|Bid||0.00 x 1800|
|Ask||0.00 x 800|
|Day's Range||38.32 - 39.98|
|52 Week Range||30.45 - 44.66|
|Beta (5Y Monthly)||1.33|
|PE Ratio (TTM)||14.75|
|Earnings Date||Apr 30, 2020 - May 04, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 11, 2012|
|1y Target Est||41.97|
"Whether you can put Humpty Dumpty back together again remains an open question," Dish Chairman Charlie Ergen told analysts during a recent earnings call.
There is a common tactic among the more conventional players trying to combat Netflix's pureplay streaming service. It amounts to aggregation in many forms. its Marvel, Star Wars, Pixar and Disney stables to rival Netflix in alluring content, while coming to within 100m of its subscribers by aggregating Disney+ (28.6m), Hulu (30.4m) and ESPN+ (7.6m) to give it rapid growth to nearly 67m customers by this month.
Dish Network Corp (NASDAQ: DISH ) reported its Q4 2019 numbers and disclosed that it had lost both streaming and Pay-TV subscribers. What Happened Dish Network reported its fourth quarter , year-end financial ...
Dish stock fell a fraction despite better-than-expected fourth-quarter earnings on Wednesday after its chairman commented on a possible DirecTV merger. AT&T; owns satellite TV broadcaster DirecTV.
On the heels of a judge's approval of the Sprint/ T-Mobile merger, Dish shared additional details on its 5G plan during its fourth-quarter earnings call.
Ergen made his comments during a conference call to discuss quarterly earnings. For the year, DISH reported 2019 total revenue of $12.81 billion, compared with $13.62 billion in 2018. This is a challenging time for satellite TV.
Dish (DISH) delivered earnings and revenue surprises of 11.29% and 2.37%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Dish has struggled to retain pay-TV subscribers as it repositions itself as a wireless phone carrier, because customers are shifting to online streaming services including those from Netflix Inc , Walt Disney Co and Apple Inc . Dish's pay-TV business, which includes satellite TV and streaming service Sling TV, lost a net 194,000 subscribers in the fourth quarter, fewer than the 334,000 lost a year earlier.
DISH Network Corporation (NASDAQ: DISH) reported revenue totaling $3.24 billion for the quarter ending December 31, 2019, compared to $3.31 billion for the corresponding period in 2018.
If you look at its fundamentals, Dish Network (NASDAQ:DISH) may seem a dumb place to park new money.Source: Jonathan Weiss / Shutterstock.com A few months ago, so was Sprint (NYSE:S).By that I mean that, if you want to buy DISH stock, you buy it as an arbitrage play. While Dish is a dying business, facing mammoth capital requirements, it could easily be bought by this time next year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDISH stock opened for trade Feb. 18 at $39.89 per share. That's a year-to-date gain of 16%. It has a market capitalization of $21.5 billion. But it's 6% below its most recent peak -- one it hit in July 2019. Five years ago, Dish was trading at $75 per share. What's the Deal?Dish Network began life in the 1980s as EchoStar Communications. It was one of two direct satellite broadcasters. The other is DirecTV, now part of AT&T (NYSE:T).As consumers began rejecting satellite, and other forms of cable, for streaming services, Dish rolled out Sling TV, a "cable-lite" package delivered online, in 2015. Since 2015, Dish has continued to shed customers, but Sling has hung in there, gaining 214,000 subscribers in the third quarter of 2019. * 9 Food and Restaurant Stocks to Dine In On But that's not the point, my friend. Dish has been a regular entrant in the Federal Communications Commission spectrum auctions throughout the decade. It has put $20 billion into wireless spectrum now estimated to be worth $30 billion.For years, however, Dish has been a "spectrum hoarder," refusing to build out services on what it owns. Early in its fight to buy Sprint, T-Mobile (NASDAQ:TMUS) even urged the FCC to take the spectrum away from Dish for that reason.But the two companies are now on better terms. That's because in July, Dish agreed to pay $5 billion for key T-Mobile assets, including Boost, Sprint's re-sale business. The deal helped pave the way for T-Mobile's merger with Sprint to be completed. Is Dish for Sale?Dish Network CEO Charles Ergen may be the richest man you never heard of. His stake in Dish was estimated to be worth $10.5 billion last year.Ergen is litigious, and often gets into arguments with his union. He may have also bit off more than he can chew with T-Mobile.Dish still hasn't built out its spectrum, which will cost $10 billion. If it doesn't get that done by 2025 it faces fines of $2.2 billion. Ergen is also 66 years old, young for a presidential candidate but old for a CEO. Which is why many feel the next step for Dish should be its sale.Who would buy it? Comcast (NASDAQ:CMCSA) has gotten nowhere with its Xfinity wireless service, which is based on the side bands of its own customers' WiFi signals. Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) is a re-seller of T-Mobile and Sprint services with its Google Fi. It could buy Dish for what amounts to seat cushion money. So could Apple (NASDAQ:AAPL).As wireless services continue to consolidate around AT&T, Verizon Communications (NYSE:VZ) and the T-Mobile and Sprint tie-up, many expect prices, for customers and re-sellers, to deteriorate.This is the last mile for the major cloud companies, the key connection they need with customers during this coming decade. They won't let the sun go down on it. The Bottom Line on Dish StockDish Network hasn't said it's for sale. But it is.Dish lacks the financial strength to compete in the wireless business. But there are buyers who would see AT&T and Verizon not just as peers, but as mere irritations. Comcast is nearly as valuable as they are. Google is worth about twice what the two wireless giants are, put together. Apple's worth $400 billion more than that.One of these companies is likely to make Charles Ergen a very rich man in the next few years. With earnings tomorrow, you can speculate on getting a share of it.Dana Blankenhorn has been a financial and technology journalist since 1978. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Food and Restaurant Stocks to Dine In On * 7 Micro-Cap Stocks That Could Double * 7 U.S. Stocks to Buy on Coronavirus Weakness The post Dish Network Is a Speculative Play Ahead of Wireless Changes appeared first on InvestorPlace.
