EchoStar (NASDAQ:SATS) Bolsa

EchoStar

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. The firm's focus is now on the wireless market. EchoStar has amassed an extensive portfolio of spectrum licenses 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 900,000 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

EchoStar Corp

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Shares of companies within the broader communication services sectors are trading lower as global markets continue to decline following President Trump's announcement of sweeping tariffs.

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Shares of companies within the broader communication services sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Communication Services sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>META</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$630.00</td>
<td>$90.0K</td>
<td>1.4K</td>
<td>7.0K</td>
</tr>
<tr>
<td>EA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$145.00</td>
<td>$30.7K</td>
<td>5.4K</td>
<td>1.9K</td>
</tr>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/28/25</td>
<td>$980.00</td>
<td>$26.9K</td>
<td>128</td>
<td>1.2K</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$97.00</td>
<td>$34.1K</td>
<td>695</td>
<td>663</td>
</tr>
<tr>
<td>GOOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$200.00</td>
<td>$49.0K</td>
<td>9.5K</td>
<td>350</td>
</tr>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$230.00</td>
<td>$25.0K</td>
<td>553</td>
<td>287</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$60.00</td>
<td>$26.9K</td>
<td>1.8K</td>
<td>213</td>
</tr>
<tr>
<td>CCOI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$65.00</td>
<td>$36.0K</td>
<td>0</td>
<td>162</td>
</tr>
<tr>
<td>SATS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$30.00</td>
<td>$29.5K</td>
<td>0</td>
<td>73</td>
</tr>
<tr>
<td>RDDT</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/18/26</td>
<td>$115.00</td>
<td>$30.1K</td>
<td>12</td>
<td>27</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding META (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on March 28, 2025. Parties traded 99 contract(s) at a $630.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $90.0K, with a price of $910.0 per contract. There were 1449 open contracts at this strike prior to today, and today 7088 contract(s) were bought and sold. 
• For EA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), we notice a call option trade that happens to be bearish, expiring in 87 day(s) on June 20, 2025. This event was a transfer of 38 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $30.7K, with a price of $810.0 per contract. There were 5485 open contracts at this strike prior to today, and today 1987 contract(s) were bought and sold. 
• For NFLX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), we notice a put option sweep that happens to be neutral, expiring in 3 day(s) on March 28, 2025. This event was a transfer of 35 contract(s) at a $980.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $26.9K, with a price of $772.0 per contract. There were 128 open contracts at this strike prior to today, and today 1297 contract(s) were bought and sold. 
• For BIDU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), we notice a call option trade that happens to be bearish, expiring in 23 day(s) on April 17, 2025. This event was a transfer of 90 contract(s) at a $97.00 strike. The total cost received by the writing party (or parties) was $34.1K, with a price of $379.0 per contract. There were 695 open contracts at this strike prior to today, and today 663 contract(s) were bought and sold. 
• For GOOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), we notice a call option sweep that happens to be bearish, expiring in 297 day(s) on January 16, 2026. This event was a transfer of 50 contract(s) at a $200.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $49.0K, with a price of $985.0 per contract. There were 9574 open contracts at this strike prior to today, and today 350 contract(s) were bought and sold. 
• Regarding GOOGL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), we observe a put option trade with bearish sentiment. It expires in 661 day(s) on January 15, 2027. Parties traded 4 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $6250.0 per contract. There were 553 open contracts at this strike prior to today, and today 287 contract(s) were bought and sold. 
• Regarding TTD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), we observe a call option trade with neutral sentiment. It expires in 87 day(s) on June 20, 2025. Parties traded 35 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $26.9K, with a price of $770.0 per contract. There were 1882 open contracts at this strike prior to today, and today 213 contract(s) were bought and sold. 
• For CCOI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>), we notice a call option sweep that happens to be bullish, expiring in 115 day(s) on July 18, 2025. This event was a transfer of 75 contract(s) at a $65.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $480.0 per contract. There were 0 open contracts at this strike prior to today, and today 162 contract(s) were bought and sold. 
• For SATS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>), we notice a put option sweep that happens to be bullish, expiring in 52 day(s) on May 16, 2025. This event was a transfer of 73 contract(s) at a $30.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $29.5K, with a price of $405.0 per contract. There were 0 open contracts at this strike prior to today, and today 73 contract(s) were bought and sold. 
• Regarding RDDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), we observe a put option trade with neutral sentiment. It expires in 450 day(s) on June 18, 2026. Parties traded 10 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $30.1K, with a price of $3018.0 per contract. There were 12 open contracts at this strike prior to today, and today 27 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BIDU

