Viasat (NASDAQ:VSAT) Issues Earnings Results

Viasat (NASDAQ:VSAT - Get Free Report) announced its quarterly earnings data on Thursday. The communications equipment provider reported ($1.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.70), Zacks reports. Viasat had a negative net margin of 9.49% and a negative return on equity of 8.28%.

Viasat Price Performance

VSAT stock traded down $0.21 on Monday, reaching $11.17. 5,469,435 shares of the company's stock were exchanged, compared to its average volume of 4,345,097. The stock has a fifty day moving average of $9.36 and a 200-day moving average of $11.83. Viasat has a twelve month low of $6.69 and a twelve month high of $26.70. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. The firm has a market cap of $1.43 billion, a PE ratio of -3.32 and a beta of 1.35.

Insider Transactions at Viasat

In other news, EVP Mark J. Miller sold 3,564 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.21, for a total value of $32,824.44. Following the sale, the executive vice president now directly owns 350,351 shares in the company, valued at $3,226,732.71. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.20% of the company's stock.

Analysts Set New Price Targets

VSAT has been the topic of a number of analyst reports. William Blair reiterated a "market perform" rating on shares of Viasat in a report on Friday. Cantor Fitzgerald initiated coverage on Viasat in a report on Friday, January 24th. They issued a "neutral" rating and a $12.00 price objective for the company. Barclays dropped their price objective on Viasat from $24.00 to $9.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 20th. Needham & Company LLC reiterated a "buy" rating and set a $19.00 price target on shares of Viasat in a research report on Monday. Finally, Morgan Stanley reduced their price target on Viasat from $26.00 to $12.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $15.43.

Viasat Company Profile

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.