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ECHOSTAR CORPECHOSTAR CORPECHOSTAR CORP

ECHOSTAR CORP

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EchoStar secures $2.7bn contract with US Navy, boosting prospectEchoStar Corporation has clinched a significant contract with the US Navy, valued at USD 2.7 billion, under a ten-year indefinite-delivery, indefinite-quantity (IDIQ) scheme. This flexible contracting mechanism allows for an ongoing series of deliveries, potentially leading to additional contracts and providing EchoStar with a new, stable revenue stream. The contract's scope includes providing enhanced connectivity for smartphones and tablets, with an expansion to include 5G access for Internet of Things (IoT) devices and other equipment. This deal is set to fully utilize EchoStar’s comprehensive connectivity services, ranging from mobile to satellite, indicating a robust expansion of its business operations. Analyzing the investment potential, here's a look at the technical analysis of EchoStar Corporation (NASDAQ: SATS): On the Daily (D1) timeframe, the stock recently surpassed a resistance level at 17.75 USD, establishing support at 17.10 USD. EchoStar has been on a stable global uptrend since November 2023, suggesting potential for further growth. Should the trend reverse, a downside target could be at 14.80 USD. If the uptrend continues, the short-term target could be 25.00 USD on a rebound from the resistance level at 17.75 USD. In the medium term, the price may rise to 30.00 USD. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:SATS
by RoboMarkets
EchoStar Arm Hikes on $50M Grant Echostar Corporation (NASDAQ: NASDAQ:SATS ) has recently made headlines as its subsidiary, DISH Wireless, secured a groundbreaking $50-million grant from the U.S. Department of Commerce's National Telecommunications and Information Administration (NTIA). The grant, awarded under the Public Wireless Supply Chain Innovation Fund, is earmarked for the establishment of the Open RAN Center for Integration & Deployment (ORCID). This move positions Echostar as a key player in driving Open RAN innovation, with implications for the global wireless ecosystem. In response to this news, SATS shares experienced a notable surge, gaining 33.7% to reach $16.92. The ORCID Initiative: The Open RAN Center for Integration & Deployment (ORCID) is set to play a pivotal role in strengthening the Open RAN ecosystem globally. Located on DISH's secure campus in Cheyenne, Wyoming, ORCID will serve as a hub for testing and validating hardware and software solutions against a fully operational commercial-grade Open RAN network deployed by DISH Wireless. The project has garnered support from an impressive consortium of partners, including Fujitsu, Mavenir, and VMware, as well as technology giants like Broadcom, Analog Devices, ARM, Cisco, Dell Technologies, Intel, JMA Wireless, NVIDIA, Qualcomm, and Samsung. DISH's Unique Position: Echostar Chairman Charlie Ergen emphasizes that ORCID's uniqueness stems from DISH's experience in deploying the world's first standalone Open RAN 5G network. This hands-on experience positions DISH as a leader in testing and evaluating Open RAN interoperability, performance, and security from both domestic and international vendors. The ORCID initiative not only highlights DISH's commitment to innovation but also underscores the company's role in driving the next generation of wireless networks. NTIA Recognition and U.S. Leadership: The NTIA's decision to grant $50 million to DISH Wireless signifies the agency's recognition of the company's contributions to Open RAN technology and its commitment to advancing wireless connectivity. The investment represents the largest award to date under the Innovation Fund, reinforcing the U.S. government's ongoing support for initiatives that enhance the nation's leadership in the telecommunications sector. Market Response: Following the announcement, NASDAQ:SATS shares experienced a significant boost, surging $4.26 or 33.7% to $16.92. The market's positive response reflects investor confidence in Echostar's strategic positioning in the rapidly evolving landscape of wireless technology. Conclusion: Echostar Corporation's recent success with the $50-million grant for the Open RAN Center for Integration & Deployment demonstrates its commitment to shaping the future of wireless networks. As DISH Wireless leads the charge in Open RAN innovation, investors are keenly watching SATS, anticipating further developments and potential market gains as the company continues to play a key role in advancing the global telecommunications landscape.
