Revenue Update on DISH Network Corp(NASDAQ:DISH)

DISH Network Corp(NASDAQ:DISH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $3.84B. Analysts estimated a revenue of $3.86B. Earnings per share were $0.88. Analysts had estimated an EPS of $0.71.

In a different note, On Jun 28, 2016, MoffettNathanson said it Downgrades its rating on DISH Network Corp. The shares have been rated ‘Sell’ by the firm.

DISH Network Corp (DISH) shares turned negative on Wednesdays trading session with the shares closing down -0.12 points or -0.23% at a volume of 16,84,279. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $52.37. The peak price level was also seen at $52.37 while the days lowest was $51.355. Finally the shares closed at $51.97. The 52-week high of the shares is $69.82 while the 52-week low is $38.8455. According to the latest information available, the market cap of the company is $24,151 M.

Several Insider Transactions has been reported to the SEC. On Jul 6, 2016, Paul W Orban (SVP, Chief Accounting Officer) sold 94 shares at $52.22 per share price.Also, On Jun 2, 2016, R Stanton Dodge (EVP, Gen Counsel & Sec) sold 20,000 shares at $48.79 per share price.On Nov 20, 2015, Thomas A Cullen (EVP, Corporate Development) sold 80,000 shares at $63.33 per share price, according to the Form-4 filing with the securities and exchange commission.

DISH Network Corporation is a holding company. The Company operates through two segments: DISH and Wireless. It offers a range of video services under the DISH brand with access to a range of channels depending on the level of subscription. Its standard programming packages include programming provided by national broadcast networks local broadcast networks and national and regional cable networks. It also offers programming packages that include sports channels movie channels and Latino and international programming. It also offers wireline voice and broadband services under the dishNET brand as a competitive local exchange carrier to consumers living in a 14 state region in the western United States. The Company also offers Sling TV a live linear streaming over-the-top (OTT) service including 14 channels offered for a monthly subscription. The Company owns a range of wireless spectrum licenses and related assets. It owns 700 MHz Licenses AWS-4 Licenses and H Block Licenses.

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