Viasat Inc. (VSAT, Financial) experienced a notable stock price increase, surging by 5.06% to reach $11.62 per share. The trading volume was 883,271 shares, resulting in a turnover rate of 0.69% and a price fluctuation of 6.60%.
Recent financial reports revealed that Viasat achieved a revenue of $1.126 billion, with a net loss of $32.91 million, translating to an earnings per share (EPS) of -$0.26. The company reported a gross profit of $349 million, while its price-to-earnings (P/E) ratio stood at -1.36.
Among analysts, 38% have rated the stock as a buy, whereas 62% suggest holding, with no sell recommendations. Within the communications sector, which saw an overall decline of 0.13%, Viasat's performance stood out positively.
In comparison to its peers, Siyata Mobile, Inc., Clearfield Communications, and Viasat recorded significant gains. Notably active stocks included Siyata Mobile, Inc., AST SpaceMobile, Inc., and Applied Optoelectronics, with respective turnover rates of 13.67%, 4.76%, and 4.67%. Stocks like Mobilicom Ltd., Comtech Telecommunications, and Siyata Mobile, Inc. exhibited high volatility, with fluctuations of 17.49%, 16.13%, and 15.03% respectively.
Viasat Inc. operates through three segments: Satellite Services providing high-speed broadband for consumers, enterprises, and airlines; Commercial Networks developing comprehensive communication systems; and Government Systems supplying secure, network-centric communication systems. The majority of its revenue is sourced from the U.S., but it also has operations internationally.
