ViaSat (VSAT) is Resumed by BofA/Merrill to Buy

ViaSat (VSAT) was Resumed by BofA/Merrill to “Buy”. BofA/Merrill advised their investors in a research report released on Nov 21, 2016.

Many Wall Street Analysts have commented on ViaSat. ViaSat was Downgraded by Macquarie to ” Underperform” on Nov 16, 2016. Company shares were Reiterated by Wunderlich on Nov 9, 2016 to “Sell”, Firm has raised the Price Target to $ 58 from a previous price target of $50 .

On the company’s financial health, ViaSat reported $0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $0.29. The company had revenue of $363.10 million for the quarter, 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.

ViaSat opened for trading at $73.9 and hit $73.9 on the upside on Monday, eventually ending the session at $72.97, with a gain of 4.63% or 3.23 points. The heightened volatility saw the trading volume jump to 46,10,300 shares. Company has a market cap of $3,611 M.

In a different news, on Nov 14, 2016, Ken Allen Peterman (Senior Vice President) sold 6,563 shares at $78.35 per share price. According to the SEC, on Sep 7, 2016, Mark D Dankberg (Chief Executive Officer) sold 26,250 shares at $75.61 per share price. On Sep 1, 2016, John P Stenbit (director) sold 800 shares at $75.12 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.

ViaSat

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