Últimas noticias sobre EchoStar (NASDAQ:SATS) Bolsa

EchoStar

Following the Dish Network merger, satellite television provides the bulk of EchoStar's revenue. The firm serves about 6 million us customers, about 10% of the traditional television market. It launched an internet-based television offering under the Sling brand in 2015 and serves about 2 million customers on this platform. EchoStar's future, however, hinges primarily on the wireless business. The firm has amassed an extensive portfolio of spectrum licenses over the past 15 years and is building a nationwide wireless network. It acquired Sprint's prepaid business and serves about 7 million customers, primarily under the Boost brand. EchoStar's legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 1 million internet customers.

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Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este viernes: SATS, TTWO, AXL, DOCS y AMCX.

5 acciones en el foco este viernes: SATS, TTWO, AXL, DOCS y AMCX

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<h3>Gainers</h3>
<ul>
<li>Fangdd Network Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares increased by 126.1% to $2.85 during Monday's regular session. The market value of their outstanding shares is at $18.4 million. </li>
<li>36KR Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRKR#NASDAQ">KRKR</a>) stock rose 22.25% to $0.29. The market value of their outstanding shares is at $11.3 million. </li>
<li>9F (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFU#NASDAQ">JFU</a>) stock rose 20.0% to $2.76. The company's market cap stands at $32.4 million. </li>
<li>HWH International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) stock moved upwards by 17.31% to $0.82. The company's market cap stands at $13.3 million. </li>
<li>NIP Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIPG#NASDAQ">NIPG</a>) shares moved upwards by 15.93% to $8.19. The company's market cap stands at $460.3 million. </li>
<li>iHuman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IH#NYSE">IH</a>) stock increased by 13.92% to $2.34. The market value of their outstanding shares is at $122.9 million. As per the press release, Q2 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>VS Media Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSME#NASDAQ">VSME</a>) stock fell 18.4% to $0.8 during Monday's regular session. The market value of their outstanding shares is at $2.6 million. </li>
<li>EchoStar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) stock declined by 12.13% to $24.64. The market value of their outstanding shares is at $6.6 billion. </li>
<li>Snail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNAL#NASDAQ">SNAL</a>) stock declined by 9.22% to $0.69. The market value of their outstanding shares is at $25.2 million. </li>
<li>E W Scripps (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>) shares declined by 8.3% to $2.15. The company's market cap stands at $184.0 million. </li>
<li>Asset Entities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) stock fell 8.17% to $1.35. The company's market cap stands at $4.6 million. </li>
<li>Motorsport Games (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSGM#NASDAQ">MSGM</a>) shares decreased by 8.14% to $1.58. The company's market cap stands at $6.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Communication Services Stocks Moving In Monday's Intraday Session

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Live On CNBC, EchoStar CEO Hamid Akhavan Discusses Wireless Business

WIIM

EchoStar shares are trading lower. The company announced DirecTV will acquire its video business including Dish TV for a $11.7 billion debt exchange deal.

