By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > Markets > How Will The Cyber Attack Impact Dish’s Q1 Results?
Markets

How Will The Cyber Attack Impact Dish’s Q1 Results?

News Room
Last updated: 2023/04/28 at 6:55 PM
By News Room
Share
3 Min Read
SHARE

Dish Network stock (NASDAQ
NDAQ
: DISH) is poised to report its Q1 2023 results in early May, reporting on a quarter that saw the company face some disruptions to its operations on account of a cybersecurity attack. We expect Dish revenues to come in at about $4.1 billion for the quarter, a decline of about 5% versus last year and marginally ahead of the consensus estimates. We expect that earnings will stand at about $0.38 per share, ahead of the consensus estimates of about $0.36. So what are some of the key trends that are likely to drive Dish’s results for the quarter?

Dish’s satellite TV business has been facing a secular decline, due to cord-cutting. Over Q4 2022, the company lost a net of 268,000 pay-TV subscribers. Things could remain tough over Q1, as Dish faced a cybersecurity attack in late February, which impacted its internal communications, call centers as well as applications, and websites. The attack apparently disrupted the company’s customer onboarding, bill payments, and customer care operations for almost three weeks. This could potentially hurt the company’s subscriber onboarding and revenues to an extent. Dish’s wireless business – which presently comprises the Boost Mobile MVNO – lost about 24,000 subscribers in Q4 and it’s very likely that losses will be higher over Q1.

Dish stock has lost about half of its value this year, falling to about $7 per share due to the cyberattack and rising interest rates, which are seen as a negative for the highly leveraged company. However, we have a $14 price estimate for Dish that is well ahead of the current market price. While we will be revisiting our price estimate for the stock following earnings, we think that there is value in the stock at current levels. We think Dish’s valuation could be supported by its upside potential from its 5G wireless rollout as well as its massive spectrum holdings. The company holds around 150 MHz of sub-6 GHz frequency, compared to Verizon and AT&T
T
which own around 290 MHz each, per UBS. Although regulations prevent existing wireless carriers from buying Dish’s spectrum assets before 2026, the spectrum is nevertheless very valuable. Dish also trades at roughly 6x consensus 2023 earnings, which makes the risk-to-reward trade-off for the stock more acceptable. See our analysis on Dish Network Valuation: Expensive Or Cheap for more details.

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Invest with Trefis Market Beating Portfolios

See all Trefis Price Estimates

Read the full article here

News Room April 28, 2023 April 28, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Who blinked first? How the US and China broke their trade deadlock

The first meeting to break the US-China trade deadlock was held almost…

Trump could join Russia-Ukraine peace talks in Turkey

Donald Trump said he was open to joining talks between Russia and…

Hamas says it has released Israeli-American hostage

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Trump seeks to lower US drugs prices with tariff threat to Europe

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Tariffs are a bet on the free market rather than free trade

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

- Advertisement -
Ad imageAd image

You Might Also Like

Crypto

'Fundamental Shift' in Traditional Bitcoin Market Cycle May Be on the Horizon

By News Room
Crypto

FTX/Alameda Unstakes Over $1B in Solana – Is a Major Price Shift Coming?

By News Room
Crypto

Man Utd launch Player Trading Cards digital collectibles and Fantasy United game | 31 July 2024

By News Room
Crypto

Solana Meme Coin Prices Surge – Sealana Raises Over 3 Million

By News Room
Crypto

Can New AI Meme Coin Oracle Meme Surge Like Pepe?

By News Room
Crypto

The Next 100X AI Crypto?

By News Room
Crypto

Argentinian Regulators Talk Bitcoin with El Salvador Authorities

By News Room
Crypto

BitGo’s $100M Suit Against Galaxy Gets Green Light from Delaware Supreme Court

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?