HomeMarket News The Dawn of EchoStar's (SATS) Revolutionary ESA Terminal: A Bright Future with...

The Dawn of EchoStar’s (SATS) Revolutionary ESA Terminal: A Bright Future with OneWeb LEO

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EchoStar Corporation’s SATS subsidiary, Hughes Network Systems, LLC, made waves with the recent unveiling of its state-of-the-art electronically steerable antenna-based (ESA) terminal β€” Hughes HL1120W. The terminal has now secured a green light from Eutelsat OneWeb Network to seamlessly operate within the latter’s low Earth orbit (LEO) satellite network, signaling a monumental leap in next-generation satellite communication technology.

With a vast array of offerings, including broadband equipment, advanced managed services, and software-defined networking solutions, Hughes Network Systems has long been a driving force in global connectivity. The debut of the Hughes HL1120W terminal on the OneWeb LEO Network opens up a world of possibilities, paving the way for high-speed, low-latency connectivity to reach customers globally like never before.

Furthermore, the strategic alliance between Hughes Network and Eutelsat OneWeb empowers the former to deploy LEO capacity as a managed broadband service, a multi-orbit mobility or enterprise solution, and even as a cutting-edge military network. The Hughes HL1120W terminal, with its rugged aluminum chassis and weather-resistant design, stands as a testament to innovation, offering a seamless user experience with impressive features like Wi-Fi 6 router and self-pointing capabilities towards the Eutelsat OneWeb satellite constellation.

Revolutionizing Satellite Communication

EchoStar Corporation Price and Consensus

EchoStar Corporation price-consensus-chart | EchoStar Corporation Quote

Eutelsat OneWeb, a subsidiary of Eutelsat Group that acquired OneWeb in 2023, now stands at the forefront of delivering internet connectivity via its extensive LEO constellation. Bolstered by a fleet of over 600 LEO satellites and 35 geostationary satellites, Eutelsat OneWeb is well-positioned to spearhead the next frontier in satellite communication technology.

Currently sporting a Zacks Rank #3 (Hold), EchoStar has charted an impressive course in the market. Despite facing headwinds along the way, SATS remains resilient, with a 26.8% decline in its share price over the past year, outpacing the broader sub-industry’s downtrend of 51.2%.

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Exploring New Horizons

Amidst the dynamic landscape of technology stocks, a few standouts capture attention. Noteworthy mentions in the realm of technology include the likes of Synopsys (SNPS), Iridium Communications (IRDM), and Microsoft (MSFT). With SNPS and IRDM securing a Zacks Rank #1 (Strong Buy), and MSFT holding a Zacks Rank of 2 (Buy), the stage is set for these industry frontrunners to shine.

Projections for SNPS look promising, with the Zacks Consensus Estimate for fiscal 2024 EPS resting at $13.36, signaling an impressive long-term earnings growth rate of 17.5%. On the other hand, IRDM has seen a robust surge in its 2024 EPS estimate, soaring 148.3% over the past 60 days to reach 72 cents. Microsoft continues to dazzle investors, with a projected fiscal 2024 EPS of $11.63, coupled with a solid long-term earnings growth rate of 16.2%.

Zacks Names #1 Semiconductor Stock

It’s only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.

With strong earnings growth and an expanding customer base, it’s positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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