News coverage about ViaSat (NASDAQ:VSAT) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. 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 0.14 on Accern’s scale. Accern also assigned media stories about the communications equipment provider an impact score of 45.674495450173 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern’s rankings:
Several equities analysts have commented on the stock. B. Riley restated a “buy” rating and issued a $89.00 price objective on shares of ViaSat in a research note on Thursday, November 9th. Needham & Company LLC upgraded shares of ViaSat from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Friday, November 10th. Zacks Investment Research downgraded shares of ViaSat from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $46.00 target price (down from $48.00) on shares of ViaSat in a report on Tuesday, November 21st. Finally, BidaskClub cut shares of ViaSat from a “buy” rating to a “hold” rating in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $73.75.
Shares of ViaSat (VSAT) traded down $1.21 during trading on Thursday, reaching $74.30. 284,600 shares of the company’s stock were exchanged, compared to its average volume of 285,271. The stock has a market capitalization of $4,330.00, a PE ratio of -371.50 and a beta of 0.78. ViaSat has a 12 month low of $57.75 and a 12 month high of $75.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.71 and a current ratio of 2.26.
ViaSat (NASDAQ:VSAT) last released its quarterly earnings results on Wednesday, November 8th. The communications equipment provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. The business had revenue of $393.10 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 earnings per share. research analysts predict that ViaSat will post -0.98 earnings per share for the current fiscal year.
In other news, Director John P. Stenbit sold 800 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $74.86, for a total value of $59,888.00. Following the transaction, the director now owns 10,400 shares of the company’s stock, valued at approximately $778,544. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey M. Nash sold 2,000 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $64.94, for a total transaction of $129,880.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,400 shares of company stock worth $1,616,597. 7.70% of the stock is owned by company insiders.
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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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