EchoStar Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) shares are trading lower. The company on Monday announced that DirecTV will acquire its <a href="https://www.benzinga.com/pressreleases/24/09/n41088487/directv-to-acquire-echostars-video-distribution-business-including-dish-tv-and-sling-tv">video distribution business</a>.
What Happened: EchoStar and DirecTV entered into a definitive agreement in which DirecTV will acquire EchoStar&#8217;s video distribution business, including DISH TV and Sling TV, through a debt exchange transaction.
&#8220;This agreement is in the best interests of EchoStar&#8217;s customers, shareholders, bondholders, employees, and partners,&#8221; said&nbsp;Hamid Akhavan, president and CEO of EchoStar. 
&#8220;With an improved financial profile, we will be better positioned to continue enhancing and deploying our nationwide 5G Open RAN&nbsp;wireless network. This will provide U.S. wireless consumers with more choices and help to drive innovation at a faster pace. We expect DISH and EchoStar bondholders to benefit from two companies with stronger financial profiles and more sustainable capital structures.&#8221;
Under terms of the agreement, <a href="https://www.benzinga.com/m-a/24/09/41089650/at-t-gets-major-exit-cue-as-directv-clinches-dish-deal">DirecTV </a>will acquire EchoStar&#8217;s video business for a nominal consideration of $1 plus the assumption of Dish DBS net debt. Dish and DirecTV have commenced an exchange offer for five different series of Dish DBS notes with a total face value of approximately&nbsp;$9.75 billion. The transaction is expected to close in the fourth quarter of 2025.
See Also: <a href="https://www.benzinga.com/news/24/09/40826886/t-mobile-sends-first-wireless-emergency-alert-via-spacexs-starlink-satellites-in-space">T-Mobile Sends First Wireless Emergency Alert Via SpaceX&#8217;s Starlink Satellites In Space</a>
The combined offerings are expected to give consumers more choice and better value. The combined video company is expected to allow programmers to deliver packages at lower prices, bring together multiple content sources in one place, have enhanced ability to invest to improve its services, and help realize efficiencies of shared infrastructure.
The transaction is also expected to benefit U.S. wireless consumers by allowing EchoStar to focus on enhancing and further deploying its 5G Open RAN cloud-native wireless network. 
EchoStar also announced that TPG Angelo Gordon and certain co-investors have provided&nbsp;$2.5 billion&nbsp;of financing. All holders of Dish convertible notes will have the opportunity to exchange their notes for new secured notes and secured convertible notes of EchoStar maturing in 2030.&nbsp;
In addition, certain members of the Dish supporting investors and a related party of&nbsp;chairman Charles Ergen have entered into a commitment agreement in which EchoStar will issue&nbsp;$5.1 billion&nbsp;of new senior secured notes maturing in 2029 for cash.
The&nbsp;$5.1 billion&nbsp;new money financing from the Supporting Investors will provide EchoStar with significant capital for the buildout of its Boost Mobile nationwide 5G Open RAN network.&nbsp;
&#8220;With an improved financial profile and a unique approach, we expect to gain&nbsp;share, drive shareholder value, and provide more options for U.S. wireless consumers. Our collaboration with our existing stakeholders to achieve this holistic recapitalization solution at EchoStar is a testament to their continued support of our vision, and we greatly appreciate their partnership and continued investment in our mission,&#8221; Akhaven said.
SATS Price Action: <a href="http://benzinga.com/quote/sats">EchoStar shares</a> were down 15.2% at $23.84 at the time of publication Monday, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Contracts