CCOI

GOOG

GOOGL

10 Communication Services Stocks With Whale Alerts In Today's Session

U.S. stocks were mixed, with the Dow Jones index falling around 250 points on Tuesday.
Shares of Korn Ferry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFY#NYSE">KFY</a>) rose sharply during Tuesday's session following <a href="https://in.benzinga.com/25/03/44244362/korn-ferrys-q3-revenue-beats-expectations-with-strong-new-business-wins">better-than-expected quarterly earnings</a>.
Revenue remained flat year over year at $676.5 million, beating the consensus of $650.4 million. The fee revenue of the global organizational consulting firm was $668.7 million, flat Y/Y. Adjusted EPS of $1.19, which beat the consensus of $1.13.
Korn Ferry shares jumped 9.8% to $68.68 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Ramaco Resources, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/METC#NASDAQ">METC</a>) shares jumped 36% to $11.41 following better-than-expected quarterly results.</li>
<li>Hesai Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) surged 29.3% to $20.71 after the company announced it secured a multi-year deal with Mercedes to supply Lidar sensors.</li>
<li>Bioventus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BVS#NASDAQ">BVS</a>) gained 28.4% to $11.25 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Paymentus Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAY#NYSE">PAY</a>) gained 19.3% to $29.45 following upbeat quarterly reults.</li>
<li>Endeavour Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXK#NYSE">EXK</a>) rose 17.3% to $4.2750 after reporting fourth-quarter earnings.</li>
<li>XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) gained 13.7% to $26.11 after the company announced to spend up to $13.8 billion on humanoid robots.</li>
<li>Guardant Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GH#NASDAQ">GH</a>) surged 10% to $39.43. Guardant Health received ADLT status from CMS for Shield Blood Test.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) gained 8.8% to $116.75.</li>
<li>EchoStar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) climbed 6.3% to $26.77.</li>
<li>Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) gained 6% to $162.85 after the company reported second-quarter financial results and beat its EPS estimate.</li>
<li>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) climbed 6% to $66.57.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) shares gained 5.8% to $189.74. Mizuho analyst Dan Dolev maintained Coinbase Global with a Neutral and lowered the price target from $280 to $217.</li>
<li>Grab Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) rose 5.2% to $4.3350.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) gained 4.7% to $37.29. Robinhood Markets reported February 2025 operating data.</li>
</ul>
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Korn Ferry Posts Better-Than-Expected Earnings, Joins Bioventus, Endeavour Silver, Vail Resorts And Other Big Stocks Moving Higher On Tuesday

Shares of companies within the broader communication services sector are trading lower amid economic worries driven by tariffs and trade policies. Investors may be expecting a decline in investment, which may also be weighing on the industry.

