ViaSat (VSAT) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $0.23 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06. Analysts had a consensus of $0.29. The company posted revenue of $363.10 million in the period, compared to analysts expectations of $371.89 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.
Many Wall Street Analysts have commented on ViaSat. ViaSat was Initiated by Jefferies to “Hold” on Aug 1, 2016. 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.
ViaSat opened for trading at $73.49 and hit $75.02 on the upside on Monday, eventually ending the session at $75.02, with a gain of 2.08% or 1.53 points. The heightened volatility saw the trading volume jump to 1,84,815 shares. Company has a market cap of $3,672 M.
In a different news, on Aug 2, 2016, John P Stenbit (director) sold 700 shares at $73.64 per share price. According to the SEC, on Jul 15, 2016, Richard A Baldridge (Chief Operating Officer) sold 2,512 shares at $75.02 per share price. On Jul 15, 2016, Shawn Lynn Duffy (Chief Financial Officer) sold 1,875 shares at $75.00 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.