EchoStar Stock Dives On DirecTV, Dish Deal: The Details

DIRECTV (the "Company") and EchoStar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) today announced that they have entered into a definitive agreement under which DIRECTV will acquire EchoStar's video distribution business DISH DBS ("DISH"), including DISH TV and Sling TV, through a debt exchange transaction. The combination of DIRECTV and DISH will benefit U.S. video consumers by creating a more robust competitive force in a video industry dominated by streaming services owned by large tech companies and programmers. The transaction will provide consumers with compelling video options while separately improving EchoStar's financial profile as it continues to enhance and further deploy its nationwide 5G Open RAN wireless network.
"DIRECTV operates in a highly competitive video distribution industry," said Bill Morrow, Chief Executive Officer, DIRECTV. "With greater scale, we expect a combined DIRECTV and DISH will be better able to work with programmers to realize our vision for the future of TV, which is to aggregate, curate, and distribute content tailored to customers' interests, and to be better positioned to realize operating efficiencies while creating value for customers through additional investment."
"This agreement is in the best interests of EchoStar's customers, shareholders, bondholders, employees, and partners," said Hamid Akhavan, President and Chief Executive Officer, EchoStar. "With an improved financial profile, we will be better positioned to continue enhancing and deploying our nationwide 5G Open RAN&nbsp;wireless network. This will provide U.S. wireless consumers with more choices and help to drive innovation at a faster pace. We expect DISH and EchoStar bondholders to benefit from two companies with stronger financial profiles and more sustainable capital structures."
"DIRECTV was founded 30 years ago to give consumers greater choices than incumbent cable companies for video content, and the Company's acquisition of DISH TV and Sling TV positions it to again provide more choices and better value in an industry currently dominated by large streaming platforms," said David Trujillo and John Flynn, Partners at TPG. "Our ability to execute these transactions, alongside our proposed acquisition of AT&amp;T's 70% stake in DIRECTV announced earlier today, exemplifies the unique capabilities of the TPG platform and our experienced sector-focused investment approach as we support DIRECTV's continued investment in innovating the next generation of video services that benefit consumers."
Compelling Transaction Benefits
A combination of DIRECTV and DISH will help the new company provide consumers with more choices and better value. The combined video company is expected to:
<ul>
<li>Have increased scale to incentivize programmers to allow DIRECTV to deliver smaller packages at lower price points. &nbsp;</li>
<li>Be better positioned to bring together multiple content sources in one easily accessible place. &nbsp;</li>
<li>Have an enhanced ability to make the investments required to improve its streaming services. &nbsp;</li>
<li>Improve the viability of the satellite platform by realizing efficiencies of some shared fixed infrastructure and operating expenses. &nbsp;</li>
<li>Continue to provide the broadest array of programming and diverse voices available on pay TV, including local news.</li>
</ul>
The transaction will also benefit U.S. wireless consumers by allowing EchoStar to focus on enhancing and further deploying its 5G Open RAN cloud-native wireless network. This transaction will:
<ul>
<li>Alleviate a material portion of EchoStar's financial constraints. &nbsp;</li>
<li>Free up operational and financial resources that EchoStar can dedicate to its mission of deploying a nationwide facilities-based wireless service to compete with dominant incumbent wireless carriers.&nbsp; &nbsp;</li>
<li>Benefit consumers by enabling EchoStar (through its Boost Mobile brand) to strengthen its position as the fourth facilities-based carrier in the U.S. &nbsp;</li>
<li>Enable EchoStar to further leverage its satellite assets and experience, including developing innovative direct-to-device (D2D) solutions.&nbsp;</li>
</ul>
Highly Competitive Industry
The video distribution industry has undergone a massive transformation and is highly competitive, now dominated by streaming services owned by large tech companies and programmers.
<ul>
<li>Streaming services owned by large tech companies and programmers now have subscription numbers that far exceed those of pay TV distributors. &nbsp;</li>
<li>Content that was historically the mainstay of traditional pay TV – news, sports, and entertainment – is now available exclusively or first-run on direct-to-consumer streaming services. &nbsp;</li>
<li>The vast majority of consumers who leave satellite video are "cutting the cord" for streaming services – wherever they live.&nbsp;
<ul>
<li>Combined, DIRECTV and DISH have collectively lost 63% of their satellite customers since 2016. &nbsp;</li>
<li>Traditional pay TV penetration in U.S. households is now less than 50%.</li>
</ul>
</li>
</ul>
Improve Both Companies' Financial Profiles
The transaction is expected to strengthen the financial profiles of DIRECTV and EchoStar, creating opportunities for additional investment.
<ul>
<li>Upon transaction close, DIRECTV expects to have a leverage position&nbsp;just over 2.0x, and plans to reduce to under 2.0x within 12 months, consistent with its stated 1.5x - 2.0x financial policy on a pro forma basis.&nbsp;As a result, DIRECTV will have one of the best leverage profiles in the pay TV industry. &nbsp; &nbsp;</li>
<li>DIRECTV estimates that the combination of DIRECTV and DISH has the potential to generate cost synergies of at least $1 billion per annum. These synergies are expected to be achieved by the third anniversary of closing, assuming the closing is in late 2025.1 &nbsp;</li>
<li>The transaction will provide EchoStar with greater financial flexibility by improving its access to capital and reducing overall refinancing needs.
<ul>
<li>At close, EchoStar will have reduced its total consolidated debt&nbsp;(excluding financing leases and other notes payable)&nbsp;by&nbsp;approximately&nbsp;$11.7 billion and reduced its consolidated refinancing needs through 2026 by&nbsp;approximately&nbsp;$6.7 billion&nbsp;(excluding financing leases and other notes payable). &nbsp;</li>
<li>The transaction, in conjunction with the exchange offer announced today (the "Exchange Offer"), will also result in the termination of all Intercompany Obligations between DISH Network and DISH DBS and creates the ability for EchoStar to fully unencumber the 3.45-3.55 GHz spectrum, unlocking incremental strategic and operating flexibility.</li>
</ul>
</li>
</ul>
Transaction Details
Under the terms of the purchase agreement, DIRECTV will acquire EchoStar's video distribution business, including DISH TV and Sling TV, in exchange for a nominal consideration of $1 plus the assumption of DISH DBS net debt. DISH Network will also benefit from the releases of a substantial amount of intercompany receivables, including spectrum, but will have contractually limited access to the cash flow generated by its business between signing and closing. DISH DBS and DIRECTV have commenced the Exchange Offer for five different series of DISH DBS notes with a total face value of approximately $9.75 billion, including seeking certain consents from the holders of such notes to facilitate the acquisition. The indentures governing the new DISH DBS&nbsp;notes will provide for an amendment without the consent of holders of the new DISH DBS notes to allow for the mandatory exchange of such notes following receipt of certain regulatory approvals and provided the acquisition has been or will be consummated before the outside date described in the purchase agreement, into a reduced principal amount of DIRECTV debt which will have terms and collateral that mirror DIRECTV's existing secured debt. Such mandatory exchange is conditioned, amongst other things, on an aggregate reduction in the principal amount of DISH DBS' notes in such exchange of at least $1.568 billion. If noteholders do not accept the Exchange Offer on terms satisfactory to DIRECTV, including to the extent the above mentioned minimum principal reduction is not achieved, it has the right to terminate the acquisition without closing.
The transaction is subject to various closing conditions, including, but not limited to, a requisite amount of the outstanding DISH DBS notes being tendered into the Exchange Offer, completion of a pre-closing reorganization, and receipt of required regulatory approvals.
In addition, TPG Angelo Gordon and certain of its Co-Investors, as well as DIRECTV, provided $2.5 billion of financing to fully refinance DISH DBS' November 2024 debt maturity. The proceeds of the funding will be distributed to DISH DBS via a secured intercompany loan to fully repay DISH DBS' November 2024 debt maturity and for general corporate purposes. The financing can be exchanged or refinanced into DIRECTV debt at the closing of the acquisition.
"We built our business to provide bespoke financing solutions. We are pleased to partner with DIRECTV and DISH DBS on a transaction that is value-enhancing for all stakeholders," said Ryan Mollett, Partner, and Michael Ginnings, Managing Director, TPG Angelo Gordon.
Leadership and Corporate Governance
Upon closing of this transaction, DIRECTV will be led by a proven management team that reflects the strengths and capabilities of both organizations. DIRECTV will continue to be led by&nbsp;Bill Morrow, DIRECTV's Chief Executive Officer, and Ray Carpenter, DIRECTV's Chief Financial Officer. The combined company will be headquartered in El Segundo, California.
TPG Inc. to Acquire AT&amp;T's 70% Stake in DIRECTV
TPG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>) and AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) today announced a definitive agreement under which TPG will acquire from AT&amp;T the remaining 70% stake in DIRECTV that it does not already own. TPG will invest in DIRECTV through TPG Capital, the firm's U.S. and European private equity platform. The transaction between TPG and AT&amp;T is expected to close in the second half of 2025, subject to customary closing conditions. Completion of this transaction is not contingent on DIRECTV's acquisition of DISH.

