ECHOSTAR CORPORATION (SATS)
Summary
SATS Chart
EchoStar's stock has fallen alongside SpaceX's — but it may now be worth another look
EchoStar's stock has for months been seen as a way to more cheaply get exposure to SpaceX.
Analyst: owning SpaceX stock via this telecom name is an 'attractive proposition'
EchoStar (SATS) has a sizeable stake in the newly public SpaceX (SPCX) – one that's being largely underappreciated by market participants, says New Street's senior analyst David Barden. In a recent note to clients, Barden raised his price target on the telecommunications firm to $165, indicating potential upside of an exciting 40% on its previous close.
EchoStar Stock Grounded After SpaceX IPO
EchoStar Corp (NASDAQ:SATS) is down 4.8% at $120.10, paring some of yesterday's 11.2% rally as investors react to SpaceX's historic initial public offering (IPO).
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ECHOSTAR CORPORATION Profile
| Communications Equipment Industry | Information Technology Sector | Hamid Akhavan-Malayeri CEO | XMEX Exchange | US2787681061 ISIN |
| US Country | 13,700 Employees | - Last Dividend | 11 Sep 2019 Last Split | 31 Dec 2007 IPO Date |
Overview
EchoStar Corporation, a global provider of networking technologies and services, operates through its subsidiaries, catering to a diverse range of sectors. The company has positioned itself across four primary segments: Pay-TV, Retail Wireless, 5G Network Deployment, and Broadband and Satellite Services. Each of these segments plays a vital role in offering comprehensive networking solutions to their respective markets. Incorporated in 2007 and based in Englewood, Colorado, EchoStar aims to leverage its capabilities in satellite and broadband technologies to offer enhanced connectivity solutions around the globe.
Products and Services
- Pay-TV
This segment encompasses direct broadcast and fixed satellite services targeted towards enhancing the television viewing experience. EchoStar designs, develops, and distributes receiver systems and provides digital broadcast operations, which include crucial services such as satellite uplinking and downlinking. Additionally, it offers satellite transmission services to third-party pay-TV providers. Noteworthy offerings under this segment include multichannel, live-linear, and on-demand streaming services over-the-top (OTT) internet-based platforms, catering to domestic, international, Latino, and Freestream video programming markets, notably under the DISH and SLING brand names.
- Retail Wireless
In the sphere of mobile communications, this segment offers both prepaid and postpaid wireless services, primarily under the Boost Mobile, Boost postpaid, and Gen Mobile brands. Besides service plans, it also delivers a variety of wireless devices designed to meet consumer needs, marking EchoStar's commitment to providing comprehensive mobile solutions.
- 5G Network Deployment
Under this banner, EchoStar is focused on the deployment of a facilities-based 5G broadband network. This includes the commercialization of 5G Voice over New Radio (VoNR), signifying the company's stride towards pioneering in the next generation of mobile communications technology and infrastructure.
- Broadband and Satellite Services
This segment caters to both individual consumers and business entities, offering broadband services that include solutions for home environments and small to medium-sized enterprises. Apart from consumer-centric services, EchoStar provides satellite and multi-transport technologies alongside managed network services. EchoStar's clientele in this segment spans telecommunications providers, aeronautical service providers, civilian and defense government entities, and other enterprise customers, showcasing the company's versatility and capability in delivering robust connectivity solutions.
