Stock of the Day - July 24, 2020

Viasat (VSAT)

$71.48

+$2.77 (+4.0%)

Market Cap: $9.38B

About Viasat

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 and private business jets; satellite-based connectivity 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; and space systems design and satellite networking development systems. The company's Government Systems segment offers government mobile broadband products and services include mobile broadband modems, and terminals and network access control systems; mesh and hub-and-spoke satellite networking systems; secure networking, cybersecurity, and information assurance products; and tactical data link solutions. It designs and development of satellite and ground communications systems and network function virtualization, as well as ground-based network subsystems, 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.

Today's Trend

Viasat Inc. (NASDAQ: VSAT) shares have been rising sharply after a cluster of bullish catalysts that suggest improving growth prospects and stronger investor sentiment.

Viasat partnered with Magnite to bring programmatic advertising to in-flight Wi-Fi, creating a new monetization opportunity for its connectivity platform. Viasat (VSAT) Partners With Magnite To Bring Programmatic Ads To In Flight Wi Fi
Investors are reacting to recent U.S. Space Force contract wins, which strengthen Viasat’s secure satellite communications business and support a more bullish outlook for defense-related revenue. Viasat stock jumps as Space Force wins fuel bullish analyst outlook
Oppenheimer initiated coverage with an Outperform rating and a $140 price target, signaling meaningful upside from recent trading levels and helping fuel the rally. Finviz coverage reference
Options activity surged, with traders buying far more call options than usual, a sign that some market participants are betting on continued upside in VSAT.
Analysts are debating Viasat’s long-term role in the satellite spectrum market, and commentary around the Rocket Lab-Iridium deal has added attention to the sector, though the direct impact on Viasat is less certain. VSAT stock clocks best day in over 10 months
Some recent commentary urged investors to sell VSAT, suggesting not all market participants are convinced the rally is sustainable. 3 reasons to sell VSAT and 1 stock to buy instead

Overall, Viasat (VSAT) appears to be moving higher on defense contract momentum, a new advertising partnership, bullish analyst coverage, and unusually strong options activity, all of which are reinforcing expectations for improved growth.

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Viasat (VSAT)

About Viasat

Today's Trend

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