Dish’s stock price movement
Dish Network (DISH) stock closed at $57.20 on August 30. The stock has fallen 10.5% in the past one-month period but has risen 17.1% in the past year. Dish has seen its stock price fall 1.3% year-to-date.
In contrast, Dish’s peers Comcast (CMCSA) and Time Warner (TWX) have seen their stock prices rise 18.3% and 5%, respectively, year-to-date. Plus, 21st Century Fox (FOXA) has seen its stock price fall 2.1% year-to-date.
Dish Network’s pay-TV business continues to decline, as indicated by its subscriber losses of 196,000 in 2Q17. The company expects this business decline to continue and is transitioning to becoming a connectivity company. Dish Network is looking at building out a connectivity network with its spectrum holdings, and it could even partner with another company in the future.
In this series, we’ll discuss Dish Network’s pay-TV business in greater detail and its outlook for the rest of the year. We’ll also see how Dish’s transition to the connectivity business is shaping up, and we’ll see what the recent United States (SPY) appeals court ruling could mean for the company.
But first, let’s look at how Dish Network views the current state of the pay-TV business.