DIRECTV to Acquire EchoStar's Video Business Including DISH TV in $11.7B Debt Exchange Deal

EchoStar shares are trading higher after the WSJ reported DirecTV is near a deal to acquire the company's Dish and Sling businesses.

DirecTV and Dish Network are reportedly in advanced talks to merge, potentially creating the largest U.S. pay-TV provider, with around 20 million subscribers. If completed, the deal could be announced in the coming days, the Wall Street Journal reported.
According to <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-09-26/directv-dish-are-said-close-to-clinching-merger-agreement" rel="noreferrer noopener">Bloomberg</a>, DirecTV, owned by AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) and TPG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>), will control the newly formed entity, though details are still under negotiation.
The two companies have been steadily losing customers, with viewers opting for cheaper, more flexible streaming services such as Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).
A merger would help DirecTV and EchoStar Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>), Dish&#8217;s owner, better compete with streaming services while addressing Dish&#8217;s rising debt levels.
Charlie Ergen, co-founder of Dish, has long sought this combination, though regulatory concerns hindered previous merger attempts. However, shifting from traditional pay TV to streaming may change regulators&#8217; stance.
According to the WSJ report, DirecTV currently <a target="_blank" href="https://www.wsj.com/business/media/directv-and-dish-near-deal-that-has-eluded-them-for-years-04238d00?mod=latest_headlines" rel="noreferrer noopener">serves</a> about 11 million customers, while Dish has 8 million, which is down significantly from its peak a decade ago.
The pay-TV industry has faced mounting challenges as viewers transition to streaming, with U.S. subscribers falling from 104 million in 2015 to less than 70 million in 2023. Both companies seek ways to cut costs and adapt to the rapidly evolving entertainment landscape.
A deal would also include Dish&#8217;s streaming brand, Sling TV, offering a broader range of services under the merged entity.
AT&amp;T previously spun off DirecTV in 2021, moving it into a joint venture with TPG. The telecom giant took a $15.5 billion impairment charge in 2020 to account for subscriber losses, while Dish has shifted focus to building a wireless network, accumulating debt in the process.
Regulatory hurdles remain a concern, particularly in rural areas where satellite TV has been a dominant service.
Price Action: At last check Friday, SATS stock was up 4.62% to $26.95&nbsp;during the premarket session. T stock was up 0.18% to $21.69.
Read Next:
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Image via DirecTV

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Struggling Satellite-TV Players DirecTV And Dish Merger Could Be Finalized Soon: WSJ

