Streetbeat News

MDALF

MDA Ltd

Industry

Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing

Open

18.60

Mkt cap

2.3B

Volume

240

High

18.69

P/E Ratio

69.22

52-wk high

18.69

Low

18.60

Div yield

N/A

52-wk low

7.77

SatixFy Communications Ltd (NYSE:SATX) shares surged by over 26% after the company announced a deal to sell its digital payload division, SatixFy Space Systems UK Ltd., to MDA Ltd. (OTC:MDALF) for $40 million. The transaction also includes $20 million in advanced payments under new commercial agreements. The deal is expected to close in Q4 FY23.

Portfolio Pulse from Lekha Gupta

August 31, 2023 | 2:21 pm

Microsoft is under scrutiny for its role in a government email breach. Roblox has launched a virtual career hub. Despite restrictions by tech giants, ChatGPT's popularity is surging in US workplaces. Occidental subsidiary 1PointFive has received a US DoE grant to develop a direct air capture hub. Wells Fargo faces potential NLRB action over labor law violations. WeWork's stock has gained over 35%, triggering speculation of meme treatment. Arco Platform is going private via a $1.5B merger deal. Telesat's shares are trading higher after Q2 earnings. Ford plans to incorporate new software to boost revenue for commercial trucks and vans.

Portfolio Pulse from Vandana Singh

August 11, 2023 | 2:51 pm

Telesat Corporation (NASDAQ:TSAT) shares are trading higher after the company reported Q2 results and selected MDA Ltd (OTC:MDALF) as the prime satellite manufacturer for its Lightspeed Low Earth Orbit constellation. Telesat's Q2 revenue was C$180 million, a 4% Y/Y decrease, mainly due to a termination of service by a South American customer and reduced revenue from a North American customer. The company reiterated its FY23 forecast for revenues of C$690 million-C$710 million and Adjusted EBITDA of C$500 million-C$515 million.

Portfolio Pulse from Nabaparna Bhattacharya

August 11, 2023 | 12:57 pm

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