75% Senior Secured Notes due 2028 (the "Outstanding 2028 DBS Secured Notes"), (c) 7.75% Senior Notes due 2026 (the "Outstanding 2026 DBS Notes"), (d) 7.375% Senior Notes due 2028 (the "Outstanding 2028 DBS Notes") and (e) 5.125% Senior Notes due 2029 (the "Outstanding 2029 DBS Notes" and, together with the Outstanding 2026 DBS Secured Notes, the
Hughes leading-edge technology is ready to transform IFEC for business jet market GERMANTOWN, Md., Oct. 28, 2024 /PRNewswire/ -- Hughes Network Systems, LLC, an EchoStar company (NASDAQ:SATS), announced the Gogo Galileo HDX Electronically Steerable Antenna (ESA) built by Hughes has completed its test flight on a Bombardier Challenger 300. A commercial aviation variant will be available from Hughes in the first half of 2025, using the same flight-proven technology. "Business jet owners can unlock the full potential of LEO connectivity with the Hughes ESA to deliver a seamless,
Recognized as a leading managed security service provider GERMANTOWN, Md., Oct. 15, 2024 /PRNewswire/ -- Hughes Network Systems, an EchoStar company (NASDAQ:SATS), announced it was named the 2024 Managed Security Service Provider (MSSP) of the Year by CyberSecurity Breakthrough. The award recognized Hughes as a leading MSSP that provides businesses of all sizes with managed network and security solutions. "As cybercriminals become increasingly sophisticated, it is essential to have the right tools and expertise to protect your business," said Dan Rasmussen, senior vice presid
Launch of Exchange Offers Satisfies Key Milestone in Implementation of EchoStar's Balance Sheet Optimization Transactions and Increased Support from Existing Stakeholders Now Representing Over 90% of DISH's Approximately $5 Billion of Existing Convertible Notes Satisfies Minimum Tender Condition ENGLEWOOD, Colo., Oct. 10, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ:SATS) ("EchoStar"), a global, fully integrated communication and content delivery leader and provider of technology, spectrum, engineering, manufacturing, networking services, television entertainment and connectivity, today announced that it has commenced offers to exchange (the "exchange offers") (i) any and all of the 0%
Partnership Enables Satellite Coverage Across Europe, Facilitating Personal Connectivity and Addressing the Digital Divide in Remote and Off-Grid Regions DUBLIN and COIMBRA, Portugal, Oct. 8, 2024 /PRNewswire/ -- EchoStar Mobile, a leader in satellite communications, and Connected, a startup dedicated to delivering universal, cost-effective narrowband connectivity from space, have announced a strategic partnership to revolutionize off-grid connectivity. This collaboration introduces Connected One, a cutting-edge IoT solution that leverages EchoStar's satellite technology to bridge connectivity gaps in remote and underserved regions, ensuring users stay connected and safe, even when venturing
Agreement to sell DISH DBS to DIRECTV refocuses portfolio on growing wireless and satellite connectivity marketsRaises $5.1 billion of capital from existing stakeholders for investment in nationwide 5G Open RAN network and other general corporate purposes Funds near-term maturity and significantly reduces refinancing needs in the next 24-36 months Provides access to approximately $1.5 billion of DISH Pay-TV cash flow pending closing of DISH DBS sale1Conference call for EchoStar investors at 8:30 am ET Monday Sept 30thENGLEWOOD, Colo., Sept. 30, 2024 /PRNewswire/ -- EchoStar Corporation ("EchoStar"), a global, fully integrated communication and content delivery leader and provider of technolo
Subject to the Satisfaction of the Terms and Conditions Described in the Exchange Offering Memorandum, the New DBS Notes Will Be Mandatorily Exchanged for New Secured Notes Issued by DTV Issuer (as defined herein) immediately prior to the consummation of the Acquisition Transaction (as defined below) ENGLEWOOD, Colo., Sept. 30, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ:SATS) ("EchoStar"), today announced that DISH DBS Corporation ("DBS") has commenced offers to exchange (the "Exchange Offers") any and all of its (a) 5.25% Senior Secured Notes due 2026 (the "Outstanding 2026 DBS Secured Notes") for an equal principal amount of its new 5.25% First Lien Notes due 2026 (the "New 2026 DB
Will Provide U.S. Consumers with More Flexibility and Better Value in the Highly Competitive Video Industry Currently Dominated by Large Tech Companies and Programmers DIRECTV Will Be Better Able to Work with Programmers to Deliver to Consumers Smaller Content Packages at Lower Price Points Combined Company Will Be Better Able to Bring Together Multiple Content Sources in One Easily Accessible Place Improves EchoStar's Financial Profile as It Continues to Enhance and Further Deploy Its Nationwide 5G Open RAN Wireless Network DIRECTV to Host Conference Call Today at 9:30 AM ET EchoStar to Host Conference Call Today at 8:30 AM ET EL SEGUNDO, Calif. and ENGLEWOOD, Colo., Sept. 30, 2024 /PRNew
