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Citi Raises PT on EchoStar (SATS) stock
Yahoo Finance· 2025-12-31 16:56
Group 1 - EchoStar Corporation (NASDAQ:SATS) is identified as a high growth large cap stock, with Citi analyst Michael Rollins raising the price target from $87 to $111 while maintaining a "Neutral" rating [1] - UBS also updated its price target for EchoStar, reducing it from $128 to $125, while keeping a "Neutral" rating [2] - Following the sale of 75% to 80% of its spectrum portfolio for approximately $43 billion, EchoStar has transitioned from a wireless operator to an investment company, leading to a valuation shift that assigns $11 billion to the remaining spectrum [3] Group 2 - The 3% stake in SpaceX is now implied to be worth around $22 billion, or roughly $65 per share, based on a private valuation of SpaceX at $800 billion, indicating significant upside potential compared to previous valuations [3] - EchoStar Corporation provides networking technologies and services, but there are suggestions that certain AI stocks may offer greater upside potential with less downside risk [4]
SATS INVESTIGATION NOTICE: Investigation Launched into EchoStar Corporation, Attorneys Encourage Investors and Potential Witnesses to Contact Law Firm
Prnewswire· 2025-06-09 13:30
Company Overview - EchoStar Corporation, along with its subsidiaries, provides networking technologies and services [3] Investigation Details - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving EchoStar, focusing on whether the company and its executives made false or misleading statements or failed to disclose material information to investors [1] Recent Developments - On May 12, 2025, The Wall Street Journal reported that the FCC would investigate EchoStar's compliance with federal requirements for building a nationwide 5G network, leading to a stock price drop of over 16% [4] - On May 30, 2025, EchoStar announced it would not make a $326 million cash interest payment to allow time for FCC relief, resulting in an additional 12% decline in stock price [5] - On June 2, 2025, EchoStar similarly disclosed it would not make approximately $183 million in cash interest payments due to FCC review uncertainty, causing a further stock price drop of more than 11% [6]
INVESTIGATION NOTICE: Robbins Geller Rudman & Dowd LLP Launches Investigation into EchoStar Corporation (SATS) and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact Law Firm
GlobeNewswire News Room· 2025-06-06 20:30
Company Overview - EchoStar Corporation, along with its subsidiaries, provides networking technologies and services [3] Recent Developments - On May 12, 2025, The Wall Street Journal reported that the Federal Communications Commission (FCC) would investigate EchoStar's compliance with federal requirements for building a nationwide 5G network, leading to a stock price drop of over 16% [4] - On May 30, 2025, EchoStar announced it would not make a cash interest payment of approximately $326 million to allow time for the FCC to provide requested relief, resulting in an additional 12% decline in stock price [5] - On June 2, 2025, EchoStar disclosed it would similarly not make approximately $183 million in cash interest payments due to uncertainty from the FCC review, causing a further stock price drop of more than 11% [6] Legal Investigation - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving EchoStar, focusing on whether the company and its executives made false or misleading statements or failed to disclose material information to investors [1]
SATS INVESTIGATION ALERT: Investigation Launched into EchoStar Corporation, Attorneys Encourage Investors and Potential Witnesses to Contact Law Firm
Prnewswire· 2025-06-05 00:28
Company Overview - EchoStar Corporation, along with its subsidiaries, provides networking technologies and services [3] Investigation Details - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving EchoStar, focusing on whether the company and its executives made false or misleading statements or failed to disclose material information to investors [1] - Investors who suffered losses or have information related to the investigation are encouraged to reach out to Robbins Geller [2] Recent Developments - On May 12, 2025, The Wall Street Journal reported that the FCC would investigate EchoStar's compliance with federal requirements for building a nationwide 5G network, leading to a stock price drop of over 16% [4] - On May 30, 2025, EchoStar announced it would not make a $326 million cash interest payment to allow time for FCC relief, resulting in an additional 12% decline in stock price [5] - On June 2, 2025, EchoStar disclosed it would not make approximately $183 million in cash interest payments due to uncertainty from the FCC review, causing a further stock price drop of more than 11% [6]