Revenue Update on ViaSat(NASDAQ:VSAT)

ViaSat(NASDAQ:VSAT) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $363.13M. Analysts estimated a revenue of $371.89M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.26.

In a different note, Jefferies said it Initiates Coverage on ViaSat, according to a research note issued on Aug 1, 2016. The shares have been rated ‘Hold’ by the firm. On May 23, 2016, Drexel Hamilton said it Downgrades its rating on ViaSat. The shares have been rated ‘Sell’ by the firm.

ViaSat (VSAT) shares turned negative on Wednesdays trading session with the shares closing down -0.81 points or -1.07% at a volume of 1,15,041. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $75.8. The peak price level was also seen at $75.8 while the days lowest was $74.56. Finally the shares closed at $74.72. The 52-week high of the shares is $79.15 while the 52-week low is $56.02. According to the latest information available, the market cap of the company is $3,683 M.

Several Insider Transactions has been reported to the SEC. On Aug 2, 2016, John P Stenbit (director) sold 700 shares at $73.64 per share price.Also, On Jul 15, 2016, Richard A Baldridge (Chief Operating Officer) sold 2,512 shares at $75.02 per share price.On Jul 15, 2016, Shawn Lynn Duffy (Chief Financial Officer) sold 1,875 shares at $75.00 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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