32.37 -0.26 (-0.79%)
After hours: 4:11PM EDT
Price Crosses Moving Average
|Bid||31.39 x 1100|
|Ask||33.50 x 1400|
|Day's Range||31.51 - 32.71|
|52 Week Range||17.09 - 44.66|
|Beta (5Y Monthly)||1.67|
|PE Ratio (TTM)||15.90|
|Earnings Date||Jul 27, 2020 - Jul 31, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 12, 2012|
|1y Target Est||39.25|
Click here to read the full article. Warren Schlichting, president of Dish Network's Sling TV over-the-top division who also oversaw ad sales and programming deals, is no longer with the company. His exit comes after Dish reported a net loss of 375,000 Sling TV customers over the last two quarters.Schlichting, a nearly nine-year Dish veteran, had been named head of the Sling TV group in December 2017. In his most recent role, the exec also oversaw acquisition and renewal deals for all programming content for Dish TV and Sling TV and advertising sales for both groups.Taking over as head of Sling TV is Michael Schwimmer, who returned to Dish in June 2019 to lead international business development and strategy. Kevin Arrix, senior VP of Dish Media Sales, will now report to Schwimmer; Arrix will continue to be responsible for the company's advertising sales, analytics and operations.Dish's satellite TV business has been in decline the last several years -- hurt by cord-cutting. In 2015, it launched Sling TV in 2015, hoping the internet-delivered pay TV package would offset those losses. In the fourth quarter of 2019, Dish posted Sling TV's first-ever sub declines, with a net loss of 94,000 accounts. That accelerated in Q1, as Sling TV shed 281,000 customers. As of March 31, Sling TV had 2.31 million customers, down 4.7% from a year earlier.Under Schlichting, Sling TV launched several free promotions during the COVID-19 pandemic to try to win new subscribers. In an interview in April, the exec said about the Sling TV giveaways, "I don’t know where this is going to land,” and said that within the company, “we’re either going to win a lot of friends or get thrown off the end of the boat.”Prior to heading up Sling TV, Schlichting served as Dish's EVP of marketing, programming and media sales. Prior to joining Dish in 2011, he worked at Comcast for nine years, most recently leading the operator's advanced advertising efforts on multiple media and ad delivery platforms including broadband, interactive television and video-on-demand. Before Comcast, he was CEO of Hiwire and served in executive positions for Morgan Stanley and the William E. Simon private equity group.Also Monday, Dish announced several other appointments: Dave Mayo has joined the team as EVP, network development; Jeff Blum has been promoted to EVP, external and legislative affairs; and John Swieringa has been named group president, retail wireless, retaining his duties as Dish chief operating officer.
DISH Network Corporation today announced an expansion of its senior leadership team to support and advance the company's wireless future. Industry veteran Dave Mayo has joined the team as EVP, Network Development, Jeff Blum has been promoted to EVP, External and Legislative Affairs, and John Swieringa has been named Group President, Retail Wireless, and will retain his duties as DISH Chief Operating Officer (COO). In addition, Michael Schwimmer has been named Group President, SLING TV, following the departure of Warren Schlichting.
Stocks made a comeback in May, as major indexes marched higher on the economy gathering steam, government's stimulus measures and optimism over a potential vaccine for coronavirus.
In this article we will check out the progression of hedge fund sentiment towards DISH Network Corp. (NASDAQ:DISH) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […]
If last week's headlines suggesting that telecom giant AT&T (NYSE: T) should shed its pay-TV service DirecTV rang familiar, there's a reason. Indeed, the idea that AT&T would be well-advised to sell its struggling satellite TV business has been in the back of a lot of investors' minds for a while now. It hasn't happened yet, of course, but the fact that discussions of it continue to be revived raises several questions, chief among them: What is DirecTV actually worth to AT&T?
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Dish Network (NASDAQ: DISH), the last of the major cable television names to post its most recent quarterly results, fared as poorly as its peers. With millions of TV watchers effectively trapped at home with plenty of time to rethink how and what they watch, the satellite television company shed another 413,000 video customers.
Analysts estimate steep first-quarter drops in the numbers of subscribers to cable, satellite TV, and virtual cable services.
The number of U.S. fatalities from the coronavirus that causes COVID-19 climbed above 73,000 on Thursday, as President Donald Trump’s administration said it is shelving recommendations from the Centers for Disease Control and Prevention on reopening safely because they were too cautious
Dish (DISH) delivered earnings and revenue surprises of -77.19% and 2.41%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Dish Network shares were down 0.66% in pre-market trading. The company is re-positioning itself as a wireless carrier to stem the losses in its Pay TV business as consumers move to online streaming platforms and cut cable services during nationwide furloughs and layoffs due to nationwide shutdowns to stop the spread of the coronavirus. Dish's pay TV unit, which includes its Sling TV streaming service, lost net 413,000 subscribers compared with a net loss of 259,000 subscribers a year earlier.
