Stock of the Day

July 24, 2020

Viasat (VSAT)

$67.27
-$0.10 (-0.1%)
Market Cap: $9.28B

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 moved higher as investors weigh a solid fiscal first-quarter earnings beat and an improved outlook against weaker revenue and execution risks.

  • Viasat reported fiscal Q1 2027 adjusted earnings of $0.17 per share, above the approximately $0.10 consensus estimate. Lower interest expense helped improve profitability and supported the earnings beat. Viasat Q1 Earnings Surpass Estimates
  • Management expects roughly $180 million in fiscal 2027 free cash flow while maintaining its $950 million-$1 billion capital-expenditure plan. Record Direct-to-Air awards and growth in government, aviation and maritime connectivity also reinforce the long-term outlook. Viasat Free Cash Flow Outlook
  • Two ViaSat-3 satellites are nearing service, potentially adding capacity for commercial and government customers. Needham raised its price target from $90 to $105 and maintained a Buy rating, providing additional support for the stock’s valuation. Needham Raises Viasat Price Target
  • Viasat’s recent rally has increased investor focus on whether ViaSat-3 commercialization, new contracts and improved cash generation can justify the higher valuation. Competitive pressure and execution remain important risks. Viasat Rally and Outlook
  • Quarterly revenue of approximately $1.16 billion missed the $1.20 billion analyst estimate and declined year over year. The revenue shortfall raises concerns about near-term demand despite the adjusted earnings beat.
  • Several insiders sold shares: Director Theresa Wise sold 2,500 shares, Director John Stenbit sold 616 shares, and SVP Benjamin Palmer sold 2,400 shares. These transactions are a modest negative signal, although insider selling can reflect personal liquidity needs rather than a change in company fundamentals. Viasat Insider Selling
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