LITTLETON, Colo., Sept. 20, 2024 /PRNewswire/ -- Today the FCC took a significant step to promote competition in the wireless market by granting EchoStar's 5G network buildout framework. The updated framework enables EchoStar to optimize and enhance its coast-to-coast buildout of the world's first cloud-native Open RAN 5G Boost Mobile Network, while more efficiently deploying the network in new areas of the country. The pricing and innovation improvements from EchoStar's continued presence in the wireless market is a win for all American consumers. Benefits of the FCC's new f
Transform any HDMI-capable screen into a dynamic display, enhancing employee and customer engagement GERMANTOWN, Md., Sept. 17, 2024 /PRNewswire/ -- Hughes Network Systems, an EchoStar (NASDAQ:SATS) company, expands accessibility of digital signage with the launch of the HS600 Media Player, a cutting-edge solution that delivers seamless live television and content playback on any HDMI-enabled screen, without replacing existing displays. This innovative technology allows businesses to bring high-quality video and live programming to screens where customers and employees' attention is naturally focused.
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Hughes Extends In-Flight Connectivity Services to Airbus Aircraft HAMBURG, Germany, May 28, 2024 /PRNewswire/ -- (Aircraft Interiors Expo, Booth 2B70) – Hughes Network Systems, LLC (HUGHES), an EchoStar company (NASDAQ:SATS), has signed a Memorandum of Understanding (MoU) with Airbus to become a managed service provider (MSP) for the Airbus HBCplus catalogue offering to airlines. "Reinventing IFEC is not just a goal; it's our mission," stated Reza Rasoulian, Senior Vice President of the Aviation Business Unit at Hughes. "Our collaboration with Airbus demonstrates our commitmen
Contract Extension Awarded for 5G Deployments at bases in Washington and Hawaii to Help DoD Evaluate 5G Applications and LEO/GEO SATCOM Resiliency ENGLEWOOD, Colo., March 18, 2024 /PRNewswire/ -- Today, EchoStar (NASDAQ:SATS) announced the contract period of performance extension by the Department of Defense (DoD) Office of the Under Secretary of Defense for Research and Engineering (OUSD(R&E)) FutureG Office, for the continued deployment of standalone 5G networks at Joint Base Pearl Harbor-Hickam (JBPHH) in Hawaii and at the Naval Air Station Whidbey Island (NASWI) in Washington State. The contract extension builds on the award for NASWI in 2021 and additional expansion in Hawaii in 2022, e
NEW YORK, Dec. 27, 2023 /PRNewswire/ -- EchoStar Corp. (NASD:SATS) will replace DISH Network Corp. (NASD:DISH) in the S&P SmallCap 600 effective prior to the open of trading on Tuesday, January 2. EchoStar is acquiring DISH Network in a transaction expected to be completed on or about that date pending final conditions. Following is a summary of the change that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector January 2, 2024 S&P SmallCap 600 Addition EchoStar SATS Communication Services S&P SmallCap 600 Deletion DISH Network DISH Communication Services For more information about S&P Dow Jones Indices,
LONDON, Jan. 15, 2021 /PRNewswire/ -- OneWeb, the Low Earth Orbit (LEO) satellite communications company jointly owned by the UK Government and Bharti Global, announced today that it has secured additional funding from SoftBank Group Corp. ("SoftBank") and Hughes Network Systems LLC ("Hughes"), bringing OneWeb's total funding to $1.4 billion. The capital raised to date positions the Company to be fully funded for its first-generation satellite fleet, totaling 648 satellites, by the end of 2022. OneWeb's mission is to deliver broadband connectivity worldwide to bridge the global Digital Divide by offering everyone, everywhere access including to the Internet of Things (IoT) future and a pa
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Agreement to sell DISH DBS to DIRECTV refocuses portfolio on growing wireless and satellite connectivity marketsRaises $5.1 billion of capital from existing stakeholders for investment in nationwide 5G Open RAN network and other general corporate purposes Funds near-term maturity and significantly reduces refinancing needs in the next 24-36 months Provides access to approximately $1.5 billion of DISH Pay-TV cash flow pending closing of DISH DBS sale1Conference call for EchoStar investors at 8:30 am ET Monday Sept 30thENGLEWOOD, Colo., Sept. 30, 2024 /PRNewswire/ -- EchoStar Corporation ("EchoStar"), a global, fully integrated communication and content delivery leader and provider of technolo
Will Provide U.S. Consumers with More Flexibility and Better Value in the Highly Competitive Video Industry Currently Dominated by Large Tech Companies and Programmers DIRECTV Will Be Better Able to Work with Programmers to Deliver to Consumers Smaller Content Packages at Lower Price Points Combined Company Will Be Better Able to Bring Together Multiple Content Sources in One Easily Accessible Place Improves EchoStar's Financial Profile as It Continues to Enhance and Further Deploy Its Nationwide 5G Open RAN Wireless Network DIRECTV to Host Conference Call Today at 9:30 AM ET EchoStar to Host Conference Call Today at 8:30 AM ET EL SEGUNDO, Calif. and ENGLEWOOD, Colo., Sept. 30, 2024 /PRNew