The three major U.S. stock market indexes rose as investors hoped that the coronavirus outbreak may be near its peak. Oil has gained and copper is rallying, too.
DISH Network Corp. (NASDAQ: DISH) will host a conference call at noon Eastern Time (ET) on Wednesday, February 19, 2020, to discuss its fourth quarter and year-end results. To attend the call, please use the information below for dial-in access. When prompted on dial-in, please utilize the conference ID and ask for the "DISH Network Q4 and Year-End 2019 Earnings Conference Call."
Reactions to the landmark decision to allow T-Mobile (Nasdaq: TMUS) and Sprint (NYSE: S) to move forward in their merger — and have Dish Network (Nasdaq: DISH) fill in as the fourth national wireless carrier — by a judge on Tuesday have been mixed. Judge Victor Marrero of the United States District Court for the Southern District of New York ruled in favor of a merger between Sprint and T-Mobile in a case brought forward by 13 state and District of Columbia attorneys general who opposed the deal.
Moody's Investors Service said that the ratings of T-Mobile USA, Inc. (T-Mobile, Ba2 stable) and Sprint Corporation (Sprint, B2 review for upgrade) remain unchanged following the outcome of antitrust litigation brought by attorneys general of 13 states and the District of Columbia (state AGs group). The trial began on December 9 in the New York federal court before Judge Victor Marrero and concluded with a decision filed today. Judge Marrero concluded that the merger between T-Mobile US, Inc. (T-Mobile US), the parent of T-Mobile, and Sprint was unlikely to weaken wireless competition and that DISH Network Corporation (Dish, Ba3 review for downgrade) would be viable as a new wireless carrier to maintain sufficient competition in the industry.
(Bloomberg) -- T-Mobile US Inc. is poised to close its long-sought merger with Sprint Corp., a deal that will reshape the U.S. wireless industry, after winning approval from a federal judge who rejected a state lawsuit against the tie-up.The two companies said Tuesday they expect to close as soon as April 1 after U.S. District Court Judge Victor Marrero in Manhattan said the states failed to persuade him that a merger of the No. 3 and 4 carriers would harm consumers.“Today was a huge victory for this merger,” T-Mobile Chief Executive Officer John Legere said in a statement. “We are finally able to focus on the last steps to get this merger done!”The ruling comes almost two years after the merger was announced. The companies had bet on a favorable reception from the Trump administration, which signed on to the deal last year. Regulators under President Barack Obama in 2014 rebuffed an earlier merger proposal out of fear that consolidating the market would lead to higher prices.Now the tie-up will give T-Mobile added heft to take on industry leaders AT&T Inc. and Verizon Communications Inc. The new T-Mobile will overtake AT&T in total number of regular monthly subscribers.For T-Mobile’s parent company, Deutsche Telekom AG, the deal reduces the German company’s reliance on Europe, where carriers are struggling to grow amid fierce competition and where its biggest rival -- Vodafone Group Plc -- bolstered its position by buying continental cable assets from Liberty Global Plc. T-Mobile’s importance for Deutsche Telekom has grown steadily in recent years and currently accounts for about half of group sales, up from about a third in 2014.Approval of the deal will come as a huge relief for Sprint parent SoftBank Group Corp. and its chairman, Masayoshi Son, who had faced the prospect of having to bail out Sprint if the deal were blocked. Now, the entrepreneur can better plug SoftBank as a technology investment powerhouse, allowing him to focus his energies on the $100 billion Vision Fund.Shares of Sprint soared 74% to $8.33 at 9:56 a.m. in New York from Monday’s closing price of $4.80. T-Mobile gained 11% to $94.13.T-Mobile and Sprint haven’t renewed the merger agreement since it lapsed on Nov. 1. T-Mobile has suggested there could be new terms, including on the price. Before the merger can close, it still needs approvals from California’s utility board and a federal judge in Washington who must sign off on the Justice Department’s settlement allowing the deal.In his decision, Marrero rejected key arguments from the states: that the merged company would raise prices for lower quality service and that Sprint could remain as a viable competitor without the merger.“T-Mobile has redefined itself over the past decade as a maverick that has spurred the two largest players in its industry to make numerous pro-consumer changes,” the judge wrote. “The proposed merger would allow the merged company to continue T-Mobile’s undeniably successful business strategy for the foreseeable future.”Consumer advocates blasted the decision as dangerous for wireless subscribers even with a settlement approved by federal regulators that envision Dish Network Corp. entering the market as a new wireless competitor. With the core satellite-TV business in decline, Charlie Ergen, the Dish co-founder and chairman, has amassed a trove of airwaves to build a state-of-the-art wireless network.