<a href="https://www.wsj.com/business/media/directv-and-dish-near-deal-that-has-eluded-them-for-years-04238d00" title="https://www.wsj.com/business/media/directv-and-dish-near-deal-that-has-eluded-them-for-years-04238d00">https://www.wsj.com/business/media/directv-and-dish-near-deal-that-has-eluded-them-for-years-04238d00</a>

The Wall Street Journal Reported Thursday, DirecTV Near Deal to Acquire EchoStar's Dish and Sling Businesses

U.S. stocks were mixed, with the Dow Jones index gaining around 200 points on Monday.
Shares of Alcoa Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) rose sharply during Monday's session after the company agreed to sell its 25.1% joint venture stake in Ma&#8217;aden for $1.1 billion, including $950 million <a href="https://www.benzinga.com/markets/equities/24/09/40873786/alcoa-pockets-1-1b-from-saudi-joint-venture-sale-details">in Ma&#8217;aden shares.</a>
Alcoa shares jumped 6.5% to $34.63 on Monday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Ascendis Pharma A/S (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASND#NASDAQ">ASND</a>) shares jumped 19.8% to $142.76 after the company announced topline data from its pivotal approach trial of Transcon CNP (Navepegritide).</li>
<li>Bausch + Lomb Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NASDAQ">BLCO</a>) shares gained 15% to $17.86. Needham reiterated a Hold rating on Bausch &amp; Lomb.</li>
<li>Nuvalent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUVL#NASDAQ">NUVL</a>) climbed 12.8% to $98.70 after the company highlighted results for its ROS1 and ALK-Positive NSCLC programs and accelerated its development timeline. Also, the company announced a $350 million public offering and multiple firms raised their respective price targets on the stock.</li>
<li>Fitell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) gained 12.5% to $17.75.</li>
<li>JBDI Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBDI#NASDAQ">JBDI</a>) jumped 11.1% to $29.38.</li>
<li>Lattice Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) surged 10.3% to $49.46. Lattice Semiconductor appointed Ford Tamer as CEO, effective immediately.</li>
<li>EchoStar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) rose 8.4% to $26.33. Morgan Stanley, on Friday, raised its price target on the stock from $14 to $20.</li>
<li>Stratasys Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSYS#NASDAQ">SSYS</a>) rose 7.9% to $7.61 after the company authorized a share repurchase program of up to $50 million.</li>
<li>Corvus Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRVS#NASDAQ">CRVS</a>) gained 7.5% to $5.48. The announced it initiated the registrational Phase 3 clinical trial of Soquelitinib for patients with relapsed or refractory peripheral T-cell lymphoma.</li>
<li>Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) rose 6.3% to $13.57.</li>
<li>Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) rose 5.5% to $3.1650.</li>
<li>Sprouts Farmers Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) gained 4.2% to $106.42. Evercore ISI Group analyst Michael Morris upgraded Sprouts Farmers Market from In-Line to Outperform and raised the price target from $96 to $120.</li>
</ul>
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Intraday Update

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CRVS

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VSAT

Alcoa, Lattice Semiconductor, Stratasys And Other Big Stocks Moving Higher On Monday

EchoStar shares are trading higher after Morgan Stanley raised its price target on the stock from $14 to $20.

Analysts' ratings for EchoStar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
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<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $21.0, a high estimate of $37.00, and a low estimate of $12.00. Witnessing a positive shift, the current average has risen by 7.69% from the previous average price target of $19.50.
<img src="https://www.benzinga.com/files/images/story/2024/1726228902_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive EchoStar. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Benjamin Swinburne</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$20.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>John Hodulik</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$15.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Gregory Williams</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$37.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Philip Cusick</td>
<td>JP Morgan</td>
<td>Maintains</td>
<td>Underweight</td>
<td>$12.00</td>
<td>$12.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to EchoStar. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of EchoStar compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for EchoStar's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of EchoStar's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SATS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on EchoStar analyst ratings.</a>
<h2>Get to Know EchoStar Better</h2>
Following the Dish Network merger, satellite television provides the bulk of EchoStar's revenue. The firm serves about 6 million us customers, about 10% of the traditional television market. It launched an internet-based television offering under the Sling brand in 2015 and serves about 2 million customers on this platform. EchoStar's future, however, hinges primarily on the wireless business. The firm has amassed an extensive portfolio of spectrum licenses over the past 15 years and is building a nationwide wireless network. It acquired Sprint's prepaid business and serves about 7 million customers, primarily under the Boost brand. EchoStar's legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 1 million internet customers.
<h3>Breaking Down EchoStar's Financial Performance</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining EchoStar's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -9.27% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Communication Services sector.
Net Margin: EchoStar's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -5.2%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -1.04%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): EchoStar's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.37%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: EchoStar's debt-to-equity ratio is below the industry average. With a ratio of 1.27, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

A Glimpse Into The Expert Outlook On EchoStar Through 4 Analysts

Morgan Stanley analyst Benjamin Swinburne maintains EchoStar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) with a Equal-Weight and raises the price target from $14 to $20.

