ViaSat is Upgraded by Raymond James to ” Outperform”

ViaSat (VSAT) was Upgraded by Raymond James to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Raymond James advised their Clients and Investors in a research report released on Feb 7, 2017.

On the company’s financial health, ViaSat reported $0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 9, 2017. Analyst had a consensus of $0.31. The company had revenue of $380.60 million for the quarter, compared to analysts expectations of $390.96 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Several company insiders have filed Insider transactions , on Dec 22, 2016, Keven K Lippert (Exec. VP and Secretary) sold 500 shares at $68.41 per share price. According to the SEC, on Nov 14, 2016, Ken Allen Peterman (Senior Vice President) sold 6,563 shares at $78.35 per share price. On Sep 7, 2016, Mark D Dankberg (Chief Executive Officer) sold 26,250 shares at $75.61 per share price, according to the Form-4 filing with the securities and exchange commission.

ViaSat closed down -1.8 points or -2.70% at $64.92 with 9,59,969 shares getting traded on Friday. Post opening the session at $63.36, the shares hit an intraday low of $63.36 and an intraday high of $65.8 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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