“Going from four established nationwide wireless networks to only three -- with the possibility that we might someday, eventually, get some version of a fourth network added back into the mix -- will be extremely damaging to competition,” George Slover, senior policy counsel at Consumer Reports, said.Marrero’s ruling is a major setback for New York Attorney General Letitia James and her California counterpart, Xavier Becerra, who led the litigation for states representing more than 40% of the U.S. population. James said in a statement her office is considering an appeal.“From the start, this merger has been about massive corporate profits over all else, and despite the companies’ false claims, this deal will endanger wireless subscribers where it hurts most: their wallets,” she said.The states argued without success that the merger would lead to billions of dollars in extra costs for consumers, with wireless customers in urban areas being hit particularly hard. They also said the deal wouldn’t work out as planned because Dish was unlikely to be able to follow through on its commitments to become a viable wireless competitor.During the two-week trial, Marrero at one point expressed doubt that the new T-Mobile would “be so bold” as to raise prices after the merger without also offering better service, pushing back on testimony by an expert hired by the states who predicted that customers of the four biggest providers could see combined increases of as much as $8.7 billion, with $4.6 billion from T-Mobile alone.The defense also presented evidence that Sprint couldn’t survive without the deal. Legere had testified that Sprint would be “sold for parts” if the merger didn’t go through.The states’ lawsuit was the last major hurdle to the deal after it was approved by regulators at the Federal Communications Commission and the Justice Department’s antitrust division. The states that sued had urged Marrero after the trial not to give any extra weight to the federal government’s decision, calling the government’s review of the deal “cursory.”\--With assistance from Chris Dolmetsch and Stefan Nicola.To contact the reporters on this story: David McLaughlin in Washington at firstname.lastname@example.org;Scott Moritz in New York at email@example.com;Erik Larson in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: David Glovin at email@example.com, ;Sara Forden at firstname.lastname@example.org, ;Nick Turner at email@example.com, Joe Schneider, Paula DwyerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
District Judge Victor Marrero says he looked at demeanor, rather than numbers, to decide whether the T-Mobile-Sprint merger was anticompetitive.
A federal judge has ruled in favor of the merger of T-Mobile (Nasdaq: TMUS) and Sprint (NYSE: S), which directly benefits Denver-based Dish Network (Nasdaq: DISH), the company that has positioned itself to fill the gap Sprint will leave behind as a major national carrier. Judge Victor Marrero of the United States District Court in Manhattan decided to rule in favor of the merging companies, according to The New York Times. One state that was not part of the 13 was Colorado, which had a lawsuit but dropped it when Dish and T-Mobile agreed to meet certain conditions.
Dish Network continues to bleed TV subscribers. The satellite TV provider lost 194,000 subscribers in the latest quarter as customers shift to online streaming services such as Netflix, as well as newbies Disney and Apple. What's more, the company also lost 94,000 subscribers from its own low cost streaming service, Sling TV. But the pay-TV subscriber loss was much smaller than what it had shed last year, and the company's rising profit handily beat Wall Street's estimates. That helped drive shares higher at the market open Wednesday. Dish also said it will enter the race for the next generation of wireless, 5G. It'll acquire Sprint's prepaid business once T-Mobile and Sprint complete their merger deal. That would make DISH the fourth-largest mobile carrier in the U.S., behind Verizon, AT&T and the soon-to-be combined T-Mobile and Sprint. Dish says it could spend up to $1 billion to build out its wireless network this year. Separately, the CEO of the majority owner of T-Mobile US, Deutsche Telekom, said Wednesday his company aims to overtake AT&T and Verizon in the U.S. - now that the deal to take over Sprint is back on track, after a New York judge threw out a petition by a dozen states to block the deal. -------------- Dish Network continues to bleed TV subscribers. The satellite TV provider lost 194,000 subscribers in the latest quarter as customers shift to online streaming services from Netflix and newbies Walt Disney and Apple. What's more, the company also lost 94,000 subscribers from its own low cost streaming service, Sling TV. But the pay-TV subscriber loss was much smaller than what it had shed last year, and the company's rising profit handily beat Wall Street's estimates. That helped drive shares higher at the market open Wednesday. Dish will enter the race for the next generation of wireless, 5G. It'll acquire Sprint's prepaid business once T-Mobile and Sprint complete their merger deal. That would make Sprint the fourth-largest mobile carrier in the U.S., pitting it against Verizon and AT&T. Dish says it could spend up to $1 billion to build out its wireless network this year. Separately, the CEO of the majority owner of T-Mobile US, Deutsche Telekom, said Wednesday his company aims to overtake AT&T and Verizon in the U.S. now that a deal to takeover Sprint is within reach.