Echostar Corp Stock Price, News & Analysis

Hughes Network Systems, an EchoStar company (Nasdaq: SATS), has partnered with UZ-SAT, a joint venture in Uzbekistan, to provide satellite broadband services aimed at bridging the digital divide. This project will utilize the Hughes JUPITER™ System to deliver internet access to remote and rural areas in Uzbekistan. The partnership is expected to enhance connectivity, enabling enterprise networks and supporting governmental initiatives. UZ-SAT is recognized as the first national broadband satellite service provider in Uzbekistan and aims to extend its services to various sectors, including education and healthcare.

The Hughes JUPITER System and managed satellite service have been integrated into the CFE Telecomunicaciones e Internet para Todos initiative by Stargroup, enhancing LTE connectivity in rural Mexico. This collaboration aims to bridge the digital divide, extending internet access to remote communities through the deployment of over 7,200 Community Wi-Fi sites. Stargroup's choice of Hughes technology ensures reliable service at speeds of 20-60 Mbps. The initiative reflects a commitment to improving connectivity for underserved populations, with support from the Mexican government and Hughes Network Systems.

EchoStar Corporation (NASDAQ: SATS) reported its Q4 and full-year 2022 financial results on February 22, 2023. For Q4, the company achieved consolidated revenue of $499.9 million and net income of $47.6 million, translating to an EPS of $0.59. Full-year revenue reached $2.0 billion, with net income of $166.5 million and EPS of $2.10. Adjusted EBITDA for Q4 was $163.6 million, marking a 2.5% increase year-over-year. The company plans to launch the EchoStar XXIV/JUPITER 3 satellite in Q2 2023, which is expected to drive future growth. However, Hughes broadband subscribers fell by 57,000 due to competitive pressures and capacity limitations.

EchoStar Corporation (NASDAQ: SATS) has announced a conference call to discuss its fourth quarter and full year 2022 financial results, scheduled for February 23, 2023, at 1:00 p.m. Eastern Time. The call will be accessible via EchoStar's investor relations website, and will feature a live broadcast in listen-only mode. Participants wishing to ask questions must register beforehand to obtain a dial-in number and unique PIN. The financial results press release will be available prior to the call on EchoStar's website. EchoStar, headquartered in Englewood, Colo., is a leader in satellite communication solutions.

On February 8, 2023, SES, ThinKom, and Hughes showcased a high-performance multi-orbit satellite communication system designed for government airborne missions. The system, featuring the ThinAir Ka2517 airborne satcom terminal, demonstrated seamless connectivity across SES's MEO and GEO networks during testing in California. The Ka2517 antenna, based on ThinKom's patented technology, offers extensive airborne communication capabilities, having served U.S. government aircraft for five years. This technology is pivotal for the Joint All Domain Command and Control (JADC2) initiative, enabling real-time data transfer for critical military operations.

EchoStar Corporation (NASDAQ: SATS) has announced a partnership with Astro Digital to construct a global S-band mobile satellite service network. The project aims to deliver Internet of Things (IoT) and machine-to-machine (M2M) services starting in 2024. The constellation will feature 28 satellites, equipped with advanced software-defined radios and the LoRa protocol for low-cost device connectivity. EchoStar will manage the operations from its Australian subsidiary. This initiative is part of EchoStar's broader goal to establish a global non-terrestrial 5G network, addressing the increasing demand for connectivity.

Hughes Network Systems, part of EchoStar (Nasdaq: SATS), introduced the Active Power Edge at NRF 2023. This innovative power distribution unit enhances network reliability and performance for enterprise customers. The unit autonomously detects outages and utilizes AI for device management, ensuring continuous uptime. Hughes manages over 52,000 SD-WAN locations globally and supports half of the top 25 retailers with its managed services. The Active Power Edge is designed to streamline operations and improve customer experience with proactive power management.

Hughes Network Systems, an EchoStar company (Nasdaq: SATS), has expanded its managed cybersecurity services by introducing Managed Detection and Response (MDR) and Security Operations Center as a Service (SOCaaS). This initiative targets small and mid-sized enterprises, providing them with enterprise-level security expertise to combat rising cyber threats like phishing and ransomware. The new services offer proactive intervention and 24/7 monitoring, enhancing the security posture of smaller businesses.