ViaSat (VSAT) Receiving Somewhat Positive Press Coverage, Analysis Finds
Media coverage about ViaSat (NASDAQ:VSAT) has trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ViaSat earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the communications equipment provider an impact score of 45.5579605253233 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s scoring:
- Analysts Anticipate ViaSat, Inc. (VSAT) Will Post Quarterly Sales of $404.81 Million (americanbankingnews.com)
- ViaSat Named Global Operator of the Year at the World Satellite Business Week 2017 Conference (finance.yahoo.com)
- ViaSat, Inc. (VSAT) Expected to Announce Earnings of $0.08 Per Share (americanbankingnews.com)
- ViaSat, Inc.: A Viable Short-Sale Candidate? – Seeking Alpha (seekingalpha.com)
- ViaSat, Inc. (VSAT) CEO Mark D. Dankberg Sells 28,500 Shares (americanbankingnews.com)
ViaSat (NASDAQ VSAT) opened at 62.46 on Friday. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 270.39 and a beta of 0.69. ViaSat has a 12 month low of $57.75 and a 12 month high of $82.19. The firm has a 50 day moving average price of $62.24 and a 200-day moving average price of $64.73.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). The company had revenue of $380.00 million for the quarter, compared to analyst estimates of $384.29 million. ViaSat had a net margin of 0.82% and a return on equity of 1.21%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 EPS. On average, equities analysts forecast that ViaSat will post $0.05 EPS for the current year.
A number of analysts have recently issued reports on VSAT shares. B. Riley set a $89.00 target price on ViaSat and gave the stock a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research cut ViaSat from a “hold” rating to a “sell” rating in a report on Friday, May 26th. Cowen and Company upgraded ViaSat from a “market perform” rating to an “outperform” rating in a report on Saturday, June 3rd. TheStreet raised ViaSat from a “c” rating to a “b-” rating in a research report on Tuesday, May 23rd. Finally, Barclays PLC reissued an “equal weight” rating and set a $80.00 price target (down from $82.00) on shares of ViaSat in a research report on Monday, July 10th. 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’s stock. The company has a consensus rating of “Hold” and a consensus price target of $74.82.
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In other ViaSat news, CEO Mark D. Dankberg sold 28,500 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $60.12, for a total value of $1,713,420.00. Following the sale, the chief executive officer now owns 28,500 shares of the company’s stock, valued at approximately $1,713,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John P. Stenbit sold 700 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $63.70, for a total value of $44,590.00. Following the completion of the sale, the director now directly owns 8,700 shares in the company, valued at approximately $554,190. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,850 shares of company stock worth $5,532,689. 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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