Intelsat falls 12% on low forecasts

Intelsat’s results are not that different from its two giant competitors, SES and Eutelsat. Each of the three are in for a tough year ahead with – at best – flat prospects, and bandwidth contract renewal prices under pressure.

However, Intelsat’s stock price is always highly volatile and its February 26th results disappointed the market which drove its share price down 11.9 per cent following CEO Steven Spengler’s results update on trading to December 31st 2017 and admission that the upcoming year would see revenues in the $2.06-$2.11 billion range, which is down on 2017’s revenues of $2.14 billion.

Source: Intelsat falls 12% on low forecasts