Price Target

Morgan Stanley Maintains Equal-Weight on EchoStar, Raises Price Target to $20

U.S. stocks were mostly lower, with the Dow Jones index falling around 300 points on Thursday.
Shares of G-III Apparel Group, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIII#NASDAQ">GIII</a>) rose sharply during Thursday's session after the company reported better-than-expected second-quarter adjusted EPS results and issued its FY25 guidance above estimates.
G-III Apparel Group reported second-quarter adjusted earnings per share of 52 cents, beating the analyst consensus of 27 cents. Quarterly revenues of $644.75 million (down 2%) missed the street view of $649.44 million.
G-III Apparel Group shares surged 23.6% to $30.95 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) shares jumped 68.1% to $5.45 after the company entered agreements for a $160 million private placement financing priced at market, from a group of institutional and accredited investors including NVIDIA and Related Companies.</li>
<li>EchoStar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) gained 14.9% to $21.15.</li>
<li>Larimar Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRMR#NASDAQ">LRMR</a>) climbed 13.5% to $8.81.</li>
<li>Uniti Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UNIT#NASDAQ">UNIT</a>) rose 13.3% to $5.32.</li>
<li>Yext, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) climbed 13% to $5.56 after the company reported better-than-expected second-quarter adjusted EPS results and issued FY25 revenue guidance above estimates. Also, Needham upgraded the stock from Hold to Buy and announced an $8 price target.</li>
<li>Perpetua Resources Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPTA#NASDAQ">PPTA</a>) rose 11.8% to $9.05 after the company announced the U.S. forest service has completed the final environmental impact statement and issued a draft record of decision authorizing the Stibnite gold project.</li>
<li>Vestis Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) gained 11.7% to $15.28 following a report suggesting Elis SA made an offer to buy the company.</li>
<li>WK Kellogg Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>) climbed 10.7% to $18.63.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) gained 10.4% to $4.6850 after the company reported second-quarter financial results and issued better-than-expected third-quarter outlook..</li>
<li>Shoe Carnival, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) rose 10% to $41.32 after the company reported better-than-expected second-quarter revenue results. Also, the company raised its FY24 guidance.</li>
<li>Primo Water Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRMW#NASDAQ">PRMW</a>) gained 9.4% to $23.92.</li>
<li>QuidelOrtho Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QDEL#NASDAQ">QDEL</a>) gained 8.5% to $43.79. Craig-Hallum analyst Alexander Nowak upgraded QuidelOrtho from Hold to Buy and raised the price target from $40 to $57.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) gained 8.3% to $1.3095.</li>
<li>Myriad Genetics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYGN#NASDAQ">MYGN</a>) gained 7.9% to $27.36.</li>
<li>Zeta Global Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) gained 7.8% to $26.83. Zeta Global priced $204.9 million public offering of 13.2 million class A common shares at $23.50 per share.</li>
<li>Sotera Health Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHC#NASDAQ">SHC</a>) gained 7.7% to $16.59. The company announced a secondary offering of 25 million shares.</li>
<li>Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) rose 6.2% to $67.52. Dollar Tree, on Wednesday, reported worse-than-expected second-quarter 2024 earnings.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40728954/how-to-earn-500-a-month-from-smith-wesson-brands-stock-ahead-of-q1-earnings-report">How To Earn $500 A Month From Smith &amp; Wesson Brands Stock Ahead Of Q1 Earnings Report</a></li>
</ul>

APLD

DLTR

GIII

Larimar Therapeutics, Inc. - Common Stock

LRMR

MYGN

PPTA

PRMW

PSNY

QDEL

SCVL

UNIT

VSTS

YEXT

ZETA

G-III Apparel Posts Upbeat Results, Joins NIO, Yext, Shoe Carnival And Other Big Stocks Moving Higher On Thursday

<a href="https://www.bloomberg.com/news/articles/2024-09-05/dish-network-in-talks-with-investors-to-settle-lawsuit?srnd=phx-fixed-income">https://www.bloomberg.com/news/articles/2024-09-05/dish-network-in-talks-with-investors-to-settle-lawsuit?srnd=phx-fixed-income</a>
&nbsp;
<a href="https://www.bloomberg.com/quote/DISH:US">Dish Network Corp.</a>, the ailing satellite-TV provider with more than $20 billion in debt, is in talks with a group of creditors to resolve a lawsuit tied to a controversial transfer of assets.
A meeting between the company and investors represented by <a href="https://www.bloomberg.com/quote/LAZ:US">Lazard Inc.</a> and <a href="https://www.bloomberg.com/quote/1174L:US">Milbank</a> could take place as soon as this week, according to people familiar with the matter, who asked not to be named because they aren't authorized to talk about it. Confidential negotiations also include the possible extension of a $2 billion bond due Nov. 15, they said.

