|Bid||0.00 x 1000|
|Ask||0.00 x 4000|
|Day's Range||34.31 - 35.31|
|52 Week Range||23.22 - 37.47|
|Beta (3Y Monthly)||1.82|
|PE Ratio (TTM)||11.82|
|Earnings Date||Aug 1, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||46.41|
Tech Sector: Analyzing the Latest Acquisition Deals(Continued from Prior Part)Dish Network to buy EchoStar’s assetsOn May 20, Dish Network (DISH) announced that it will buy the satellite services business from EchoStar (SATS) for $800 million.
Investing.com - U.S. stocks bounced back on Tuesday from a slump a day earlier, led by tech stocks after the U.S. temporarily eased some of the restrictions on China's Huawei.
DISH Network (DISH) to buy EchoStar's satellite services business that manages and provides broadcast satellite services in an all-stock deal.
The market started yesterday's action in the hole, and was content to end it there, essentially where it started. The S&P 500 ended the day down 0.67%, with trade tensions still weighing on investors' confidence.Source: Allan Ajifo via Wikimedia (Modified)Qualcomm (NASDAQ:QCOM) led the way lower, falling almost 6% on the heels of news that the ban on deals with China's tech company Huawai would hit it particularly hard. Broadcom (NASDAQ:AVGO) fell almost as much for the same reason.There were some winners though. Chief among them was Sprint (NYSE:S), up almost 19% after FCC Chairman Ajit Pai commented he was in favor of its intended merger with T-Mobile US (NASDAQ:TMUS).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Baby Boomer Stocks to Buy None are great prospects headed into Tuesday's session, however. Rather, it's the stock charts of DISH Network (NASDAQ:DISH), WellCare Health Plans (NYSE:WCG) and Synopsys (NASDAQ:SNPS) worth closer looks. Synopsys (SNPS)Sometimes it takes one last big, high-volume selloff called a capitulation to get a new uptrend started. Other times, the opposite applies. It takes what looks to be a heating up of an already impressive rally to kickstart an overdue pullback.That appears to be what's materialized for Synopsys over the course of the past few days. For the better part of last week, it looked like it could do no wrong. As of yesterday though, it's breaking down key technical support in a rather decisive fashion. Click to Enlarge * Monday's close below the purple 50-day moving average line is a red flag, but made even more alarming by the fact that the stock jumped to new 52-week highs on a volume surge on Thursday. * Zooming out to a weekly chart we get a feel for just how overextended the rebound from early in the year was. Up more than 50% for the four-month stretch, profit-takers are getting antsy. DISH Network (DISH)A couple of weeks back, DISH Network moved onto traders' radars as a bullish candidate thanks to its so-called 'golden cross,' where the 50-day moving average line moves back above the 200-day moving average. Shares ended up bumping into an established ceiling around $35.55 though, setting the stage for what ended up being a sizeable intraday pullback on Monday.The nature of that stumble and what happened in the middle of yesterday's action, however, sets the stage for not just more bullishness, but the breakout thrust that couldn't get going in earnest a month ago. * 7 ETFs for Healthy Healthcare REITs Click to Enlarge * The sheer height and shape (and placement) of Monday's bar is the key. All it took was a kiss of the gray 100-day moving average line to chop the intraday loss in half. * The volume spike is another key clue of potential bullishness. The mass migration in and out of the stock suggests all the would-be sellers and weak hands were flushed out. * The clinchers for the clue are a follow-through break above the near-term ceiling around $35.55 and then last year's high around $37, marked in yellow on both stock charts. WellCare Health Plans (WCG)With nothing more than a quick glance, WellCare Health Plans just looks like a volatile, indecisive stock. And, perhaps that's all it is. There has been more method to the madness of late than it seems with just a superficial glance though, and the bullish argument got even better last week, and better still on Monday. There's just one proverbial fly in the ointment.The recent buy signal is last week's cross back above the 200-day moving average line, plotted in white on both stock charts. That line appeared to serve as support yesterday. Click to Enlarge * At the same time, WCG shares are logging higher lows. * Although impressively bullish since late last week despite the marketwide bearish tide, the bullish volume is thin and waning. * The line to watch from here is just under $290, where WellCare Health Plans peaked a couple of times since the beginning of the year. That ceiling is marked in red on both stock charts. * The long-term uptrend has been bullish for years, driven by a rising support line that extends back to 2016.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post 3 Big Stock Charts for Tuesday: Synopsys, DISH Network and WellCare Health Plans appeared first on InvestorPlace.
