We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Eutelsat's (EUTLF) OneWeb LEO Services Utilized by Sat One
Read MoreHide Full Article
Eutelsat Group (EUTLF - Free Report) recently announced that it inked a multi-year, multi-million dollar agreement with Australia-based Sat One.
Sat One offers enterprise connectivity across Australia and New Zealand with low-earth-orbit (LEO) satellite technology.
Per the agreement, Sat One will be utilizing EUTLF’s OneWeb LEO constellation for the “first-time activation of land-based services” across Australia’s remote northern and southern regions. It will also be used to activate maritime services in Australian waters and commercial services in New Zealand.
As Eutelsat’s OneWeb LEO becomes operational in Australia and New Zealand, Sat One will now be able to provide high-speed, low-latency connectivity services to enterprises, including mine sites, remote communities, and maritime clients.
The company is working on expanding its global footprint. With this alliance with Sat One, Eutelsat has expanded its presence in Australasia. Last month, Australian telecom operator, Telstra along with EUTLF, announced the launch of the biggest rollout of Eutelsat OneWeb LEO backhaul in Australia.
Under this rollout, more than 300 remote mobile base station sites (currently using satellite backhaul) will be connected to Eutelsat’s OneWeb LEO solution over the period of the next 18 months. The increase in capability will enable Telstra to increase mobile coverage as it executes new site deployments.
Eutelsat recently inked an agreement with Africa-based prominent ICT-systems integrator, NEC XON, for connectivity capacity on the Eutelsat OneWeb Low Orbit constellation. With this agreement, NEC XON will be able to integrate satellite capacity into its various systems. This will help it deliver secure connectivity for enterprise clients in areas that have no terrestrial Internet connectivity, including mining, agriculture and oil & gas.
Eutelsat OneWeb, a subsidiary of EUTLF, specializes in delivering Internet connectivity in LEO. The company acquired OneWeb in 2023. With the acquisition, it became a fully integrated GEO-LEO satellite operator. It now boasts a LEO constellation of more than 600 satellites and a fleet of 35 GEO satellites.
EUTLF carries a Zacks Rank #3 (Hold) at present. Shares of Eutelsat have lost 33.3% compared with industry's decline of 50.7% in the past year.
The Zacks Consensus Estimate for MANH’s 2024 earnings per share (EPS) has increased 3.6% in the past 60 days to $3.76. Manhattan Associates’ earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 27.6%. Shares of MANH have surged 67.7% in the past year.
The Zacks Consensus Estimate for SNPS’ fiscal 2024 EPS increased 0.2% in the past 60 days to $13.46. The long-term earnings growth rate is 17.5%. SNPS’ earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 4.1%. Shares of SNPS have soared 57.9% in the past year.
The Zacks Consensus Estimate for Microsoft’s fiscal 2024 EPS is pegged at $11.63, indicating growth of 18.6% from the year-ago levels. MSFT’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 8.8%. The long-term earnings growth rate is 16.2%. Shares of MSFT have rallied 53.3% in the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Eutelsat's (EUTLF) OneWeb LEO Services Utilized by Sat One
Eutelsat Group (EUTLF - Free Report) recently announced that it inked a multi-year, multi-million dollar agreement with Australia-based Sat One.
Sat One offers enterprise connectivity across Australia and New Zealand with low-earth-orbit (LEO) satellite technology.
Per the agreement, Sat One will be utilizing EUTLF’s OneWeb LEO constellation for the “first-time activation of land-based services” across Australia’s remote northern and southern regions. It will also be used to activate maritime services in Australian waters and commercial services in New Zealand.
As Eutelsat’s OneWeb LEO becomes operational in Australia and New Zealand, Sat One will now be able to provide high-speed, low-latency connectivity services to enterprises, including mine sites, remote communities, and maritime clients.
The company is working on expanding its global footprint. With this alliance with Sat One, Eutelsat has expanded its presence in Australasia. Last month, Australian telecom operator, Telstra along with EUTLF, announced the launch of the biggest rollout of Eutelsat OneWeb LEO backhaul in Australia.
Under this rollout, more than 300 remote mobile base station sites (currently using satellite backhaul) will be connected to Eutelsat’s OneWeb LEO solution over the period of the next 18 months. The increase in capability will enable Telstra to increase mobile coverage as it executes new site deployments.
Eutelsat recently inked an agreement with Africa-based prominent ICT-systems integrator, NEC XON, for connectivity capacity on the Eutelsat OneWeb Low Orbit constellation. With this agreement, NEC XON will be able to integrate satellite capacity into its various systems. This will help it deliver secure connectivity for enterprise clients in areas that have no terrestrial Internet connectivity, including mining, agriculture and oil & gas.
Eutelsat OneWeb, a subsidiary of EUTLF, specializes in delivering Internet connectivity in LEO. The company acquired OneWeb in 2023. With the acquisition, it became a fully integrated GEO-LEO satellite operator. It now boasts a LEO constellation of more than 600 satellites and a fleet of 35 GEO satellites.
EUTLF carries a Zacks Rank #3 (Hold) at present. Shares of Eutelsat have lost 33.3% compared with industry's decline of 50.7% in the past year.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks worth consideration in the broader technology space are Manhattan Associates (MANH - Free Report) , Synopsys (SNPS - Free Report) and Microsoft (MSFT - Free Report) . While MANH and SNPS sport a Zacks Rank #1 (Strong Buy) each, MSFT carries a Zacks Rank of 2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for MANH’s 2024 earnings per share (EPS) has increased 3.6% in the past 60 days to $3.76. Manhattan Associates’ earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 27.6%. Shares of MANH have surged 67.7% in the past year.
The Zacks Consensus Estimate for SNPS’ fiscal 2024 EPS increased 0.2% in the past 60 days to $13.46. The long-term earnings growth rate is 17.5%. SNPS’ earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 4.1%. Shares of SNPS have soared 57.9% in the past year.
The Zacks Consensus Estimate for Microsoft’s fiscal 2024 EPS is pegged at $11.63, indicating growth of 18.6% from the year-ago levels. MSFT’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 8.8%. The long-term earnings growth rate is 16.2%. Shares of MSFT have rallied 53.3% in the past year.