ENGLEWOOD, Colo., Aug. 9, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ:SATS) announced its financial results for the three and six months ended June 30, 2024. Six Months Ended June 30, 2024: EchoStar reported total revenue of $7.97 billion for the six months ending June 30, 2024, compared to $8.74 billion in the year ago period.Net loss attributable to EchoStar in the first two quarters of 2024 was $312.97 million, compared to net income of $466.20 million in the year ago period. Diluted loss per share was $1.15, compared to earnings per share of $1.51 in the year ago per
ENGLEWOOD, Colo., Aug. 5, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ:SATS) will host a conference call to discuss its second quarter 2024 financial results on Friday, August 9, 2024, at noon Eastern Time (ET). The conference call will be broadcast live in listen-only mode on EchoStar's investor relations website at EchoStar Investor Relations. To attend the call, please use the information below for dial-in access. When prompted on dial-in, please utilize the conference ID or ask for the "EchoStar Corporation Q2 2024 Earnings Conference Call." Participant conference num
ENGLEWOOD, Colo., May 8, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ:SATS) announced its financial results for the three months ended March 31, 2024. Three Months Ended March 31, 2024: EchoStar reported total revenue of $4.01 billion for the first quarter 2024, compared to $4.39 billion in the year ago quarter.Net loss attributable to EchoStar in the first quarter 2024 was $107.38 million, compared to net income of $253.53 million in the year ago quarter. Diluted loss per share was $0.40, compared to earnings per share of $0.82 in the year ago quarter.Consolidated OIBDA
ENGLEWOOD, Colo., May 2, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ:SATS) will host a conference call to discuss its first quarter 2024 financial results on Wednesday, May 8, 2024, at noon Eastern Time (ET). The conference call will be broadcast live in listen-only mode on EchoStar's investor relations website at EchoStar Investor Relations. To attend the call, please use the information below for dial-in access. When prompted on dial-in, please utilize the conference ID or ask for the "EchoStar Corporation Q1 2024 Earnings Conference Call." Participant conference numbe
ENGLEWOOD, Colo., Feb. 29, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ:SATS) announced its financial results for the three and twelve months ended December 31, 2023. Twelve Months Ended December 31, 2023: EchoStar reported 2023 total revenue of $17.02 billion, compared to $18.63 billion in 2022. The net decrease in revenue primarily resulted from subscriber declines, most significantly in its Pay-TV segment.Net loss attributable to EchoStar in 2023 was $1.70 billion, compared to net income of $2.48 billion in 2022. The net loss in 2023 was primarily attributable to a non
ENGLEWOOD, Colo., Feb. 27, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ:SATS) will host a conference to discuss its fourth quarter and full year 2023 financial results on Friday, March 1, 2024, at noon Eastern Time (ET). The conference call will be broadcast live in listen-only mode on EchoStar's investor relations website at EchoStar Investor Relations. To attend the call, please use the information below for dial-in access. When prompted on dial-in, please utilize the conference ID or ask for the "EchoStar Corporation Q4 and Full Year 2023 Earnings Conference Call." Par
ENGLEWOOD, Colo., Aug. 8, 2023 /PRNewswire/ -- EchoStar Corporation (NASDAQ:SATS) announced its financial results for the three and six months ended June 30, 2023. Three Months Ended June 30, 2023 Financial Highlights: Consolidated revenue of $453.1 million.Net income of $9.1 million, consolidated net income attributable to EchoStar common stock of $11.2 million, and basic and diluted earnings per share of common stock of $0.13.Consolidated Adjusted EBITDA of $153.3 million (see discussion and the reconciliation of GAAP to this non-GAAP measure below).Cash, cash equivalents an
ENGLEWOOD, Colo., Aug. 3, 2023 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) has changed the time of its second quarter 2023 financial results webcast to Tuesday, August 8, at 11:00 a.m. Eastern Time. The webcast will be live in listen-only mode on EchoStar's investor relations website at EchoStar Investor Relations. To participate via telephone and ask a question, participants must register using this online form. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN that can be used to access the call. The webcast of the call will be available on the EchoStar investor relations website for approximately one month, two hours following th
The industry-leading satellite ground platform will help Skyband expand into new verticals, services and applications
Building on successful programs with the US Department of Defense and collaboration with Telespazio to bring multi-orbit managed network solutions.
