EchoStar (SATS) Expands Swisscom's LoRaWAN IoT Coverage

Zacks Equity Research

20 June 2024 at 9:15 am·4-min read

EchoStar Corporation SATS subsidiary, EchoStar Mobile Limited, recently announced that Swisscom is deploying Actility and EchoStar Mobile to expand its LoRaWAN (Long Range Wide Area Network) IoT footprint across the European nations.

Based in Switzerland, Swisscom is one of the premium Information and Communications Technology companies, with the Swiss Confederation having a 51% stake in the company. It offers end-to-end digital and IT services to both private and business clients.

Swisscom is leveraging EchoStar Mobile’s advanced capabilities to support its sensor-to-satellite operations. Additionally, it is using Actility's ThingPark Exchange roaming hub, which facilitates the seamless integration between Swisscom’s terrestrial and EchoStar Mobile's satellite network.

France-based Actility is a leading provider of low-power wide-area networks and industrial-grade connectivity solutions for the IoT.

EchoStar Mobile's cutting-edge pan-European LoRa-enabled IoT network integrates the low-power, long-range advantages of LoRa with the extensive coverage of its satellite services. This initiative aims to provide a “direct-to-satellite” network solution that unleashes the true potential of IoT and its subsequent benefits to the industries.

EchoStar Mobile will offer Swisscom IoT satellite connectivity services over a multi-year period.

Prior to this collaboration, Swisscom’s IoT-managed solutions for various use cases (smart metering, environmental monitoring, tracking, agriculture and smart building) were powered by terrestrial connectivity.

Synergies stemming from the integration of EchoStar Mobile’s satellite connectivity and Actility's roaming platform will enable customers to access the “borderless” potential of connected IoT ecosystems, according to EchoStar Mobile.

Englewood, CO-based SATS is a global provider of satellite service operations, video delivery services, broadband satellite technologies and broadband Internet services. It caters to aeronautical, enterprise and government customers with its innovative network technologies, managed services and various communications solutions.

In May 2024, SATS secured an indefinite delivery, indefinite quantity deal from the U.S. Naval Supply Systems Command Spiral 4 wireless products and services purchasing program for $2.7 billion.

Per the terms of the contract, SATS’ subsidiaries Hughes Network Systems and Boost Mobile will provide 5G wireless services and devices to support the Department of Defense across all 50 states and U.S. territories and for international travel on temporary duty.

In the last reported quarter, SATS generated revenues of $4.01 billion, down 8.6% year over year. The decline in net subscribers of Pay-TV, Retail Wireless and Broadband and satellite services adversely impacted the top-line performance. The Zacks Consensus Estimate for revenues was pegged at $4.07 million.

Currently, EchoStar carries a Zacks Rank #3 (Hold). The stock has gained 0.2% in the past year against the sub-industry’s decline of 44.3%.

Image Source: Zacks Investment Research

Stocks to Consider

NVIDIA Corporation NVDA, sporting a Zacks Rank #1 (Strong Buy) at present, delivered a trailing four-quarter earnings surprise of 18.43%, on average. In the last reported quarter, it delivered an earnings surprise of 11.48%. You can see the complete list of today’s Zacks #1 Rank stocks here.

NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.

Arista Networks, Inc. ANET, sporting a Zacks Rank #1 at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 15.68% and delivered an earnings surprise of 15.39%, on average, in the trailing four quarters.

It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200 and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.

Silicon Motion Technology Corporation SIMO, sporting a Zacks Rank #1 at present, delivered a trailing four-quarter average earnings surprise of 4.72%.