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Mark Cuban extended his support to President Donald Trump&#8216;s new &#8216;Gold Card&#8217; scheme to obtain U.S. citizenship if these cards were sold to corporations who hire immigrants. Billionaire entrepreneur and Dallas Mavericks owner added that the &#8220;H1b Visa game is ridiculous.&#8221;
What Happened: <a href="https://www.benzinga.com/news/25/02/43985233/mark-cuban-calls-deductibles-the-biggest-problem-in-healthcare-system-needs-to-be-redesigned">Cuban</a> proposed a new way for high-skilled workers to obtain U.S. citizenship in his latest X post.
Agreeing with President Trump on generating revenue via handing over citizenships, Cuban added that corporations could pay $5 million for an employee earning over $500,000 per year to get immediate citizenship, provided they pass a thorough background check.
Cuban argues that if a person is highly valuable to a company, the company should be willing to pay for the right to employ them in the U.S. He further suggests that if companies are not going to hire American workers, they should at least contribute to the tax base for the privilege of hiring foreign talent.
The billionaire investor also believes the current H-1B visa system, which uses a lottery and has caps, is &#8220;broken.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I ACTUALLY LIKE THIS IDEA IF WE SELL THEM TO CORPORATIONS. The H1b Visa game is ridiculous. Go to companies and tell them, $5m for any employee making over 500k, and they get immediate citizenship if they pass an advanced background check. Without citizenship , and only 3… <a href="https://t.co/O0xlSUVrBW">https://t.co/O0xlSUVrBW</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1896398624482841050?ref_src=twsrc%5Etfw">March 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
This comes after Trump addressed the amount of revenue that could be generated via selling &#8216;Gold Cards&#8217; during a press conference. He said, &#8220;If we sell a million &#8211; that&#8217;s $5 trillion… if we sell 10 million, that&#8217;s $50 trillion. That means our debt is totally paid off, and we have $15 trillion above that.&#8221;
See Also: <a href="https://www.benzinga.com/news/earnings/25/02/44038874/nvidia-wipes-375-billion-of-investor-wealth-in-2025-margin-of-error-razor-thin-says-analyst-reiterating-buy-on-dips-call">Nvidia Wipes $375 Billion Of Investor Wealth In 2025: &#8216;Margin Of Error Razor Thin,&#8217; Says Analyst Reiterating &#8216;Buy On Dips&#8217; Call</a>
Why It Matters: As the President and corporate tycoons agree to generate revenue via this route, a 2024 report by the American Immigration Council highlighted that immigrant entrepreneurs make up 22.6% of all entrepreneurs nationwide.
According to the study, from the New American companies that made the 2024 Fortune 500 list, 46%, or 230 companies, were founded by immigrants or their children and each company employs about 67,332 workers.
Here are the names of a few listed entities that are new entrants in the Fortune 500 list, hiring and led by immigrants.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Stocks</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>GE HealthCare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>)</td>
<td>11.44%</td>
<td>-5.80%</td>
</tr>
<tr>
<td>EchoStar Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>)</td>
<td>37.27%</td>
<td>139.31%</td>
</tr>
<tr>
<td>DoorDash Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>)</td>
<td>16.28%</td>
<td>49.88%</td>
</tr>
<tr>
<td>Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>)</td>
<td>3.48%</td>
<td>-32.28%</td>
</tr>
<tr>
<td>Prologis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>)</td>
<td>18.86%</td>
<td>-7.25%</td>
</tr>
<tr>
<td>Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>)</td>
<td>12%</td>
<td>84.04%</td>
</tr>
<tr>
<td>Xylem Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYL#NYSE">XYL</a>)</td>
<td>12.88%</td>
<td>2.38%</td>
</tr>
<tr>
<td>Monster Beverage Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>)</td>
<td>4.47%</td>
<td>-6.58%</td>
</tr>
<tr>
<td>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)</td>
<td>37.97%</td>
<td>-61.41%</td>
</tr>
<tr>
<td>Concentrix Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>)</td>
<td>3.72%</td>
<td>-36.66%</td>
</tr>
</tbody>
</table>
</figure>
Apart from these, the &#8216;Magnificent 7,&#8217; &#8216;Big Tech&#8217; and other U.S. giants also hire many immigrants and they can boost the U.S. government revenue by purchasing &#8216;Gold Cards&#8217; for their talented and deserving employees as suggested by Mark Cuban.
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Friday. The SPY was up 1.56% to $594.18, and the QQQ also advanced 1.56% to $508.10, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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Photo courtesy: Shutterstock

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Mark Cuban Supports Trump's New 'Gold Card' Scheme If Sold To Corporations For Employee Citizenship: Here're The Listed-Companies With Most Number Of Immigrants