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Hughes Network Systems, LLC (HUGHES), an EchoStar Company (NASDAQ:SATS), unveiled its groundbreaking Low Earth Orbit (LEO) Electronically Steerable Antenna (ESA) for In-Flight Entertainment & Connectivity (IFEC) at the Aircraft Interiors Expo (AIX). This state-of-the-art technology is poised to transform the aviation industry by providing enterprise-grade, low latency, high-speed connectivity for global commercial aviation.
DISH Network and Hughes Network Systems, both EchoStar companies (NASDAQ:SATS), today announced a new bundled service offering that brings the power of DISH satellite TV together with Hughesnet® satellite internet to create a superior solution in TV and internet for rural America. In today's fast-paced, ultra-connected world, quality entertainment and reliable connectivity are crucial to the modern rural home, making this collaboration between DISH and Hughesnet a critical step toward enhanced accessibility across rural America. With this bundle, rural consumers –who are too often overlooked and left with limited options–can watch top-rated programming on their televisions, plus enjoy the be
EchoStar Corporation (NASDAQ:SATS) has secured an indefinite delivery, indefinite quantity (IDIQ) contract under the U.S. Naval Supply Systems Command’s Spiral 4 program for wireless products and services. Through its subsidiaries Hughes Network Systems and Boost Mobile, EchoStar will supply 5G wireless services and devices across all 50 U.S. states and U.S. territories and for international travel on temporary duty. Administered by the U.S. Navy, Spiral 4 also facilitates mobile device procurement and service plans for the Department of Defense and other federal agencies, potentially reaching a value of up to $2.7 billion over the next decade. The Spiral 4 program, beginning in M
Shares of Upstart Holdings, Inc. (NASDAQ:UPST) fell sharply during Wednesday's session after the company reported first-quarter financial results and issued second-quarter revenue guidance below estimates. Upstart reported first-quarter revenue of $128 million, which beat the consensus estimate of $124.867 million, according to Benzinga Pro. Upstart expects second-quarter revenue of approximately $125 million versus estimates of $140.83 million. The company anticipates a second-quarter adjusted EBITDA loss of approximately $25 million. Upstart shares dipped 10.3% to $21.96 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Reborn Coffee, In
Raymond James downgraded EchoStar from Strong Buy to Mkt Perform
JP Morgan downgraded EchoStar from Neutral to Underweight and set a new price target of $12.00
JP Morgan initiated coverage of EchoStar with a rating of Neutral and set a new price target of $18.00
Raymond James upgraded EchoStar from Outperform to Strong Buy and set a new price target of $28.00
Raymond James downgraded EchoStar from Strong Buy to Outperform and set a new price target of $27.00 from $57.00 previously
Raymond James reiterated coverage of EchoStar with a rating of Strong Buy and set a new price target of $60.00 from $64.00 previously
Raymond James reiterated coverage of EchoStar with a rating of Strong Buy and set a new price target of $64.00 from $63.00 previously
Raymond James reiterated coverage of EchoStar with a rating of Strong Buy and set a new price target of $63.00 from $55.00 previously
Raymond James reiterated coverage of EchoStar with a rating of Strong-Buy and set a new price target of $55.00 from $57.00 previously
Raymond James reiterated coverage of EchoStar with a rating of Strong-Buy and set a new price target of $55.00 from $57.00 previously