By | May 25, 2018

Shares of Viasat Inc. (NASDAQ:VSAT) have been recently spotted trading -23.03% off of the 52-week high price. On the other end, company shares have been noted 6.98% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 57.75 – 80.26. Switching over to some distances from popular moving averages, we see that the stock has been recorded -5.63% away from the 50 day moving average and -9.06% away from the 200 day moving average. Moving closer, we can see that shares have been trading -2.65% off of the 20-day moving average. 4300 employees work in the Company. It has market cap of $3.68B.

The USA based company Viasat, Inc. closed with change of -1.64% to $61.78 with the total traded volume of 676297 shares versus to an average volume of 397.60K. The stock was down in the 5 days activity -1.75%. The one month performance of stock was -3.41%. VSAT shares are at -13.39% for the quarter and driving a -6.04% return over the course of the past year and is now at -17.46% since this point in 2018.  Right now VSAT beta is 0.75. The average volatility for the week and month was at 1.91% 1.83% respectively. There are 59.62M shares outstanding and 55.30M shares are floated in market.

Viasat Inc. (NASDAQ:VSAT), a global communications company, today reported financial results for the fiscal fourth quarter and fiscal year ended March 31, 2018.

Mark Dankberg, Viasat chairman and CEO said “Viasat ended its fiscal year 2018 positioned to drive strong, sustained growth in fiscal year 2019 and beyond”.  “Each business segment executed its mission this year. Government Systems leveraged astute investments in prior years to again deliver record revenue, operating profit  and Adjusted EBITDA—up 13%, 42% and 27%, respectively, compared to fiscal year 2017. Commercial Networks delivered the technology that will drive growth—ramping IFC deliveries to American Airlines and several other new customers; lighting up our state-of-the-art ViaSat-2 ground network; completing critical pre-flight testing milestones for ViaSat-3; and setting the stage to scale rapidly with 29% year-over-year gains in both fourth quarter revenue and new contract awards. The Satellite Services segment managed through launch and in-service delays for the ViaSat-2 spacecraft by introducing innovative new premium high-speed data plans on ViaSat-1 that lifted ARPU to record levels. We also invested to prepare for growth in residential broadband and IFC services, as well as new vertical and geographic markets. Now all three segments share a common mission in fiscal year 2019—to leverage these strategic positions to deliver solid performance and growth in revenue and Adjusted EBITDA while paving the way for ViaSat-3. We’re looking forward to an exciting year.”

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Irwin Rhodes

About Irwin Rhodes

Irwin Rhodes as a blogger and press writer, has worked on topics like earnings reports, hot stocks and market news. He is an experienced professional with 10+ years in research, analysis and reporting. He enjoys taking complex ideas and translating them into content aimed at the general public. Irwin has personal interests in health, fitness, animal care, gardening, travel, world politics, and current social issues, but always willing to learn something new. Irwin has a Masters in Applied Finance and Investment. He specializes in income trading using options, is very conservative in his style and believes patience in waiting for the best setups is the key to successful trading. He covers articles for Technology category. Email Contact: Irwin@newsregistrar.com

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