News stories about ViaSat (NASDAQ:VSAT) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing 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 media sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 45.007157281155 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- ViaSat: Strike While The Iron Is… Still Room Temperature? – Seeking Alpha (seekingalpha.com)
- Stocks With Rising Relative Strength: Viasat (finance.yahoo.com)
- Tyrus Capital Sam Lifted Stake in Nxp Semiconductors NV (NXPI) by $23.22 Million as Stock Rose; Mountain Lake … – Hill Country Times (hillcountrytimes.com)
- Viasat (VSAT) Shareholder Financial Engines Advisors Raised Its Holding; As Daily Journal (DJCO) Stock Declined … – Hill Country Times (hillcountrytimes.com)
Several research firms recently issued reports on VSAT. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $46.00 price objective (down previously from $48.00) on shares of ViaSat in a research note on Tuesday, November 21st. BidaskClub raised shares of ViaSat from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Morgan Stanley began coverage on shares of ViaSat in a research note on Friday, December 15th. They issued an “equal weight” rating and a $78.00 price objective for the company. Zacks Investment Research lowered shares of ViaSat from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Needham & Company LLC raised shares of ViaSat from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $73.75.
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, beating the Zacks’ consensus estimate of $0.02 by $0.07. The business had revenue of $393.10 million for the quarter, compared to analysts’ expectations of $401.83 million. ViaSat had a negative net margin of 3.53% and a negative return on equity of 2.99%. The firm’s revenue for the quarter 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. equities analysts predict that ViaSat will post -0.98 EPS for the current year.
In other ViaSat news, Director John P. Stenbit sold 700 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $74.10, for a total value of $51,870.00. Following the transaction, the director now directly owns 10,300 shares in the company, valued at $763,230. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Keven K. Lippert sold 1,200 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $69.20, for a total transaction of $83,040.00. Following the completion of the transaction, the insider now owns 2,949 shares in the company, valued at $204,070.80. The disclosure for this sale can be found here. In the last three months, insiders sold 79,300 shares of company stock worth $5,306,803. 7.70% of the stock is currently owned by insiders.
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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