ViaSat (VSAT) Receives Media Sentiment Rating of 0.02
News stories about ViaSat (NASDAQ:VSAT) have been trending somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ViaSat earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned media stories about the communications equipment provider an impact score of 47.5704332515164 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Insiders Selling, Short Interest Growing ViaSat, Inc. (NASDAQ:VSAT) – Modern Readers (modernreaders.com)
- ViaSat, Inc. (VSAT) COO Richard A. Baldridge Sells 35,000 Shares (americanbankingnews.com)
- ViaSat, Data Link get $123.4M contract raise from Navy (seekingalpha.com)
- Why ViaSat, Inc. (NASDAQ:VSAT) Is Sending Neutral Signals? – StockNewsGazette (stocknewsgazette.com)
- ViaSat, Inc. (VSAT) Position Decreased by Alliancebernstein LP – Modern Readers (modernreaders.com)
ViaSat (VSAT) opened at 60.54 on Friday. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 262.08 and a beta of 0.68. The firm’s 50-day moving average price is $65.28 and its 200-day moving average price is $65.58. ViaSat has a 12 month low of $57.75 and a 12 month high of $82.19.
ViaSat (NASDAQ:VSAT) last issued its earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $380 million during the quarter, compared to analyst estimates of $384.29 million. During the same period in the previous year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts predict that ViaSat will post $0.05 earnings per share for the current year.
A number of research firms recently issued reports on VSAT. B. Riley restated a “buy” rating and set a $89.00 price objective on shares of ViaSat in a research report on Tuesday, May 30th. Royal Bank Of Canada set a $48.00 price objective on ViaSat and gave the company a “sell” rating in a research report on Saturday, May 6th. Zacks Investment Research lowered ViaSat from a “hold” rating to a “sell” rating in a research report on Friday. J P Morgan Chase & Co restated a “neutral” rating and set a $74.00 price objective on shares of ViaSat in a research report on Wednesday, May 31st. Finally, Cowen and Company upgraded ViaSat from a “market perform” rating to an “outperform” rating in a research report on Saturday, June 3rd. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $76.45.
In related news, insider Kevin J. Harkenrider sold 20,000 shares of the firm’s stock in a transaction 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 directly owns 24,004 shares of the company’s stock, valued at approximately $1,585,944.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Richard A. Baldridge sold 35,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were 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 directly owns 59,000 shares of the company’s stock, valued at $3,535,280. The disclosure for this sale can be found here. Insiders have sold a total of 61,400 shares of company stock valued at $3,869,086 over the last ninety days. Insiders own 7.70% of the company’s stock.
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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