ViaSat (VSAT) Posts Quarterly Results
ViaSat (NASDAQ:VSAT) released its earnings data on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.10, American Banking News.com reports. The company had revenue of $319.50 million for the quarter, compared to the consensus estimate of $349.88 million.
Shares of ViaSat (NASDAQ:VSAT) traded down 0.49% during mid-day trading on Tuesday, hitting $57.28. 591,557 shares of the company’s stock traded hands. ViaSat has a 1-year low of $53.03 and a 1-year high of $74.78. The stock’s 50-day moving average is $57.78 and its 200-day moving average is $61.68. The company’s market cap is $2.657 billion.
A number of research firms have recently commented on VSAT. Analysts at Zacks upgraded shares of ViaSat from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $58.40 price target on the stock. On a related note, analysts at Drexel Hamilton initiated coverage on shares of ViaSat in a research note on Thursday, May 29th. They set a “hold” rating on the stock. Finally, analysts at Oppenheimer cut their price target on shares of ViaSat from $72.00 to $66.00 in a research note on Wednesday, May 21st. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $62.28.
In other ViaSat news, Director John P. Stenbit sold 3,100 shares of the stock on the open market in a transaction dated Monday, August 4th. The stock was sold at an average price of $58.45, for a total value of $181,195.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
ViaSat, Inc is a provider of high-speed fixed and mobile broadband services, advanced satellite and other wireless networks and secure networking systems, products and services.
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