Moody's Investors Service (Moody's) says that DISH Network Corporation (Ba3 CFR) (DISH) and EchoStar Corporation (wholly owned subsidiary Hughes Satellite Systems Corporation B1 CFR) (EchoStar) agreement that will transfer certain EchoStar operations and other assets that comprise the company's Broadcast Satellite Service (BSS) Business, to DISH in exchange for approximately 22.9 million shares of DISH stock is credit positive for Dish and indirectly, its wholly owned subsidiary Dish DBS Corporation (B1 CFR) (DISH DBS), but it will not impact the current credit ratings or stable outlooks. The assets being transferred to DISH are expected to include nine direct broadcast satellites (DBS) and the certain key employees responsible for satellite operations, licensing for the 61.5-degree orbital slot, and select real estate properties.
DISH Network (NASDAQ:DISH) stock took a hit on Monday as the company unveiled plans to acquire EchoStar's Broadcast Satellite Service (BSS) business in a deal that's reportedly worth more than $800 million.Source: Dave L via FlickrThe move will see the Englewood, Co.-based television service provider acquire some operations and other assets from EchoStar's BSS segment. DISH will shell out roughly 22.9 million shares of its stock to be distributed to EchoStar shareholders, which tallies up to over $800 million-the Friday closing price of the stock was $35.33 per share.More specifically, DISH will attain nine Direct Broadcast Satellites (DBS), as well as certain key employees who are integral to the business' satellite operations. The company will also get licensing for EchoStar's 61.5-degree orbital slot, as well as select real estate properties.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe DBS satellites included in the acquisition include the EchoStar VII, EchoStar X, EchoStar XI, EchoStar XII, EchoStar XIV, EchoStar XVI, EchoStar XXIII, Nimiq 5, as well as the QuetzSat-1. "In 2017, when DISH acquired the EchoStar assets that we needed to deliver the DISH TV and Sling TV customer experiences, key broadcast satellite operations and services remained with EchoStar," said DISH Network President and CEO Erik Carlson."This transaction brings those operations, including the BSS satellites, associated assets and key team members, in house and we expect those additions will create operational efficiencies and improve both free cash flow and EBITDA," he added.DISH stock is down roughly 5.9% on Monday following the news. More From InvestorPlace * 7 Stocks to Buy that Lost 10% Last Week * 6 Chinese Stocks That Could Pop On a Trade Deal * 7 High-Yield REITs to Buy (Even When the Market Tanks) Compare Brokers The post DISH Network News: Why DISH Stock Is Diving Today appeared first on InvestorPlace.
U.S. stocks slid on Monday as the White House's restrictions on Chinese telecoms equipment maker Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China. Since the White House added Huawei to a trade blacklist last week, several companies have suspended business with the world's largest telecom equipment maker.
Satellite broadcasting network company DISH Network strikes a deal to buy another chunk of EchoStar's broadcast satellite service business for $800 million in stock.
