SES Shares Drop 4.77% to €7.48 Following a Four-Year High
A day after the celebration for SES. Following a four-year high of €8.19 on Tuesday, the Luxembourg-based satellite operator fell by 4.77% to €7.48 in early afternoon trading. The stock is currently at the bottom of the SBF 120 in a Parisian market that is also trending downward.
The profit-taking movement comes after a session of euphoria. On Tuesday, SES shares had gained 6.5% and marked the highest rise in the SBF 120, reaching €8.19 intraday before falling back to €7.95 at close. Today, the stock has dropped 4.77% to €7.48, placing it 120th in the broader Paris index, behind Exail Technologies (-2.67%) and Dassault Aviation (-2.04%). Despite this decline, the annual performance remains strong, nearly 60% over twelve months, with a quarterly gain of 13.4%. The rebound observed since mid-April, already documented during the crossing of €7.45 on May 4th, was fueled by the anticipation of the quarterly results published on Tuesday. Today's session marks a breather after this bullish run.
An RSI of 74 Indicates Rebound Exhaustion
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The technical setup sheds light on the movement. The RSI, at 74, remains in the overbought zone, which may indicate a risk of exhaustion after several sessions of rapid gains. The price is still significantly above all its moving averages: +8.1% compared to the MM20 (€6.92), +14.7% compared to the MM50 (€6.52). The technical resistance identified at €7.77 had curbed Tuesday's progress, and today's decline brings the stock back into the upper part of the Bollinger Bands, at 78% of the range. On the schedule, the next key events for the satellite operator are distant: the half-year results for 2026 are expected on July 30, followed by the third-quarter business update on November 5. The €7.77 threshold, a former resistance, will now be the first technical reference for the sequence.
SectorTélécommunications›Équipements de Télécommunications
Context
Period
Period: 3T/9M 2025
Guidance from the release
I am pleased to report our solid 9 months 2025 results which include the first quarter for the combined company following the successful close of the Intelsat acquisition on 17 July 2025.
Croissance tirée par le segment Networks (Aviation, Government), intégration d'Intelsat en bonne voie, carnet de commandes brut de €7,1 billion, lancements O3b mPOWER 9 & 10 réussis et règlement d'assurance partiel d'environ $87 million.
Risks mentioned
Risque de ne pas atteindre les synergies attendues de l’acquisition d’Intelsat
Retards ou échecs de lancements ou problèmes opérationnels des satellites
Risques réglementaires et obtention d’approbations
Pressions concurrentielles et évolution technologique réduisant la demande
Opportunities identified
Positionnement multi-orbit renforcé pour capter la croissance longue durée
Expansion du business Aviation (plus de 3,000 tails; 200 nouveaux tails gagnés depuis clôture)
Augmentation de capacité et résilience avec les satellites O3b mPOWER supplémentaires
Carnet de commandes et renouvellements importants (nouveau business et renewals > €1,4 billion YTD)
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