$103.915
-2.432 (-2.34%)At close
SATS News
SATS Events
AT&T Selects Ericsson to Provide 600 MHz Radios
AT&T (T) has selected Ericsson (ERIC) to provide 600 MHz dual-band radios to support deployment of newly acquired spectrum from EchoStar (SATS). "We're more than halfway through our wireless network modernization, and we're executing to plan," said Yigal Elbaz, SVP and Network CTO, AT&T. "By combining our newly acquired 600 MHz spectrum with Ericsson's advanced radios, we're improving coverage and performance for customers while building a more modern, flexible network for the future."
Hughes Satellite Systems Files for Chapter 11 Bankruptcy Protection
Hughes Satellite Systems Corporation earlier announced that it and certain of its U.S. subsidiaries, including Hughes Network Systems, LLC, have filed voluntary chapter 11 petitions in the Bankruptcy Court for the Southern District of Texas, Houston Division to facilitate a financial and operational reorganization. This reorganization will allow the company to address its maturing secured and unsecured debt, strengthen its capital structure, and accelerate its ongoing transformation into an enterprise, government, and defense-focused business-all while continuing to serve its customers. Hughes has sufficient liquidity to fund its operations in the near-term and will seek to use its existing cash as it works to right-size the company's balance sheet. EchoStar Corporation, EchoStar's non-Hughes subsidiaries, and Hughes Satellite Systems Corporation's international subsidiaries are not included in Hughes' chapter 11 filing. Hughes' chapter 11 filing has no impact on EchoStar's other operations, employees or brands, including DISH TV, Sling TV, and Boost Mobile.
Company Reports Q2 Revenue of $3.58B
Reports Q2 revenue $3.58B vs. $3.72B last year. Net pay-TV subscribers decreased approximately 241,000 in the second quarter of 2026, compared to a decrease of approximately 261,000 in the year-ago quarter. The company closed the quarter with 6.39 million pay-TV subscribers, including 4.68 million DISH TV subscribers and 1.71 million Sling TV subscribers. Retail wireless subscribers decreased by approximately 118,000 in the second quarter of 2026, compared to an increase of 212,000 in the year-ago quarter. Broadband subscribers decreased by approximately 59,000 in the second quarter of 2026, compared to a decrease of 34,000 in the year-ago quarter.
Company Not Rushing to Overpay for Acquisitions
Says "not going to rush out to do something and overpay for something just because we have money." Comments taken from Q2 earnings conference call.
Major Averages Rise as S&P 500 and Nasdaq Rebound
The major averages were broadly higher near noon to close out the second quarter as traders continue to monitor oil prices amid tensions in the Middle East. The S&P 500 and Nasdaq are coming off a rebound session, while the Dow recently pushed above the 52,000 level. Despite geopolitical tensions, an oil-price shock earlier in the quarter, and persistent inflation concerns, major indexes are still on track for one of their strongest quarterly performances in years.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Patrick Industriesand LCI Industriesin an all-stock mergerDigital Realtyin three data centers from Blackstonefor $7.8BAeroVironmentreportedand provided upbeat FY27 guidanceAnthtropicfor Amazon Bedrockand Google Cloudand announced general availability of Claude models in Microsoft FoundryNCR Atleosand Brink'sshareholdersBrink's previously announced acquisition of NCR Atleos2. WALL STREET CALLS:Deutsche Bank and RosenblattComcastto BuyOppenheimerGoldman Sachsand Morgan Stanleyto UnderperformBofAOlinto Underperform from BuyBMOReplimuneon higher chances of FDA approvalPiperBlockwith $100 target after analyst transfer3. AROUND THE WEB:Williamsis in advanced talks to acquire Momentum Midstream for about $5.5B from EnCap Flatrock Midstream, Bloomberg reportsFerrariand BMWare releasing new models using lightweight aluminum wiring, shifting away from using copper, Reuters saysComponent and supplier lists, and photos of iPhone 18 Pro models, are among files a ransomware group stole from Apple'sIndian supplier Tata, Reuters reportsWaymo'srobotaxis are no longer available on Uber'sapp in Phoenix, Arizona, TechCrunch saysEchoStar'sDish DBS is preparing to file for bankruptcy after struggling with $25B in debt and years of subscriber losses, WSJ reports4. MOVERS:Abivaxincreases in New York after announcing results fromAevexgains after securing a $50MRezolve AIhigher in New York after its board of directors approved aSable Offshorelower after announcing a $100M stock and $300MNuvectis Pharmafalls after announcing a5. EARNINGS/GUIDANCE:Concentrixand cut its guidance for FY26General Millson July 1FactSeton July 1Progress Softwareon June 30MSC Industrialon July 1INDEXES:Near midday, the Dow was up 0.22%, or 117.39, to 52,300.13, the Nasdaq was up 1.21%, or 312.58, to 26,132.72, and the S&P 500 was up 0.61%, or 45.50, to 7,485.93.
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.