NASDAQ:SATSLong
by DEXWireNews
EchoStar's Strategic Merger with DISH Network In a bold move to fortify its position as a global leader in connectivity, EchoStar Corporation (Nasdaq: NASDAQ:SATS ) recently completed its acquisition of DISH Network Corporation, marking a significant milestone in the company's quest for unparalleled wireless, satellite, and video distribution capabilities. The strategic merger has not only strengthened EchoStar's technological portfolio but has also positioned it as a key player in the evolving landscape of global connectivity. Strategic Vision: EchoStar's President and CEO, Hamid Akhavan, envisions a connected future where the company plays a pivotal role in offering ubiquitous connectivity to people, enterprises, and things worldwide. The merger with DISH Network is a crucial step towards realizing this vision, allowing the combined entity to leverage various transport modes, smart technologies, and integrated services to meet the diverse connectivity needs of customers. Technology and Network Synergy: The acquisition seamlessly integrates DISH Network's satellite technology, streaming services, and expansive nationwide 5G network with EchoStar's premier satellite communications solutions. This combination establishes the newly formed entity as a global leader in both terrestrial and non-terrestrial wireless connectivity. With DISH Network's 5G network covering over 70% of the U.S. population and EchoStar's successful launch of the JUPITER 3 satellite, the merged company is uniquely positioned to provide comprehensive communication and content distribution capabilities. Leadership and Unmatched Capabilities: Charles Ergen, Executive Chairman of the Board of EchoStar, emphasizes the historic nature of the merger, bringing together two trailblazing companies with complementary portfolios. The combined entity, headquartered in Englewood, Colorado, operates globally under a suite of established consumer and business brands, including Boost Mobile, Boost Infinite, Sling TV, and DISH TV. This extensive brand portfolio, coupled with EchoStar's Hughes and JUPITER satellite services, positions the company as a one-stop solution for a diverse range of connectivity needs. Bridging the Digital Divide: John Swieringa, President, Technology & Chief Operating Officer of EchoStar, underscores the importance of bridging the digital divide in today's digital-first economy. The merged company's combined brands, technology, and operational resources uniquely position EchoStar to offer a compelling global offering that connects consumers to internet access, mobile phone service, television programming, and streaming content. Additionally, the company aims to deliver secure terrestrial, non-terrestrial, and hybrid connectivity solutions to business and government customers. Financial Analysis and Market Trends: While technical analysis indicates a falling trend in EchoStar's stock prices in the medium to long term, recent strategic moves, such as the DISH Network acquisition, suggest a potential turnaround. Investors' acceptance of lower prices may be indicative of short-term challenges, but the company's focus on global connectivity and the positive momentum indicated by the RSI above 70 present a promising outlook for the stock. EchoStar's completion of the DISH Network merger marks a significant milestone in its journey toward becoming a global connectivity powerhouse. The strategic vision, technological synergies, and unmatched capabilities position EchoStar as a key player in addressing the evolving needs of consumers and businesses in the digital age. As the company continues to bridge the digital divide, investors may find potential opportunities for growth in EchoStar's compelling and expansive connectivity offerings.
NASDAQ:SATSLong
by DEXWireNews
Buy $SATS - NRPicks 28 MarEchoStar Corporation, together with its subsidiaries, provides broadband satellite technologies and broadband Internet services. It operates in two segments, Hughes and EchoStar Satellite Services (ESS). $SATS is a company that maintains a hefty debt of $2.39B, however, it maintains $2.5B cash to offset that burden so in the short term it shouldn't mean a problem. As for the technical, the company showed signs of a trend shift from bearish to bullish in March and settled at a key level close to $24 - Revenue 1.8B - Cash 2.5B - Total debt/ebitda 6.22x Technical: - average RSI levels - Key support at $23.73 - Price on MA50 daily - MACD Level (12, 26) -0.32
NASDAQ:SATSLong
by NewroadTrader
Buy $SATS - NRPicks Feb 14EchoStar Corporation, together with its subsidiaries, provides broadband satellite technologies and broadband Internet services worldwide. It operates in two segments, Hughes and EchoStar Satellite Services (ESS). The Hughes segments offers broadband satellite technologies and Internet services for home and small to medium-sized businesses, and satellite services; and broadband network technologies, managed services, equipment, hardware, satellite services, and communication solutions for aeronautical and government enterprises, as well as consumers. This segment also designs, provides, and installs gateways and terminal equipment for other satellite systems; and provides satellite ground segment systems and terminals to 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. Technicals: Bullish channel forming Probable momentum at MA 50 Volumen promedio change +3x (3M) Elliot wave impulse to $28 There is a lot of expectation with stocks related to space services. Wallstreet has shown interest in this type of stocks in recent years, and much more in 2020. Exchange-traded funds containing these types of stocks have been opened.
NASDAQ:SATSLong
by NewroadTrader