ViaSat (VSAT) was Downgraded by Drexel Hamilton to ” Sell”. Earlier the firm had a rating of “Hold ” on the company shares. Drexel Hamilton advised their investors in a research report released on May 23, 2016.
On the company’s financial health, ViaSat reported $0.40 EPS for the quarter, based on the information available during the earnings call on Feb 9, 2016. Analyst had a consensus estimate of $0.40. The company had revenue of $347.80 million for the quarter, compared to analysts expectations of $365.11 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
ViaSat opened for trading at $73.16 and hit $74.25 on the upside on Friday, eventually ending the session at $74, with a gain of 1.79% or 1.3 points. The heightened volatility saw the trading volume jump to 2,12,326 shares. Company has a market cap of $3,616,454 M.
In a different news, on May 4, 2016, John P Stenbit (director) sold 700 shares at $76.73 per share price. According to the SEC, on Mar 21, 2016, Keven K Lippert (Exec. VP and Secretary) sold 1,343 shares at $73.87 per share price. On Dec 7, 2015, Ken Allen Peterman (Senior Vice President) sold 504 shares at $61.54 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.