Stock News in Focus: EchoStar Corporation (NASDAQ: SATS)

EchoStar Corporation (NASDAQ: SATS) stock identified change of 35.39% away from 52-week low price and recently located move of -8.93% off 52-week high price. It has market worth of $4329.65M .SATS stock has been recorded 4.28% away from 50 day moving average and 12.04% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.59% off 20-day moving average.

On July 24, 2019, Hughes Network Systems, LLC (HUGHES), the global leader in broadband satellite networks and services, reported it has been awarded an $11.8 million R&D contract by the U.S. Army, answering its requirement for improved resiliency and interoperability among SATCOM systems for military communications. The contract calls for Hughes to demonstrate a new, end-to-end Narrowband SATCOM Architecture (NBSA) incorporating Machine Learning (ML) and Artificial Intelligence (AI) features designed to improve three critical areas – network management, automated control, and system interoperability – for the U.S. Army Combat Capabilities Development Command (CCDC), C5ISR Center, Space and Terrestrial Communications Directorate.

This project exemplifies the shared commitment by the United States Army and Hughes to modernize and enhance network interoperability cost-effectively by using every available tool – including leading-edge software-based AI and ML technologies, said Dr. Rajeev Gopal, vice president, advanced programs at Hughes and principal investigator for the project.  We are proud to support the Army and help improve network interoperability and availability for narrowband SATCOM operations.

To learn more about Hughes defense solutions, visit defense.hughes.com

About Hughes Network Systems

Hughes Network Systems, LLC (HUGHES) is the global leader in broadband satellite technology and services for home and office. Its flagship high-speed satellite Internet service is HughesNet®, the world’s largest satellite network with over 1.3 million residential and business customers across the Americas. For large enterprises and governments, the company’s HughesON™ managed network services provide complete connectivity solutions employing an optimized mix of satellite and terrestrial technologies. The JUPITER™ System is the world’s most widely deployed High-Throughput Satellite (HTS) platform, operating on more than 20 satellites by leading service providers, delivering a wide range of broadband enterprise, mobility and cellular backhaul applications. To date, Hughes has shipped more than 7 million terminals of all types to customers in over 100 countries, representing approximately 50 percent market share, and its technology is powering broadband services to aircraft around the world.

Headquartered outside Washington, D.C., in Germantown, Maryland, USA, Hughes operates sales and support offices worldwide, and is a wholly owned subsidiary of EchoStar Corporation (NASDAQ: SATS), a premier global provider of satellite operations.

The Technology sector company, EchoStar Corporation noticed change of -1.22% to $45.47 along volume of 309265 shares in recent session compared to an average volume of 409.34K. The stock observed return of -0.18% in 5 days trading activity.The stock was at 7.98% over one month performance. SATS’s shares are at 15.99% for the quarter and driving a 0.80% return over the course of the past year and is now at 23.83% since this point in 2018.

The average volatility for the week at 2.09% and for month was at 1.89%. There are 95.22M shares outstanding and 45.74M shares are floated in market.Right now the stock beta is 0.75.

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