ViaSat (VSAT) is Initiated by Jefferies to Hold

ViaSat (VSAT) was Initiated by Jefferies to “Hold”. Jefferies advised their investors in a research report released on Aug 1, 2016.

Many Wall Street Analysts have commented on ViaSat. Company shares were Reiterated by Wunderlich on May 25, 2016 to “Sell”, Firm has raised the Price Target to $ 50 from a previous price target of $48 .ViaSat was Downgraded by Drexel Hamilton to ” Sell” on May 23, 2016.

On the company’s financial health, ViaSat reported $0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on May 24, 2016. Analyst had a consensus of $0.37. The company had revenue of $372.00 million for the quarter, compared to analysts expectations of $369.65 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

ViaSat opened for trading at $73.42 and hit $74.01 on the upside on Friday, eventually ending the session at $73.83, with a gain of 0.57% or 0.42 points. The heightened volatility saw the trading volume jump to 1,86,416 shares. Company has a market cap of $3,614 M.

In a different news, on Jul 15, 2016, Richard A Baldridge (Chief Operating Officer) sold 2,512 shares at $75.02 per share price. According to the SEC, on Jul 15, 2016, Shawn Lynn Duffy (Chief Financial Officer) sold 1,875 shares at $75.00 per share price. On Jul 5, 2016, John P Stenbit (director) sold 700 shares at $71.35 per share price, according to the Form-4 filing with the securities and exchange commission.

ViaSat Inc. is a technology company engaged in broadband technologies and services including satellite and wireless networking applications and secure networking systems products and services. The Company conducts its business through three segments: satellite services commercial networks and government systems. The Company conducts its business through three segments: satellite services which provides retail and wholesale satellite-based broadband services for its consumer enterprise and mobile broadband customers in the United States; commercial networks which develops and produces satellite and other wireless communication systems and ground networking equipment and products that address five market segments: consumer enterprise in-flight maritime and ground mobile applications and government systems which develops and produces network-centric Internet Protocol (IP)-based fixed and mobile secure government communications systems products services and solutions.


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