SIMO is a leading developer of microcontroller ICs for NAND flash storage devices. The semiconductor company also designs, develops and markets high-performance, low-power semiconductor solutions for original equipment manufacturers and other customers.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

NVIDIA Corporation (NVDA) : Free Stock Analysis Report

EchoStar Corporation (SATS) : Free Stock Analysis Report

Silicon Motion Technology Corporation (SIMO) : Free Stock Analysis Report

Arista Networks, Inc. (ANET) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Yahoo Finance AU
Dire sign in Aussie dollar spike: 'On the warpath'
Australia is "straying from the narrow path", so could that spell a recession?
Yahoo Finance AU
$1.5 million pay day using simple $10 trick: 'Worth your attention'
Finance expert Ben Nash details how to avoid tax and build your retirement nest egg with these super tricks.
Moneywise
Warren Buffett believes the vast wealth gap in America is due to 1 'inevitable consequence'
"The poor are most definitely not poor because the rich are rich."
Bloomberg
A $100 Billion Bet on China’s Economy Sours as Warehouses Empty
(Bloomberg) -- In many parts of China, the warehouses and industrial parks that used to be a magnet for international investors are grappling with a surprising slowdown in business activity. Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorVW Latches Onto Rivian in $5 Billion EV Pact to Regain MomentumTrump Could Actually Lose Florida. Here’s Why.Nvidia Rout Takes Breather as Traders Scour Charts for SupportJulian Assange Leaves Court ‘Free Man,’
Yahoo Finance AU
Aussie banks issue cashless warning: ‘Going digital’
Aussies are using less and less cash with the drop recorded across ages, incomes and locations.
South China Morning Post
Hong Kong helps relieve yuan pressures as mainland China grapples with capital outflows
The yuan is facing its highest level of capital outflow in eight years, according to new research, and data suggest a wave of offshore yuan remittances from Hong Kong to mainland China have helped offset some of the currency's looming depreciation pressures. China's trailing 12-month net capital outflows stood at US$139 billion as of May 2024, the worst year for the figure since the period from 2016 to 2017, said the French investment bank Natixis in a presentation on Tuesday. Firms are reluctan
Simply Wall St.
Shareholders Are Optimistic That Paychex (NASDAQ:PAYX) Will Multiply In Value
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
NewsWire
Dire warning of several rate hikes this year
The worst fears of household borrowers could soon be realised as the Reserve Bank grapples with stubbornly persistent price pressures.
Insider Monkey
The Biggest Economy in the World by the End of 2024
We recently compiled a list of the 50 Biggest Economies in the World by the End of 2024 and in this article we will look at the country that topped our rankings. A Brief Analysis of the World Economic Outlook According to the United Nations, the global economic outlook has improved since January. The global […]
NewsWire
Aussie shares sink on inflation shock, hike fears
The Australian sharemarket tumbled on Wednesday after a shock inflation print sparked fears of a possible rate hike.
Simply Wall St.
J D Wetherspoon (LON:JDW) Has More To Do To Multiply In Value Going Forward
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
Insider Monkey
The Wealthiest Person in Singapore
We recently compiled a list of the 30 Wealthiest People in Singapore and in this article, we will look at the richest person in Singapore. An Outlook of the Singaporean Economy According to the Ministry of Trade and Industry (MTI), the Singaporean economy rose at a more rapid pace than expected in Q1 2024. The GDP […]
Bloomberg
Nvidia Rout Takes Breather as Traders Scour Charts for Support
(Bloomberg) -- Nvidia Corp. shares showed signs of steadying after a $430 billion selloff sent traders searching for signals as to where the bottom may be.Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorNvidia Rout Takes Breather as Traders Scour Charts for SupportTrump Could Actually Lose Florida. Here’s Why.Rivian Gets $5 Billion Lifeline in Joint Venture With VolkswagenJulian Assange Leaves Court ‘Free Man,’ Ending 14-Year DramaThe stock rose
Simply Wall St.
Top ASX Dividend Stocks To Consider In June 2024
Over the past year, the Australian market has shown a healthy uptick, growing by 9.9%, despite remaining flat in the last week. With earnings forecasted to grow by 14% annually, investors might consider dividend stocks that not only offer potential for steady income but also align with these promising market conditions.
Yahoo Finance Video
Dot-com bubble feels 'very similar' to today's environment
With Nvidia up over 154% year to date, Stifel managing director and chief equity strategist Barry Bannister joins Morning Brief to give insight into Nvidia's (NVDA) recent moves and how the tech giant reminds him of Cisco's (CSCO) performance during the dot-com bubble. "What happened with Cisco (CSCO) is, and same thing happened to Microsoft (MSFT), and Amgen (AMGN) and a number of other big cap stocks, is their PE multiple was too high and they earned into it over the course of the next 15 years. So the earnings went up dramatically, as was expected. This happened with the nifty 50 stocks in the early 70s. They earned very well, but their PE multiples were too high ... those companies had these mid-30s, 40-time multiples. They earned into it over the course of a decade," Bannister explains. He outlines the similarities between the dot-com bubble and the AI sector today: "But what we have today is extreme optimism on new technology. Then it was the internet, now it's AI. Narrow markets, increasingly narrow markets with a high valuation. Equity ownership was very high. And the day traders and all that. I'm just saying that you have to have been there 25 years ago to remember that it was a very similar feeling environment today." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
Simply Wall St.
Companies Like QuinStreet (NASDAQ:QNST) Can Afford To Invest In Growth
We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Reuters
Interactive Brokers reveals $48 million loss from NYSE glitch
The brokerage had filed claims with the NYSE to compensate it for these losses, but the exchange denied its ask, Interactive said. Outages caused by software and hardware malfunction have become common as trading moved from floors and pits to electronic systems, but glitches can roil markets and frustrate investors. Interactive said its losses stemmed from an attempt by its clients to take advantage of the massive drop in Berkshire's stock price.
Simply Wall St.
Ralph Lauren (NYSE:RL) Is Paying Out A Larger Dividend Than Last Year
The board of Ralph Lauren Corporation ( NYSE:RL ) has announced that it will be paying its dividend of $0.825 on the...
Bloomberg
One in Three BOJ Watchers Expects July Hike Along With QT Plan
(Bloomberg) -- The Bank of Japan will raise its interest rate in July in addition to unveiling a roadmap for its path toward quantitative tightening, according to one-third of economists surveyed by Bloomberg.Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorVW Latches Onto Rivian in $5 Billion EV Pact to Regain MomentumTrump Could Actually Lose Florida. Here’s Why.Nvidia Rout Takes Breather as Traders Scour Charts for SupportJulian Assange Leaves
GOBankingRates
6 Money Moves To Make When Your 401(k) Hits $1 Million
The first thing to do if your 401(k) hits $1 million is to pat yourself on the back. Most Americans struggle with saving for retirement, and only a small percentage reach the mythical seven-digit...

