15.9 C
New York
Wednesday, June 16, 2021

EchoStar Corporation’s (SATS) Chart Flashes Mixed Signals

EchoStar Corporation (SATS) published its fourth-quarter report, showing strong earnings growth. EchoStar Corporation (NASDAQ: SATS) gained momentum on Tuesday, February 23rd, with its shares closing at 3.90% higher than its previous closing price. The company’s shares reached as high as $23.85. Last trading session, the prices ranged from $21.90 to $23.85.  The company has a market cap of $2.28 billion. Are these measures enough to soothe the fears of long-term investors?

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!


EchoStar’s share price dropped more than 43 % over the year due to expenses associated with Hughes Communications’ acquisition of a satellite service provider. Additionally, the rapid deployment of the SpaceX Starlink satellite network and taking orders from the end-user market were other contributing factors.

EchoStar Corporation (SATS) significantly boosted its profits in the COVID-19 environment because there was a high demand for high-speed data transmission, including via satellite.

EchoStar’s revenues declined 1.95 % compared to the last quarter, to $ 489.2 million. The company announced a profit of $1.08 per share, up 101.82%. The numbers have surpassed Wall Street’s expectations. Stocks of cash and equivalents were $ 2.5 billion.

Although EchoStar Corporation (SATS) sales dropped, they were mainly thanks to lower hardware sales and currency devaluation effects. A loss of about $ 63 million was incurred by EchoStar during 2020, with revenues of $ 1.89 billion. The corresponding figures for the same period were $ 1.76 billion and $40.4 million.

There is a resulting demand to receive satellite communications, broadcast video, collect data from your IoT networks, etc. remains high. However, the Starlink network rollout will make EchoStar Corporation (SATS) vulnerable. With the power of Starlink, the telecommunications industry stands to change for the better as cable connections for multiple destinations — such as roadside networking and connected cars — will be eliminated. Hughes will continue to sell large geostationary satellites shortly, but growth in this market is quite difficult at the moment.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.