News Analysis

Comtech Telecommunications Corp. Exploring Strategic Alternatives

Melville, NY, August 25, 2014--Comtech Telecommunications Corp. (Nasdaq:CMTL) today confirmed that it is exploring strategic alternatives to enhance shareholder value, including a possible merger or sale of the company.

AsiaSat 1st Half 2014 Revenues Down 10%

Hong Kong, 21 August 21, 2014 -- Asia Satellite Telecommunications Holdings Limited (AsiaSat) today announced its 2014 interim results for the six months ended June 30, 2014. 1st half 2014 revenues was  HK$ 694 million, down 10% compared to the same period last year primarily due to a July 2013 agreement with a major customer which resulted in a significant extension of the contract.

ARRIS Gains, Cisco Loses in Set-top Box Market

Scottsdale, Ariz., August 20, 2014--The 2nd quarter 2014 showed about a 5% growth in set-top box revenues from a key set of major OEMs according to ABI Research. Most manufacturers saw similar sales, with ARRIS a clear winner, growing about 60% year-over-year to US$ 711 million (pro-forma based on the combined ARRIS-Motorola from the start of 2013). Cisco, however, was a clear loser, falling 30% to US$ 332 million, while Humax saw substantial revenue growth of 30%.

Gilat Posts Modest Revenue Increase in 2nd Quarter 2014

Petah Tikva, Israel, August 13, 2014 – Gilat Satellite Networks Ltd.  today reported its results for the second quarter ended June 30, 2014.Revenues for the second quarter increased to US$ 54.1 million compared to US$ 50.9 million in the first quarter of 2014.

Double Digit Adjusted EBITDA growth at ViaSat Driven by Broadband and Mobility Services

Carlsbad, Calif., August 12, 2014 – ViaSat Inc., announced its fiscal year 2015 first quarter financial results, which included revenues of US$ 319.5 million and a new Adjusted EBITDA record of US$ 60.2 million, up 14% from US$ 52.7 million recorded in the same period last year.

Telstra to Acquire Ooyala

Sydney, Australia, August 11, 2014--Telstra, one of the largest telecommunications and information services companies in the world, and Ooyala, a leader in video streaming and analytics, today announced they have reached a definitive agreement for Telstra to acquire Ooyala. The US$ 270 million investment increases Telstra's ownership in Ooyala from 23 per cent (fully diluted) to 98 per cent and is in addition to the US$61 million previously invested in Ooyala over the past two years. 

ORBCOMM Reports 10% Increase in Revenues in 2nd Quarter 2014

Rochelle Park, N.J., August 7, 2014--For the second quarter of 2014, Machine-to-Machine communications provider ORBCOMM reported  total revenues were up 30.9% year-over-year to US$ 24.3 million.  Service Revenues were up 10.2% to US$ 14.9 million over the prior year. Second quarter 2014 Product Sales of US$ 9.4 million were 86.4% higher than prior year. 

DISH Network Reports Record Revenues Second Quarter 2014

Englewood, Colo., August 6, 2014--DISH Network Corp. today reported revenue totaling US$ 3.69 billion for the quarter ending June 30, 2014, compared to US$ 3.49 billion for the corresponding period in 2013. Subscriber-related revenue increased 5.6 percent to US$ 3.65 billion from US$ 3.45 billion in the year-ago period.

Intelsat Reports Second Quarter 2014 Results

Washington, D.C., August 4, 2014--Intelsat S.A. today reported total revenue of US$ 615.7 million and net income attributable to Intelsat S.A. of US$ 66.8 million, or $0.53 per common share on a diluted basis, for the three months ended June 30, 2014.  The company reported adjusted net income per diluted common share1 of $0.76 for the quarter.

Eutelsat Fiscal Year 2013-14 Results in Line with Objectives

Paris, France, August 1, 2014--Eutelsat's  financial results for the year ended 30 June 30, 2014 was in line with revenue growth objectives of the company.  Revenue growth was 2.6%.   EBITDA margin ws 76.7% and backlog reached record levels of €6.4 billion.