EchoStar Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>)&nbsp;stock is&nbsp;trading up on Thursday after fourth-quarter report.
Quarterly sales of $3.97 billion (down 4.7% year over year), topping the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">street view of $3.93 billion</a>.
Net Pay-TV subscribers dropped by about 253,000 versus a loss of <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n44001656/echostar-announces-financial-results-for-the-three-and-twelve-months-ended-december-31-2024" rel="noreferrer noopener">314,000 a year ago</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43982868/warner-bros-faces-gaming-woes-as-wonder-woman-title-halted-franchise-strategy-reworked" rel="noreferrer noopener">Warner Bros. Shuts Down Game Studios, Struggles To Revive DC and Harry Potter Franchise Success</a>
The company ended the quarter with 7.78 million total Pay-TV subscribers, including 5.69 million DISH TV subscribers and 2.09 million Sling TV subscribers, due to&nbsp;the decrease in net DISH TV and net Sling TV subscriber losses due to lower subscriber disconnects in 2024, which resulted from the company&#8217;s emphasis on acquiring higher-quality subscribers.
The company ended the third quarter with 883,000 Broadband Satellite subscribers, a loss of about 29,000 compared to 59,000 in the same period last year. This decrease in net Broadband Satellite subscriber losses was primarily due to lower subscriber disconnects from the new EchoStar XXIV (Jupiter 3) satellite service launch.
The company held cash and equivalents worth $5.7 billion and inventory worth $455.2 million as of December 31.
The company&#8217;s long-term debt, finance lease, and other obligations, net of the current portion, totaled $25.66 billion.
CEO Hamid Akhavan acknowledged improvements in all of its lines of business and achieved its plan of ending the year by delivering positive free cash flow. He also acknowledged notable developments in the company&#8217;s wireless business. Excluding the impact of ACP, efforts resulted in consecutive quarter-over-quarter net positive subscriber growth since the first quarter of 2024.
Price Action:&nbsp;SATS shares are trading higher by 1.34% to $29.40 premarket at last check Thursday.
Also Read:
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<li><a href="https://www.benzinga.com/government/regulations/25/02/43983837/spotify-ceo-wants-eu-to-penalize-apple-for-defying-regulations" target="_blank" rel="noreferrer noopener">Spotify CEO Wants EU To Penalize Apple For Defying Regulations</a></li>
</ul>
Photo: Shutterstock

EchoStar Q4: $3.97 Billion Revenue, Narrows Pay-TV Subscriber Losses, Focuses On High-Quality Users, Wireless Growth

Earnings Misses

EchoStar Q4 Sales $3.967B vs $3.932B Estimate

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Earnings Scheduled For February 27, 2025

Contracts

Tucows Subsidiary Wavelo Renews Four-year Contract To Provide Its Solutions For Echostar's Boost Mobile

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 $15 to $28.

Price Target

Analyst Ratings

UBS Maintains Neutral on EchoStar, Raises Price Target to $28

Microelectronics Technology Enters Strategic Partnership With EchoStar To Advance Development Of Energy-Efficient Open RAN Macro Radios With NTIA Grant

DIRECTV announced Friday it would terminate its agreement to acquire EchoStar Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) <a href="https://www.prnewswire.com/news-releases/directv-announces-termination-of-agreement-to-acquire-echostars-video-distribution-business-302313823.html" target="_blank" rel="noreferrer noopener">video distribution business, DISH DBS</a>. 
The decision follows DISH DBS noteholders&#8217; refusal to accept EchoStar&#8217;s proposed Exchange Debt Offer Terms, a critical condition for the deal to proceed. 
EchoStar stock tanked after the update.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42137930/boeing-secures-238-billion-deal-for-advanced-kc-46a-tankers" rel="noreferrer noopener">Boeing Secures $2.38 Billion US Air Force Deal for Advanced KC-46A Tankers</a>
DirecTV CEO Bill Morrow said &#8220;the proposed Exchange Terms were necessary to protect DirecTV&#8217;s balance sheet and our operational flexibility.&#8221;
DirecTV <a target="_blank" href="https://www.benzinga.com/news/24/09/41094002/echostar-stock-dives-on-directv-dish-deal-the-details" rel="noreferrer noopener">agreed to acquire</a> EchoStar&#8217;s video business for $1 and assume Dish DBS&#8217;s net debt. The companies launched an exchange offer for five Dish DBS note series totaling approximately $9.75 billion in face value.
DirecTV plans to continue investing in next-generation streaming technologies and developing new packaging options integrating live TV with direct-to-consumer platforms. The company aims to provide customers with enhanced flexibility and tailored content options that align with evolving viewer preferences.
The termination of the DISH acquisition does not impact TPG&#8217;s plan to purchase the remaining 70% stake in DirecTV from AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), which remains scheduled to close in the second half of 2025. This strategic move is expected to strengthen DirecTV&#8217;s market positioning further.
EchoStar reported a <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41905346/echostar-q3-earnings-and-sales-falter-but-gains-ground-with-sling-tv-subscribers" rel="noreferrer noopener">third-quarter loss</a> of 52 cents per share, missing analysts&#8217; expected loss of 37 cents. Revenue came in at $3.89 billion, a 5.3%, falling short of the $3.909 billion consensus estimate.
During the quarter, net Pay-TV subscribers declined by 43,000, while Sling TV added 145,000 new users. The company closed the period with 8.03 million Pay-TV subscribers, including 5.89 million for DISH TV and 2.14 million for Sling TV.
Price Action: EchoStar&#8217;s shares are trading lower by 3% to $22.86 at last check Friday.
Also Read:
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<li><a href="https://www.benzinga.com/24/11/42137039/disney-takes-on-netflix-with-high-impact-originals-in-asia" target="_blank" rel="noreferrer noopener">Disney Takes on Netflix With High-Impact Originals in Asia</a></li>
</ul>
Image via DirecTV

