Viasat (NASDAQ:VSAT) has received an upgrade from a “sell” rating to a “hold” rating by equities researchers at StockNews.com. This upgrade comes after Viasat’s impressive performance in its Quarterly Earnings report. In the last quarter, Viasat reported earnings per share of $15.56, surpassing the consensus estimate by $1.15. The company also demonstrated a commendable return on equity and a net margin of 40.92%. Although the revenue slightly fell short of the consensus estimate, it still reflected steady growth for the company.
Viasat is an international provider of broadband and communications products and services with a global presence. The company’s Satellite Services segment offers satellite-based fixed broadband services, including high-speed internet access and voice over internet protocol communication options, to both consumers and businesses worldwide. Viasat also provides in-flight entertainment services to commercial airlines and private business jets.
In addition to aviation, Viasat offers satellite-based connectivity services to sectors such as energy offshore vessels, cruise ships, consumer ferries, and luxury yachts. The company’s energy services division specializes in ultra-secure IP connectivity solutions, bandwidth optimization, over-the-top applications, and industrial internet-of-things big data enablement. Viasat’s machine learning analytics capabilities empower businesses in the energy sector with valuable insights for enhanced operational efficiency and decision-making.
Analysts remain optimistic about Viasat’s future earnings potential. On average, research analysts predict that Viasat will post earnings per share of 1.11 for the current fiscal year. With its commitment to innovation and customer satisfaction, Viasat continues to leverage its expertise in satellite technology to deliver cutting-edge solutions that drive growth opportunities across various industries. As the company progresses into 2023, investors eagerly await updates on their initiatives and anticipate further positive developments from this industry leader.

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