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.

Analysts Set New Price Targets

VSAT has been the topic of several research reports. TheStreet lowered Viasat from a "c" rating to a "d" rating in a research report on Wednesday, May 25th. Needham & Company LLC dropped their target price on Viasat from $58.00 to $44.00 and set a "buy" rating on the stock in a research report on Thursday, July 14th. B. Riley lowered their price objective on Viasat from $145.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, May 31st. Raymond James lowered their price objective on Viasat from $51.00 to $48.00 and set an "outperform" rating on the stock in a report on Tuesday, August 9th. Finally, Morgan Stanley lowered their price objective on Viasat from $49.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, July 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $56.50.

Viasat Price Performance

Shares of Viasat stock traded up $0.34 during midday trading on Monday, hitting $40.30. 289,340 shares of the company were exchanged, compared to its average volume of 423,756. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.55 and a quick ratio of 1.06. The firm has a market cap of $3.04 billion, a P/E ratio of -55.21 and a beta of 1.24. Viasat has a 52 week low of $25.38 and a 52 week high of $68.76. The firm has a 50 day simple moving average of $31.42 and a 200-day simple moving average of $39.28.

Viasat (NASDAQ:VSAT - Get Rating) last posted its earnings results on Wednesday, May 25th. The communications equipment provider reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.33). Viasat had a negative return on equity of 2.01% and a negative net margin of 1.93%. The company had revenue of $701.70 million for the quarter, compared to the consensus estimate of $724.40 million. During the same quarter last year, the business earned $0.11 EPS. Viasat's quarterly revenue was up 17.8% compared to the same quarter last year. Research analysts forecast that Viasat will post -0.37 earnings per share for the current year.