EchoStar Shares Sink As DirecTV Terminates Acquisition Agreement

$6.5M Contract Will Support Open RAN with a RAN Intelligent Controller (RIC) Experimentation for U.S. Department of Defense

EchoStar's Hughes Lands $6.5M Contract For 5G Open RAN Development And Testing At Fort Bliss, Texas

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 $37 to $30.

TD Cowen Maintains Buy on EchoStar, Lowers Price Target to $30

EchoStar shares are trading lower after the company reported worse-than-expected Q3 EPS and revenue.

EchoStar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) shares are <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">trading lower on Tuesday.</a>
The company reported third-quarter loss per share of 52 cents, missing the<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41897936/echostar-announces-financial-results-for-the-three-and-nine-months-ended-september-30-2024" rel="noreferrer noopener"> analyst consensus loss estimate of 37 cents</a>. Quarterly sales of $3.890 billion (down 5.3% year over year) missed the street view of $3.909 billion.
In the third quarter, Net Pay-TV subscribers dropped by about 43,000, while Sling TV gained 145,000 subscribers. The company ended the quarter with 8.03 million total Pay-TV subscribers, including 5.89 million DISH TV subscribers and 2.14 million Sling TV subscribers.
&#8220;Our efforts focused on profitable customer acquisition and retention, strengthening our consumer offerings and enhancing our nationwide Open RAN 5G network,&#8221; said&nbsp;Hamid Akhavan, president and CEO, EchoStar. &#8220;In addition, we recently announced a series of transformative transactions that will disrupt the wireless and pay-TV industries.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41900813/tyson-foods-q4-earnings-revenue-and-eps-beat-beef-gains-outshine-chicken-dip-more" rel="noreferrer noopener">Tyson Foods Q4 Earnings: Revenue And EPS Beat, Beef Gains Outshine Chicken Dip &amp; More</a>
The company ended the third quarter with 912,000 Broadband Satellite subscribers, a loss of about 43,000 in the quarter, compared to 59,000 lost in the same period last year. The smaller loss was due to the launch of the new EchoStar XXIV satellite and higher demand for new service plans. However, the third quarter was affected by the end of ACP program funding on June 1.
The company exited the quarter with cash and equivalents worth $2.8 billion and inventory worth $441.68 million.
The company&#8217;s long-term debt, finance lease, and other obligations, net of the current portion as of the end of the quarter, totaled $21.557 billion.
&#8220;We secured financing to meet our November debt maturity and announced an agreement with a group of our convertible note&nbsp;holders. This last transaction provides approximately&nbsp;$5.2 billion&nbsp;in additional financing and extends payment terms for the existing convertible notes tendered,&#8221; Akhavan added.
In addition, the company recently agreed to sell its pay-TV business to DIRECTV, subject to successful <a target="_blank" href="https://www.benzinga.com//node/41094002" rel="noreferrer noopener">completion of an ongoing exchange and other closing conditions.</a>
Price Action: SATS shares are trading lower by 3.46% to $25.23 at last check Tuesday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/tech/24/11/41894615/tesla-q4-deliveries-expected-to-set-new-records-but-not-enough-to-avoid-yearly-sales-decline-says-researcher" target="_blank" rel="noreferrer noopener">Tesla Q4 Deliveries Expected To Set New Records But Not Enough To Avoid Yearly Sales Decline, Says Researcher</a></li>
</ul>

Movers

EchoStar Q3 Earnings And Sales Falter, But Gains Ground With Sling TV Subscribers

EchoStar Q3 2024 GAAP EPS $(0.52) Misses $(0.37) Estimate, Total Revenue $3.890B Miss $3.909B Estimate

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Avadel Pharmaceuticals plc - American Depositary Shares each representing one Ordinary Share

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