Media stories about ViaSat (NASDAQ:VSAT) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. ViaSat earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the communications equipment provider an impact score of 45.2702782912631 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
VSAT has been the topic of a number of research analyst reports. Needham & Company LLC upgraded ViaSat from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Friday, November 10th. Zacks Investment Research upgraded ViaSat from a “hold” rating to a “strong-buy” rating and set a $75.00 price target on the stock in a report on Monday, November 13th. Royal Bank Of Canada reiterated an “underperform” rating and set a $46.00 price target (down previously from $48.00) on shares of ViaSat in a report on Tuesday, November 21st. Jefferies Group set a $67.00 price target on ViaSat and gave the company a “hold” rating in a report on Sunday, September 10th. Finally, B. Riley reiterated a “buy” rating and set a $89.00 price target on shares of ViaSat in a report on Thursday, November 9th. Two 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’s stock. The company has an average rating of “Hold” and an average price target of $73.36.
ViaSat (NASDAQ:VSAT) traded down $0.14 on Thursday, reaching $71.35. The company had a trading volume of 306,479 shares, compared to its average volume of 443,347. The firm has a market capitalization of $4,227.44, a PE ratio of 1,451.80 and a beta of 0.78. ViaSat has a 52-week low of $57.75 and a 52-week high of $74.99. The company has a current ratio of 2.26, a quick ratio of 1.71 and a debt-to-equity ratio of 0.37.
ViaSat (NASDAQ:VSAT) last released its quarterly earnings data on Wednesday, November 8th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. The firm had revenue of $393.10 million during the quarter, compared to analysts’ expectations of $401.83 million. ViaSat had a positive return on equity of 0.13% and a negative net margin of 0.75%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. research analysts forecast that ViaSat will post -0.98 earnings per share for the current year.
In related news, CEO Mark D. Dankberg sold 28,500 shares of ViaSat stock in a transaction on Friday, September 15th. The stock was sold at an average price of $62.00, for a total transaction of $1,767,000.00. Following the completion of 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 available through the SEC website. Also, Director John P. Stenbit sold 700 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $74.10, for a total value of $51,870.00. Following the completion of the sale, the director now directly owns 10,300 shares of the company’s stock, valued at approximately $763,230. The disclosure for this sale can be found here. In the last three months, insiders have sold 138,300 shares of company stock valued at $8,911,043. Insiders own 7.70% of the company’s stock.
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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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