ALL ORDS

AUD/USD

ASX 200

OIL

GOLD

Bitcoin AUD

CMC Crypto 200

EchoStar (SATS) Expands Swisscom's LoRaWAN IoT Coverage

Stocks to Consider

Latest stories

Dire sign in Aussie dollar spike: 'On the warpath'

$1.5 million pay day using simple $10 trick: 'Worth your attention'

Warren Buffett believes the vast wealth gap in America is due to 1 'inevitable consequence'

A $100 Billion Bet on China’s Economy Sours as Warehouses Empty

Aussie banks issue cashless warning: ‘Going digital’

Hong Kong helps relieve yuan pressures as mainland China grapples with capital outflows

Shareholders Are Optimistic That Paychex (NASDAQ:PAYX) Will Multiply In Value

Dire warning of several rate hikes this year

The Biggest Economy in the World by the End of 2024

Aussie shares sink on inflation shock, hike fears

J D Wetherspoon (LON:JDW) Has More To Do To Multiply In Value Going Forward

The Wealthiest Person in Singapore

Nvidia Rout Takes Breather as Traders Scour Charts for Support

Top ASX Dividend Stocks To Consider In June 2024

Dot-com bubble feels 'very similar' to today's environment

Companies Like QuinStreet (NASDAQ:QNST) Can Afford To Invest In Growth

Interactive Brokers reveals $48 million loss from NYSE glitch

Ralph Lauren (NYSE:RL) Is Paying Out A Larger Dividend Than Last Year

One in Three BOJ Watchers Expects July Hike Along With QT Plan

6 Money Moves To Make When Your 401(k) Hits $1 Million