Carlsbads Viasat to supply speedy in-flight Internet to US government VIP aircraft

Media headlines about ViaSat (NASDAQ:VSAT) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ViaSat earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the communications equipment provider an impact score of 46.8634589871093 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

A number of equities analysts have issued reports on the company. BidaskClub downgraded ViaSat from a “buy” rating to a “hold” rating in a report on Friday, August 31st. TheStreet upgraded ViaSat from a “d+” rating to a “c-” rating in a report on Thursday, July 19th. Barclays set a $50.00 price objective on ViaSat and gave the stock a “sell” rating in a report on Monday, August 13th. Wells Fargo & Co decreased their price objective on ViaSat to $84.00 and set an “outperform” rating for the company in a report on Friday, May 25th. Finally, ValuEngine upgraded ViaSat from a “hold” rating to a “buy” rating in a report on Friday, July 6th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. ViaSat has an average rating of “Hold” and an average price target of $70.33.

Market capitalization is the total dollar market value of a company’s shares.  It is calculated by multiplying a company’s shares outstanding by the current market price of one share.  Investors use this figure to figure out a company’s size, as opposed to just using total asset or sales figures.  Market capitalization is important because company size is a basic indicator of multiple characteristics in which investors are interested in, including risk.  It is easy to calculate.  For example, a company with 40 million shares selling at $100 a share would have a market cap of $4 billion.  Companies are ranked according to their market caps, ranking them as large-cap, mid-cap and small-cap.  Large-cap companies usually have a market capitalization of $10 billion and up.  These large-cap companies have typically been around for a long period of time, and they are usually major players in well-established industries.  Mid-cap companies have a market capitalization of $2 billion – $10 billion.  Mid-cap companies operate in industries expected to experience rapid growth.  Companies that have a market capitalization $300 million – $2 billion are classified as small-cap companies.  These companies are usually young in age and they could serve new industries as well as niche markets.  Viasat Inc. (NASDAQ:VSAT)’s market cap is $3668.23.

Shares of NASDAQ:VSAT opened at $61.94 on Friday. ViaSat has a 1-year low of $59.16 and a 1-year high of $80.26. The company has a quick ratio of 0.88, a current ratio of 1.37 and a debt-to-equity ratio of 0.57. The firm has a market cap of $3.67 billion, a PE ratio of -72.02 and a beta of 0.81.

ViaSat (NASDAQ:VSAT) last issued its quarterly earnings results on Thursday, August 9th. The communications equipment provider reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.07). ViaSat had a negative net margin of 5.58% and a negative return on equity of 3.97%. The company had revenue of $438.90 million for the quarter, compared to the consensus estimate of $429.75 million. During the same quarter in the previous year, the business earned $0.04 earnings per share. ViaSat’s revenue was up 15.5% compared to the same quarter last year. sell-side analysts predict that ViaSat will post -1.66 EPS for the current fiscal year.

In other news, Director John P. Stenbit sold 700 shares of the firm’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $65.21, for a total transaction of $45,647.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Keven K. Lippert sold 4,000 shares of the firm’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $62.31, for a total value of $249,240.00. Following the transaction, the executive vice president now owns 1,693 shares of the company’s stock, valued at $105,490.83. The disclosure for this sale can be found here. Insiders have sold 44,077 shares of company stock valued at $2,931,850 over the last 90 days. Corporate insiders own 8.10% of the company’s stock.

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband Internet access and voice over Internet protocol services to consumers and businesses; in-flight Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.

Zacks calculates consensus estimates for the current quarter, the following quarter, the current fiscal year, the following fiscal year, and also a long-term growth rate.  A company can “Meet” the same earnings as forecast, “Beat” the earnings than forecast, or “Miss” (fall below) the earnings than forecast.  Missing a forecast, of course, is the worst outcome, as it indicates that the company is not performing as well as investors thought. A “Miss” often causes the share price to fall.

Baird Financial Group Inc. trimmed its stake in shares of ViaSat, Inc. (NASDAQ:VSAT) by 26.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,642 shares of the communications equipment provider’s stock after selling 57,020 shares during the quarter. Baird Financial Group Inc. owned about 0.26% of ViaSat worth $10,163,000 at the end of the most recent reporting period.

Average Volume is the amount of securities traded in a day on average over a specific time period.  Trading activity relates to the liquidity of a security.  When average volume is high, the stock has high liquidity and can be therefore easily traded, while conversely, when the trading volume is low, the commodity will be less expensive as traders are not as willing to purchase it.  Average volume has an effect on the price of the security.  Viasat Inc. (NASDAQ:VSAT) has experienced an average volume of 558764.56.

