Echostar Corp Stock Price, News & Analysis

EchoStar Corporation (NASDAQ: SATS) will host a conference call on August 3, 2021, at 11:00 a.m. ET, to discuss its Q2 2021 financial results. Investors can access the call via the EchoStar Investor Relations website. A telephonic replay will be available from 2:00 p.m. ET on August 3 until 2:00 p.m. ET on August 5. Details for the replay include dial-in numbers for the U.S. and international callers.

On July 8, 2021, Hughes Network Systems announced its participation in the FCC's Emergency Broadband Benefit program, offering a monthly discount of up to $50 for eligible customers using HughesNet satellite Internet. This initiative aims to assist low-income households during the COVID-19 pandemic, reinforcing Hughes' commitment to providing essential connectivity for over one million American families. The program is part of a broader $3.2 billion federal initiative established by Congress to lower Internet costs for eligible households.

Hughes Network Systems has announced its subscription-based Internet backup service, HughesNet Internet Continuity, to assist small businesses during the 2021 hurricane season. This service ensures continued connectivity by automatically switching from terrestrial to satellite when land-based Internet fails. The press release also provides five critical preparation tips for businesses, emphasizing the importance of having a robust emergency action plan. Recognized as the Best Satellite Internet Provider of 2021 by U.S. News, Hughes connects over 1.5 million users in underserved regions.

EchoStar Corporation (NASDAQ: SATS) reported financial results for Q1 2021 with consolidated revenues of $482.6 million and net income of $77.6 million. Year-over-year comparisons show a 3.6% revenue increase driven by higher broadband service sales, despite a $5.9 million negative foreign exchange impact. Adjusted EBITDA surged 25% to $185.7 million, mainly due to increased gross margins and reduced administrative expenses. Hughes broadband subscribers total approximately 1.55 million, with a decline of 25,000 in the U.S., while Latin America saw an increase of 14,000.

Hughes Network Systems and OneWeb have been selected by the U.S. Air Force Research Lab to demonstrate managed Low Earth Orbit (LEO) satellite communications services connecting the Arctic region with global sites. This partnership aims to enhance high-speed, low-latency broadband access in areas previously lacking connectivity. Hughes will lead the adaptation and management of this service using OneWeb's satellite system, which includes user terminal development by Intellian. This initiative supports U.S. military operations and is part of the Defense Experimentation Using the Commercial Space Internet program.

EchoStar Corporation (NASDAQ: SATS) will conduct a conference call on May 6, 2021, at 11:00 a.m. ET to discuss its first quarter financial results. The call will be streamed live on the company's investor relations website, and a replay will be available post-call. Investors can access the financial results press release on EchoStar's website before the call. EchoStar is recognized for its innovative satellite communication solutions through its segments, Hughes Network Systems and EchoStar Satellite Services.

Hughes Network Systems, a leader in multi-transport technologies, was awarded Fortinet's Service Provider Partner of the Year for its HughesON Managed Network Services, particularly its SD-WAN solution. This accolade, announced at Fortinet's Accelerate 2021 conference, recognizes Hughes' notable growth and commitment to delivering reliable and secure networks. Hughes has integrated over 63,000 Fortinet devices across its network deployments, enhancing performance and security. The award reflects Hughes' successful collaboration with Fortinet, contributing to high customer satisfaction and service excellence.

Hughes Network Systems announced an increase in satellite capacity for HughesNet in Puerto Rico, aimed at improving service for existing customers and reaching more potential users. This enhancement is crucial due to the rising need for reliable internet access following the pandemic and natural disasters affecting the area. HughesNet, recently recognized as the Best Satellite Internet Provider of 2021, currently connects over 1.5 million subscribers across the Americas, providing broadband services in hard-to-reach locations.