Legal

'Dish Network In Talks With Investors To Settle Lawsuit; Company Is Holding Confidential Talks With Some Creditors; Satellite Television Company Shuffled Assets In January' - Bloomberg News

EchoStar Corporation&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sats#NASDAQ">SATS</a>) subsidiaries, Hughes Network Systems and Boost Mobile, jointly demonstrated optimized, multi-transport network management for the U.S. Navy. The demonstration, conducted earlier this year, evaluated remote network orchestration, wide area network (WAN) resiliency and secure Radio Access Network (RAN) sharing between standalone Private 5G networks at the U.S. Navy Air Station in Whidbey Island, WA, and a base in Hawaii.
The demo established that the EchoStar Private 5G ORAN network can sustain safe connectivity for devices and applications when users move from the naval base. This capability enables devices connected to the Whidbey Island NAS 5G network to securely access applications located at Whidbey Island, regardless of their location. This secure Internet access supports Navy missions that involve relocating users between bases.
Boost Mobile&#39;s advanced Open-RAN-based 5G networking technologies, designed for U.S.-wide public network deployment, laid the foundation for secure, standalone 5G networks at each base. Hughes also deployed its intelligent network orchestration capabilities, including Smart Network Edge mission-planning technology and Network Management System (NMS). Combined, these technologies ensured reliable communication even in &quot;contested and congested environments.&quot;
The network also facilitated Automated Primary Alternate Contingency Emergency (PACE) planning by harnessing Hughes&#39; NMS and SNE technologies, which dynamically use multiple transport paths to enhance situational awareness. These automation techniques optimize capacity, quality of service and resource allocation, accelerating changes and access to SATCOM resources. With command-in-the-loop capability, Hughes technology processes new service requests in under five seconds to address emerging threats and automatically distributes information across orchestrated paths. The NMS and SNE are essential for maintaining resilient communications through diverse transports, including geostationary equatorial orbit, medium-earth orbit, low-earth orbit and 5G systems.
Earlier this month, Hughes Network Systems LLC achieved a milestone of shipping more than 5,000 HL1120W electronically steerable antenna LEO terminals, underscoring its leadership in delivering top-tier, enterprise-class satellite terminals for the Eutelsat OneWeb LEO constellation.
<div class="chart_embed">
<h3>EchoStar Corporation Price and Consensus</h3>
<img alt="EchoStar Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/d0/1724942318.png" style="height:265px; width:578px" title="" />
EchoStar Corporation price-consensus-chart | EchoStar Corporation Quote
EchoStar is a global provider of satellite service operations, video delivery services, broadband satellite technologies and broadband Internet services for home and small office customers.
</div>
The company reported second-quarter 2024 revenues of $3.96 billion, declining 9% year over year, missing the consensus estimate by 0.6%. Net subscriber losses in Pay-TV, Retail Wireless, Broadband and satellite services contributed to the drop. It reported a non-GAAP loss of 76 cents per share against earnings of 69 cents in the year-ago quarter, and the loss was 105.4% wider than the Zacks Consensus Estimate of a loss of 37 cents.
<h2>SATS&#39; Zacks Rank &amp; Stock Price Performance</h2>
At present, SATS has a Zacks Rank #5 (Strong Sell). Shares have gained 10.9% against the sub-industry&#39;s decline of 30.2% in the past year.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/1f/75976.jpg?v=470235090" /> 
Image Source: Zacks Investment Research
<h2>Stocks to Consider</h2>
Some better-ranked stocks from the broader technology space are Manhattan Associates, Inc., ANSYS, Inc. and Adobe Inc.&nbsp;MANH presently sports a Zacks Rank #1 (Strong Buy) each, whereas ANSS &amp; ADBE carry a Zacks Rank #2 (Buy).
Manhattan Associates delivered an earnings surprise of 26.6%, on average, in the trailing four quarters. In the last reported quarter, MANH pulled off an earnings surprise of 22.9%. The Zacks Consensus Estimate for MANH increased 9.2% in the past 60 days to $4.26.
ANSYS delivered an earnings surprise of 4.8%, on average, in three of the trailing four quarters. In the last reported quarter, ANSS pulled off an earnings surprise of 28.9%. It has a long-term earnings growth expectation of 6.4%.
Adobe delivered an earnings surprise of 2.7%, on average, in the trailing four quarters. In the last reported quarter, ADBE pulled off an earnings surprise of 2.1%. It has a long-term earnings growth expectation of 13%.
<a href="https://www.zacks.com/stock/news/2329118/echostar-s-hughes-boost-mobile-exhibit-resilient-network-management?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2329118">To read this article on Zacks.com click here.</a>

