ViaSat, Inc. (VSAT) 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.
Reported after close today (5/24/16) Earnings: EPS $0.29 Revenue $372M Estimates: EPS $0.36 Revenue $362.6M No change after hours
American Airlines Finds a New WiFi Provider Shares of inflight connectivity provider Gogo(NASDAQ: GOGO) were down meaningfully Friday after a competitor disclosed that it won an important contract with American Airlines Group(NASDAQ: AAL). That competitor, ViaSat(NASDAQ: VSAT) has been awarded the job of outfitting the carrier's 737 MAX fleet with WiFi service. Read full article here: http://www.msn.com/en-us/money/companies/american-airlines-finds-a-new-wifi-provider/ar-BBtQe7S
Analyst Upgrade/Downgrade Update Brokerage firm: Macquarie Change: Downgrade Previous Rating: Neutral Current Rating: Underperform Previous Price Target: N/A Current Price Target: N/A