Pivotal Research analyst Jeff Wlodarczak downgraded Dish Networks Inc. shares to hold from buy on Monday, after the Federal Communications Commission chairman came out in favor of Sprint Corp. and T-Mobile US Inc.'s proposed merger. "The likely ultimate approval of the Sprint/T-Mobile deal likely significantly pushes back the timing for a potential Dish spectrum deal materially," Wlodarczak wrote. "Recall we previously argued that a Sprint/T-Mobile deal fail could have potentially driven a Verizon/T-Mobile bidding war for Dish spectrum and while Verizon still absolutely would appear to need Dish spectrum, they appear to be under little pressure to actually enter into a deal in the short/medium term." Wlodarczak also commented on Dish's plan to acquire the Broadcast Satellite Business from EchoStar Corp. for $810 million in stock as of the deal announcement prior to the start of trading. He said that while he doesn't "love" the deal, he sees it as "likely a prudent move" given an expected delay in Dish's ability to monetize its spectrum. Dish shares are off more than 11% in morning trading. They're still up 25% so far this year, as the S&P 500 has risen 13%.
Dish Network Corp. announced Monday a deal to buy EchoStar Corp.'s broadcast satellite service (BSS) business in a stock deal valued at over $800 million. Under terms of the agreement, Dish will exchange 22.9 million of its shares, to be distributed to EchoStar shareholders, in exchange for nine direct broadcast satellites and certain key employees, and select real estate properties. Based on Friday's closing price of $35.33, the deal is valued at $809.06 million. ""In 2017, when DISH acquired the EchoStar assets that we needed to deliver the DISH TV and Sling TV customer experiences, key broadcast satellite operations and services remained with EchoStar," said Dish Chief Executive Erik Carlson. "This transaction brings those operations, including the BSS satellites, associated assets and key team members, in house and we expect those additions will create operational efficiencies and improve both free cash flow and EBITDA." Dish's stock, which was still inactive in premarket trade, has run up 41.5% year to date, while the S&P 500 has gained 14.1%.
ENGLEWOOD, Colo. , May 20, 2019 /PRNewswire/ -- DISH Network Corporation and EchoStar Corporation today announced they have executed an agreement that will transfer certain EchoStar operations and other ...
The BSS Business includes the business of EchoStar that manages and provides broadcast satellite services to DISH and its subsidiaries and DISH Mexico, S. de R.L. de C.V. It also provides telemetry, tracking and control services to satellites owned by DISH and a portion of EchoStar's other businesses. The transaction will also include the products, assets, licenses and technology, and the business operations, revenues, billings, liabilities and operating activities, primarily related to those businesses and certain other EchoStar real estate properties. Mike Dugan, President and CEO of EchoStar said.
Take a look at the world's top 10 entertainment companies, spanning the movie, television, cable television, gaming, and streaming video sectors.
Highland Capital Management, which manages Highland Global Allocation HGLB , misstated the value of one of the fund's largest holdings, TerreStar, last year. Beyond the restatement, there's reason to question Highland's valuation of TerreStar, a privately held licensee of wireless spectrum capacity. Highland appears to have valued the firm as if it's a stable going concern.
Can Dish Rebound from Its Customer Losses and Carriage Disputes?(Continued from Prior Part)Analysts’ recommendations on Dish NetworkOf the 23 analysts covering Dish Network (DISH), ten have given the stock “buy” ratings, while ten have given
Can Dish Rebound from Its Customer Losses and Carriage Disputes?(Continued from Prior Part)Carriage fee disputeDish Network (DISH) has recently been involved in carriage fee disputes with Univision and AT&T (T), which has majorly hurt its
Can Dish Rebound from Its Customer Losses and Carriage Disputes?(Continued from Prior Part)Dish’s churn Dish Network (DISH) has recently been posting lower churns, but in the first quarter of 2019, DISH TV’s churn rate of 1.78% was higher than