Mid Cap

Small Cap

Echostar's Hughes & Boost Mobile Exhibit Resilient Network Management

EchoStar shares are trading higher. UBS raised its price target on the stock from $14 to $15.

UBS analyst John Hodulik maintains EchoStar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) with a Neutral and raises the price target from $14 to $15.

UBS Maintains Neutral on EchoStar, Raises Price Target to $15

EchoStar shares are trading lower after JP Morgan downgraded the stock from Neutral to Underweight and TD Cowen lowered its price target from $38 to $37.

TD Cowen analyst Gregory Williams maintains EchoStar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) with a Buy and lowers the price target from $38 to $37.

TD Cowen Maintains Buy on EchoStar, Lowers Price Target to $37

JP Morgan analyst Philip Cusick downgrades EchoStar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) from Neutral to Underweight and maintains the price target from $12 to $12.

Downgrades

JP Morgan Downgrades EchoStar to Underweight, Maintains Price Target to $12

Deals this week: Smartsheet, AT&T, BP, Cleveland-Cliffs, Vistra and more

Newsmax settles lawsuit with Smartmatic over fraudulent election results claim

DirecTV, Dish close in on merger to form largest US pay-TV service: Bloomberg

Wall Street Breakfast Podcast: Bristol-Myers Wins FDA Nod For Novel Antipsychotic

Deals this week: Chesapeake, Visa, KKR, Mondelēz and more

EchoStar gains as DirecTV and Dish merge to create largest U.S. Pay-TV provider

Echostar ( ($SATS) ) just unveiled an announcement. EchoStar Corporation and DIRECTV Holdings LLC have entered into an agreement for DIRECTV to acq...

EchoStar Divests Pay-TV Business to DIRECTV for Debt Relief

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Emcore (EMKR – Research Report), Echostar (SATS – ...

Analysts Conflicted on These Technology Names: Emcore (EMKR), Echostar (SATS) and AudioEye (AEYE)

EchoStar ($SATS) announced that it will sell its satellite television business, DISH DBS Corp. (DBS), including Sling TV, to DirecTV, forming one o...

M&A News: DirecTV Will Acquire Dish from EchoStar (NASDAQ:SATS)

Wall Street Lunch: DirecTV To Buy EchoStar's Video Business

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Press Releases

Boost Mobile is Now the Official Wireless Provider for University of Colorado and Offering a New Boost-Exclusive Coach Prime Device - the moto g 5G Coach Prime

Hughes and Boost Mobile Demonstrate Automated, Multi-Transport Network Management for Resiliency at the Tactical Edge

Boost Mobile Brings Customers More Value: FREE Year of Service with Purchase of a Boost Mobile Network-Compatible 5G Phone

Boost Mobile Delivers Unmatched Value with iPhone 16 - One FREE Year of Unlimited 5G Service or $1,000 Off Device - with No Trade-In Required

Boost Mobile to Offer All-New iPhone 16, iPhone 16 Plus, iPhone 16 Pro and iPhone 16 Pro Max

Hughes HS600 Media Player Enables Live TV Within Digital Signage

FCC Grants EchoStar's 5G Buildout Framework for the Boost Mobile Network

Entertainment

DIRECTV to Acquire EchoStar's Video Distribution Business, Including DISH TV and Sling TV

Offerings

EchoStar Corporation Announces Exchange Offers and Consent Solicitations to exchange 5.25% Senior Secured Notes due 2026, 5.75% Senior Secured Notes due 2028, 7.75% Senior Notes due 2026, 7.375% Senior Notes due 2028, and 5.125% Senior Notes due 2029 Issued by DISH DBS Corporation for New DBS Notes (as defined herein) issued by DISH DBS Corporation

EchoStar Announces Suite of Transformative Transactions to Delever Its Balance Sheet and Improve Its Debt Maturity Profile, Transition Its Strategic Focus and Pave the Road for it to Enhance and Further Deploy its Nationwide 5G Open RAN Wireless Network

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