Echostar Corp Stock Price, News & Analysis

According to Incisiv’s 2021 Apparel Digital Maturity Index, retailers who invested in digital technology pre-pandemic performed significantly better. Over 90% of shoppers now start their buying journey online, with mobile devices driving 70% of website traffic. Key findings highlight a 60% growth in retailers offering 'buy-now, pay-later' options. However, inventory visibility shows no advancement. Retailers like Abercrombie & Fitch and Target were recognized as leaders in digital maturity, reflecting the essential role of digital in retail profitability.

Hughes Network Systems and Network Services Solutions (NSS) have signed an eight-year agreement to enhance and manage a satellite monitoring network for a major petroleum customer. The agreement involves upgrading to Hughes' JUPITER technology and expanding the network, which includes over 1,300 VSATs along the pipeline. The collaboration, ongoing since 2005, aims to meet increased demand for reliable data communication for critical networks like oil pipelines. Hughes and NSS emphasize the affordability and efficiency of their satellite services.

OneWeb and Hughes Network Systems have entered a six-year Distribution Partner agreement to offer low Earth orbit (LEO) connectivity services in India. Following a Memorandum of Understanding in September 2021, the partnership aims to provide high-speed, low-latency satellite broadband to underserved areas. OneWeb will leverage its satellite constellation and infrastructure, including gateways in India, to fulfill the growing demand from enterprises and government sectors. As of December 2021, OneWeb has 394 satellites in orbit and plans to launch global services by the end of 2022.

Hughes Communications India Pvt Ltd (HCIPL) and Bharti Airtel Limited have launched a joint venture to deliver satellite broadband services in India. Operational as HCIPL, the new entity combines the VSAT businesses of both companies, aiming to provide scalable enterprise networking solutions. The partnership has received statutory approvals, enabling it to commence operations. With over 200,000 VSATs, HCIPL is positioned as India's largest satellite service operator, enhancing connectivity solutions for government and enterprise customers across various sectors.

Hughes Network Systems announced that Omantel, Oman's leading telecom provider, will utilize the Hughes JUPITER™ System for expanding mobile network coverage. This satellite backhaul solution aims to improve connectivity in remote areas, benefiting both individual and business customers. The JUPITER System is a next-generation platform already in use at over 12,000 sites across various regions, aimed at enhancing broadband service delivery.

Terran Orbital Corporation announced the successful placement of the EchoStar Global 3 small satellite into its operational orbit, showcasing significant advancements in nanosatellite technology. This mission marked the fastest altitude change ever achieved by a nanosatellite, with a 1.5-degree inclination adjustment. CEO Marc Bell emphasized that these capabilities allow for cost-effective and rapid satellite deployment without the need for dedicated launches. The achievement paves the way for further development of EchoStar's global S-band capabilities.

EchoStar Corporation (NASDAQ: SATS) posted solid financial results for the three and nine months ended September 30, 2021. Consolidated revenue reached $504.7 million for Q3, with net income of $30.2 million and EPS of $0.38. Year-to-date revenue totaled $1,487.1 million, net income was $142.8 million, and EPS stood at $1.64. The company reported Adjusted EBITDA of $187.0 million for Q3 and $559.4 million year-to-date. Notably, revenue grew 6.6% year-over-year, driven primarily by increased equipment sales.