Other hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in ViaSat by 1.0% during the second quarter. Rhumbline Advisers now owns 104,858 shares of the communications equipment provider’s stock worth $6,891,000 after purchasing an additional 1,089 shares during the period. Partners Capital Investment Group LLP boosted its position in ViaSat by 7.7% during the second quarter. Partners Capital Investment Group LLP now owns 437,707 shares of the communications equipment provider’s stock worth $28,766,000 after purchasing an additional 31,123 shares during the period. Principal Financial Group Inc. boosted its position in ViaSat by 3.7% during the first quarter. Principal Financial Group Inc. now owns 237,560 shares of the communications equipment provider’s stock worth $15,613,000 after purchasing an additional 8,576 shares during the period. Summit Trail Advisors LLC bought a new position in ViaSat during the second quarter worth $133,000. Finally, Engineers Gate Manager LP bought a new stake in shares of ViaSat in the first quarter valued at about $1,191,000.

google_ad_client = AdClientID; google_ad_slot = “9102296732”; google_ad_width = 336; google_ad_height = 280; google_ad_channel=”7290817992,2716359938″+PopupAdChannel; A number of analysts have commented on VSAT shares. BidaskClub upgraded shares of ViaSat from a “hold” rating to a “buy” rating in a research note on Tuesday, July 10th. ValuEngine upgraded shares of ViaSat from a “hold” rating to a “buy” rating in a research note on Friday, July 6th. William Blair reiterated a “buy” rating on shares of ViaSat in a research note on Saturday, June 2nd. Needham & Company LLC cut their price target on shares of ViaSat from $74.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, August 13th. Finally, TheStreet upgraded shares of ViaSat from a “d+” rating to a “c-” rating in a research note on Thursday, July 19th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $70.33.

A number of equities research analysts have recently issued reports on VSAT shares. BidaskClub cut shares of ViaSat from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 12th. Zacks Investment Research cut shares of ViaSat from a “hold” rating to a “sell” rating in a research report on Tuesday, August 21st. Wells Fargo & Co reduced their target price on shares of ViaSat to $84.00 and set an “outperform” rating for the company in a research report on Friday, May 25th. Needham & Company LLC reduced their target price on shares of ViaSat from $74.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, August 13th. Finally, William Blair reissued a “buy” rating on shares of ViaSat in a research report on Saturday, June 2nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. ViaSat has an average rating of “Hold” and an average target price of $70.33.

Hedge funds have recently added to or reduced their stakes in the business. Summit Trail Advisors LLC bought a new stake in shares of ViaSat during the 2nd quarter valued at approximately $133,000. Verition Fund Management LLC bought a new stake in shares of ViaSat during the 1st quarter valued at approximately $200,000. Sciencast Management LP bought a new stake in shares of ViaSat during the 1st quarter valued at approximately $219,000. LPL Financial LLC bought a new stake in shares of ViaSat during the 1st quarter valued at approximately $235,000. Finally, Royal Bank of Canada grew its holdings in shares of ViaSat by 109.7% during the 1st quarter. Royal Bank of Canada now owns 3,858 shares of the communications equipment provider’s stock valued at $252,000 after purchasing an additional 2,018 shares during the last quarter.

In related news, Director John P. Stenbit sold 700 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $70.22, for a total value of $49,154.00. Following the completion of the transaction, the director now owns 700 shares of the company’s stock, valued at $49,154. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John P. Stenbit sold 800 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $62.67, for a total value of $50,136.00. Following the completion of the transaction, the director now directly owns 800 shares of the company’s stock, valued at approximately $50,136. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,077 shares of company stock valued at $2,931,850. 8.10% of the stock is owned by insiders.

Shares of ViaSat stock opened at $61.94 on Friday. The stock has a market capitalization of $3.67 billion, a PE ratio of -72.02 and a beta of 0.81. ViaSat, Inc. has a 52-week low of $59.16 and a 52-week high of $80.26. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.37 and a quick ratio of 0.88.

ViaSat (NASDAQ:VSAT) last posted its quarterly earnings results on Thursday, August 9th. The communications equipment provider reported ($0.57) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.50) by ($0.07). The company had revenue of $438.90 million during the quarter, compared to analyst estimates of $429.75 million. ViaSat had a negative net margin of 5.58% and a negative return on equity of 3.97%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the firm earned $0.04 EPS. analysts anticipate that ViaSat, Inc. will post -1.66 earnings per share for the current year.

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband Internet access and voice over Internet protocol services to consumers and businesses; in-flight Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.

ViaSat stock traded up $0.34 during midday trading on Friday, hitting $61.94. The company’s stock had a trading volume of 261,414 shares, compared to its average volume of 558,765. The company has a quick ratio of 0.88, a current ratio of 1.37 and a debt-to-equity ratio of 0.57. ViaSat, Inc. has a 1-year low of $59.16 and a 1-year high of $80.26. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of -72.02 and a beta of 0.81.

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