ViaSat (VSAT) Earns News Sentiment Score of 0.13
News coverage about ViaSat (NASDAQ:VSAT) has trended somewhat positive recently, according to Accern. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. ViaSat earned a news impact score of 0.13 on Accern’s scale. Accern also gave news coverage about the communications equipment provider an impact score of 45.0536904816721 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- ViaSat (VSAT) Up 11.3% Since Earnings Report: Can It Continue? – Nasdaq (nasdaq.com)
- BidaskClub Downgrades ViaSat (VSAT) to Sell (americanbankingnews.com)
- ViaSat-2 Satellite Reaches Geostationary Orbit (asdnews.com)
- Viasat-2 Orbit Deployments Completed and New Company Logo and Branding Underway (satnews.com)
Shares of ViaSat (NASDAQ VSAT) traded down $0.80 during trading hours on Monday, reaching $71.03. 220,476 shares of the company were exchanged, compared to its average volume of 441,488. The company has a market capitalization of $4,183.18, a PE ratio of 1,436.60 and a beta of 0.78. ViaSat has a fifty-two week low of $57.75 and a fifty-two week high of $74.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.71.
ViaSat (NASDAQ:VSAT) last posted its earnings results on Wednesday, November 8th. The communications equipment provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The firm had revenue of $393.10 million for the quarter, compared to analysts’ expectations of $401.83 million. ViaSat had a negative net margin of 0.75% and a positive return on equity of 0.13%. The company’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. sell-side analysts predict that ViaSat will post -0.98 EPS for the current fiscal year.
A number of brokerages recently issued reports on VSAT. B. Riley reissued a “buy” rating and issued a $89.00 price objective on shares of ViaSat in a research note on Sunday, August 13th. Royal Bank of Canada set a $50.00 price objective on shares of ViaSat and gave the company a “sell” rating in a research note on Tuesday, August 15th. Jefferies Group set a $67.00 price objective on shares of ViaSat and gave the company a “hold” rating in a research note on Sunday, September 10th. Zacks Investment Research raised shares of ViaSat from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Needham & Company LLC raised shares of ViaSat from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $73.36.
In other ViaSat news, CEO Mark D. Dankberg sold 28,500 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $62.00, for a total transaction of $1,767,000.00. Following the sale, the chief executive officer now owns 28,500 shares of the company’s stock, valued at $1,767,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John P. Stenbit sold 700 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $74.10, for a total transaction of $51,870.00. Following the sale, the director now directly owns 10,300 shares in the company, valued at approximately $763,230. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 109,800 shares of company stock worth $7,197,623. Insiders own 7.70% of the company’s stock.
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ViaSat Company Profile
ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.
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