Although the T-Mobile (NASDAQ: TMUS) and Sprint Corporation (NYSE: S) merger is far from a certainty, for now investors are combing through Sprint's fourth-quarter results to see if Sprint stock still is worth getting in on.Source: Shutterstock Shareholders liked the revenue growth and postpaid net additions in 2018 and did not worry over the higher capital expenditures. Today's network capital expenditure will pay off tomorrow through higher subscriber growth and average revenue per user.In the very near future, the introduction of 5G in select cities should accelerate that subscriber growth in the next few quarters.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Great Stocks to Buy on Dips Strong Fiscal 2018 and Sprint StockSprint reported operating income of $398 million, while its loss of $1.9 billion is due to a non-cash charge of $2 billion. Adjusted EBITDA was $12.8 billion. Post-paid net additions of 710,000 is an increase of 286,000 from last year's levels.Cost controls resulted in a $1.2 billion gross cost reduction of services, general and administrative expenses. For this fiscal year, the cost cuts will be offset by incremental costs related to network and customer experience initiatives.The Mobile 5G offering is through the execution of the Next-Gen Network plan. In the fourth quarter, Sprint deployed 80% of its 2.5GHz spectrum, with 30,000 outdoor small cells deployed. The 1,500 MIMO radios will increase the capabilities of its LTE network.Sprint said that a software update will give 5G service in various cities in the coming weeks. Chicago, Atlanta, Dallas, and Kansas City are the cities that the company plans to offer 5G services first. Houston, Los Angeles, New York City, Phoenix, and Washington D.C. are next, with deployment set for the end of June. Fourth-Quarter Results by the NumbersPostpaid additions of 169,000 were offset by postpaid phone declining by 189,000. Total wireless additions was a net 8,000. Churn in postpaid, postpaid phone, and prepaid all rose slightly but not enough to concern investors. ARPU was mostly steady except for prepaid, which fell from $37.15 last year to $33.67.Net operating revenue from service, equipment sales, and equipment rentals all rose. And on a non-GAAP basis, Adjusted EBITDA margin rose to 55.4%, up from 47.2% last year.With numbers this strong, Sprint has potential upside even though the merger with T-Mobile is uncertain. Citi calculated a bear-case scenario where the deal would fall through and said Sprint would be worth just $3 a share. But Sprint has a manageable debt load, cut its costs and is demonstrating higher profitability. The 5G rollout will only lift ARPU and could potentially help the company accelerate subscription growth. Merger Alternatives and Sprint StockIf the Sprint/T-Mobile deal does not work out, Sprint could instead merge with Dish Networks (NASDAQ:DISH). Dish Networks would benefit from having a telecom unit in its business, diversifying the company from its pay-TV services.Markets are confident that the T-Mobile/Sprint deal will go through because the stock, at $5.79, is not far from its high of $6.61. Sprint has a valuable network of 5G, so this high-speed network is of strategic importance for T-Mobile. Because T-Mobile has the low to mid-end of the spectrum, its signal can penetrate buildings in the city. Sprint is at the other end of the spectrum and offers high-speed services.Investors could buy Verizon Communications (NYSE: VZ) and get a regular dividend yielding 4.26%. The stock topped over $60 a share and closed recently at $56.63. AT&T (NYSE: T) is a dominant player in the wireless space. Its stock dipped recently from over $32 down to $30.53. The stock now yields a dividend of 6.68%. Your TakeawaySo few analysts cover Sprint stock that there is no price target available from Wall Street. Conversely, the street has a 15% upside target on TMUS stock. Analysts are even more bullish on AT&T stock, setting an 18% upside target price on shares. I believe the recent dip in Sprint shares creates a compelling entry point.If the deal with T-Mobile moves forward, shareholders will get rewarded. Plus, owning a combined T-Mobile-Sprint company is worth the wait.Disclosure: As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Great Stocks to Buy on Dips * 6 Growth Stocks to Buy for the Rest of 2019 * 4 Mega-Cap Stocks to Sell Before They Melt Down Compare Brokers The post Buy Sprint Stock Ahead of the T-Mobile Merger Approval appeared first on InvestorPlace.
Can Dish Rebound from Its Customer Losses and Carriage Disputes?(Continued from Prior Part)Dish Network’s declining customer baseSatellite TV provider Dish Network (DISH) has been seeing a fall in its overall subscriber base for the past four