Viasat - VSAT Stock Forecast, Price & News

Viasat, Inc. provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines; community internet services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics. Its Commercial Networks segment offers fixed broadband satellite communication systems comprising satellite network infrastructure and ground terminals; mobile broadband satellite communication systems; antenna systems for terrestrial and satellite applications, such as earth imaging, remote sensing, mobile satellite communication, Ka-band earth stations, and other multi-band antennas; design and technology services comprising analysis, design, and development of satellites and ground systems; application specific integrated circuit and monolithic microwave integrated circuit chips; and network function virtualization, as well as space system design and development products and services include architectures for GEO, MEO, LEO satellites, and other satellite platforms. The company was incorporated in 1986 and is headquartered in Carlsbad, California.

Analyst Upgrades and Downgrades

VSAT has been the topic of several research analyst reports. Raymond James cut their target price on Viasat from $58.00 to $51.00 in a research report on Friday, May 27th. B. Riley cut their price target on Viasat from $145.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 31st. TheStreet lowered Viasat from a "c" rating to a "d" rating in a research report on Wednesday, May 25th. Morgan Stanley cut their price target on Viasat from $49.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, July 1st. Finally, Needham & Company LLC cut their price target on Viasat from $58.00 to $44.00 and set a "buy" rating on the stock in a research report on Thursday, July 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $57.25.

Viasat Stock Down 0.2 %

VSAT opened at $33.76 on Monday. Viasat has a 12 month low of $25.38 and a 12 month high of $68.76. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The stock has a market cap of $2.55 billion, a P/E ratio of -160.76 and a beta of 1.24. The stock's 50 day moving average price is $31.56 and its 200 day moving average price is $39.59.

Viasat (NASDAQ:VSAT - Get Rating) last announced its quarterly earnings data on Wednesday, May 25th. The communications equipment provider reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The firm had revenue of $701.70 million for the quarter, compared to analysts' expectations of $724.40 million. Viasat had a negative return on equity of 0.58% and a negative net margin of 0.56%. Viasat's revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 earnings per share. As a group, research analysts predict that Viasat will post -0.52 earnings per share for the current year.