ViaSat (VSAT) Getting Somewhat Favorable Media Coverage, Report Shows
News headlines about ViaSat (NASDAQ:VSAT) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news 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 daily sentiment score of 0.04 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 44.8100511404239 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Technology Stock in Buy Zone: ViaSat, Inc. (VSAT) – Street Observer (press release) (streetobserver.com)
- Insider Selling: ViaSat, Inc. (VSAT) CEO Sells 28,500 Shares of Stock (americanbankingnews.com)
- ViaSat, Inc. (VSAT) Expected to Announce Earnings of -$0.09 Per Share (americanbankingnews.com)
- ViaSat (VSAT) Shares Cross Above 200 DMA (nasdaq.com)
- ViaSat, Boeing Begin Full Construction of ViaSat 3 Satellites (worldteleport.org)
Shares of ViaSat (VSAT) opened at 67.22 on Wednesday. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 291.00 and a beta of 0.71. ViaSat has a one year low of $57.75 and a one year high of $82.19. The stock’s 50 day moving average price is $61.99 and its 200 day moving average price is $64.46.
ViaSat (NASDAQ:VSAT) last posted its quarterly earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). ViaSat had a return on equity of 1.21% and a net margin of 0.82%. The firm had revenue of $380.00 million for the quarter, compared to analyst estimates of $384.29 million. During the same quarter last year, the firm earned $0.23 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Analysts forecast that ViaSat will post $0.05 earnings per share for the current year.
Several analysts recently weighed in on the company. B. Riley set a $89.00 price objective on ViaSat and gave the company a “buy” rating in a report on Wednesday, June 14th. BidaskClub cut shares of ViaSat from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 21st. Barclays PLC reissued an “equal weight” rating and set a $80.00 target price (down previously from $82.00) on shares of ViaSat in a research report on Monday, July 10th. Royal Bank Of Canada set a $50.00 price target on shares of ViaSat and gave the company a “sell” rating in a report on Tuesday, August 15th. Finally, Zacks Investment Research lowered shares of ViaSat from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $73.90.
In related news, insider Kevin J. Harkenrider sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $66.07, for a total transaction of $1,321,400.00. Following the completion of the sale, the insider now owns 24,004 shares in the company, valued at $1,585,944.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Richard A. Baldridge sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $59.92, for a total value of $2,097,200.00. Following the sale, the chief operating officer now owns 59,000 shares of the company’s stock, valued at approximately $3,535,280. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,350 shares of company stock worth $11,128,257. 7.70% of the stock is owned by insiders.
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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