U.S. satellite TV provider Dish Network Corp said on Thursday it lost more than 250,000 pay TV subscribers in the quarter, as it disconnected connections for customers in the hospitality and airline sectors that were hit hard by lockdowns due to the COVID-19 pandemic. Dish's pay TV unit, which includes Sling TV that allows subscribers to stream live television, lost net 413,000 subscribers compared with a net loss of 259,000 subscribers a year earlier.
Click here to read the full article. Dish Network reported its worst-ever quarterly loss of subscribers, shedding 413,000 total pay-TV customers in the first three months of 2020. The satellite and over-the-top TV provider blamed the drop-off on the upheaval from the coronavirus pandemic.The company closed the first quarter with 11.32 million pay-TV subscribers, down 6% year-over-year. That included a sequential decline of about 132,000 satellite subs (to 9.01 million) and a net loss of 281,000 Sling TV subscribers -- accelerating the over-the-top service's erosion from Q4. As of March 31, Sling TV had 2.31 million customers, down 4.7% from a year earlier; Sling has launched several free promotions during the pandemic to try to win new subscribers.Dish has been steadily losing TV subscribers to cord-cutting pressure for several years, and the current health crisis appears to have exacerbated the shrinkage. "[T]he COVID-19 pandemic caused severe disruption in certain commercial segments served by Dish, including the hospitality and airline industries," the company said in reporting results.More broadly, Dish said, "We have faced, and could continue to face, fewer subscriber activations and increased subscriber churn rate as a result of the COVID-19 pandemic and the worsening of the global business and economic environment."Note that longtime rival DirecTV also suffered a dramatic subscriber decline in Q1 -- AT&T reported the pay-TV segment dropped 1 million subscribers in the period, comprising both satellite and broadband-delivered TV.Dish beat Wall Street expectations for revenue but missed on earnings per share. The company reported revenue of $3.22 billion for Q1, up 0.9% versus $3.19 billion for the corresponding period in 2019. Net income came in at $73 million (down from $340 million from the year-ago quarter), or earnings per share of 13 cents. Dish said the bottom line was hurt by $356 million in impairment charges related to the narrowband internet-of-things network deployment and the D1 and T1 satellites.Analysts on average expected Dish to report Q1 revenue of $3.15 billion and quarterly earnings of 57 cents per share.During the first quarter, Dish said, it paused service or provided "temporary rate relief" for certain commercial customers including bars and restaurants "to avoid charging commercial customers for services that were no longer being viewed by their customers." Those represented about 250,000 subscribers, which Dish dropped from its pay-TV subscriber count as of March 31.Dish also called out ongoing programming blackouts for hurting subscriber numbers. AT&T's HBO and Cinemax channels have been dark on Dish TV and Sling TV since November 2018, and "we and AT&T have been unable to negotiate the terms and conditions of a new programming carriage contract," the company noted in the Q1 report.In addition, Dish's pay-TV services have been without Fox-branded regional sports networks since July 2019. Since Sinclair Broadcast Group acquired the Fox RSNs last summer, the parties have not reached a carriage deal for the networks.Dish last month told employees it planned job cuts, particularly focused in the in-home services division, which handles on-site installation and support at customer locations. It has not disclosed the scope of the layoffs. Dish had 16,000 employees as the end of 2019.(Pictured above: Dish Network chairman Charlie Ergen)
Dish Network Corp. said Thursday it had net income of $73 million, or 13 cents a share, in the first quarter, down from $340 million, or 65 cents a share, in the year-earlier period. Revenue rose to $3.22 billion from $3.19 billion. The FactSet consensus was for EPS of 57 cents and revenue of $3.15 billion. The satellite TV company, which is planning to launch a 5G wireless phone service, said the COVID-19 pandemic caused "severe disruption" in segments it serves, including the hospitality and airline industries. The company paused service or offered temporary rate relief to about 250,000 subscribers in the quarter. "DISH does not expect to incur significant expenses from the reactivation of any returning commercial accounts," the company said in a statement. It ended the quarter with 11.32 million pay-TV subscribers. Net pay-TV subscribers declined by about 413,000 in the quarter. Dish shares were not yet active premarket, but have fallen 35% in the year to date, while the S&P 500 has fallen 12%.
DISH Network Corporation (NASDAQ: DISH) reported revenue totaling $3.22 billion for the quarter ending March 31, 2020, compared to $3.19 billion for the corresponding period in 2019.
T-Mobile US’s new management is about to have a chance to brief investors on the arduous task ahead: combining Sprint’s operations with its own.
Dish (DISH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
DISH Network Corp. (NASDAQ: DISH) will host a conference call at noon Eastern Time (ET) on Thursday, May 7, 2020, to discuss its first quarter 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 Q1 2020 Earnings Conference Call."