Jefferies Initiates Coverage on ViaSat to Hold

Jefferies Initiates Coverage on ViaSat(NASDAQ:VSAT). The shares have been rated Hold. The rating by Jefferies was issued on Aug 1, 2016.

In a different note, On May 23, 2016, Drexel Hamilton said it Downgrades its rating on ViaSat. The shares have been rated ‘Sell’ by the firm.

ViaSat (VSAT) made into the market gainers list on Mondays trading session with the shares advancing 2.08% or 1.53 points. Due to strong positive momentum, the stock ended at $75.02, which is also near the day’s high of $75.02. The stock began the session at $73.49 and the volume stood at 1,84,815 shares. The 52-week high of the shares is $79.15 and the 52 week low is $56.02. The company has a current market capitalization of $3,672 M and it has 4,89,44,963 shares in outstanding.

ViaSat(VSAT) last announced its earnings results on May 24, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $371.96M. Analysts had an estimated revenue of $370.17M. Earnings per share were $0.29. Analysts had estimated an EPS of $0.37.

Several Insider Transactions has been reported to the SEC. On Jul 15, 2016, Richard A Baldridge (Chief Operating Officer) sold 2,512 shares at $75.02 per share price.Also, On Jul 15, 2016, Shawn Lynn Duffy (Chief Financial Officer) sold 1,875 shares at $75.00 per share price.On Jul 5, 2016, John P Stenbit (director) sold 700 shares at $71.35 per share price, according to the Form-4 filing with the securities and exchange commission.

ViaSat Inc. is a technology company engaged in broadband technologies and services including satellite and wireless networking applications and secure networking systems products and services. The Company conducts its business through three segments: satellite services commercial networks and government systems. The Company conducts its business through three segments: satellite services which provides retail and wholesale satellite-based broadband services for its consumer enterprise and mobile broadband customers in the United States; commercial networks which develops and produces satellite and other wireless communication systems and ground networking equipment and products that address five market segments: consumer enterprise in-flight maritime and ground mobile applications and government systems which develops and produces network-centric Internet Protocol (IP)-based fixed and mobile secure government communications systems products services and solutions.

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