2023: Viasat to Provide High-Speed Internet Connectivity for 1000 Delta Air Fleet Business Jets.
March 17, 2023
Trending News 🌥️
In 2023, Viasat ($NASDAQ:VSAT) is set to provide high-speed internet connectivity for 1000 Delta Air Fleet Business Jets. The company is providing its Ka-band solutions to power in-flight connectivity, ensuring that business jet customers can have access to fast internet from the time they take off until they land. This will enable customers to stay connected and productive during their entire flight, with no disruption in service. Viasat’s Ka-band provides faster speeds than ever before, eliminating the need for satellite phone calls or downloads to access their data. The powerful network also gives customers access to a wide range of digital entertainment options, allowing them to watch movies, TV shows, and play games without interruption.
In addition, the Ka-band will enable passengers to use voice-controlled virtual assistants and engage in interactive video chats while in the air. Delta Air Fleet’s decision to partner with Viasat is a major step forward in providing high-quality in-flight connectivity. Viasat’s Ka-band technology will allow passengers to enjoy the internet experience they’ve come to expect on land while flying in the air. Not only that, but it will also open up new possibilities for how people use their time in the air, providing them with an enjoyable and productive experience.
Share Price
The news was well-received by the media, and the stock opened at $35.6 and closed at $35.2, down by 5.0% from its last closing price of 37.0. This move is seen as a positive step for Viasat in its effort to provide reliable and secure internet connectivity to the aviation industry. Such a move is expected to pave the way for further expansion of their services in the years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Viasat. More…
| Total Revenues | Net Income | Net Margin |
| 2.87k | -141.21 | -3.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Viasat. More…
| Operations | Investing | Financing |
| 436.88 | -1.13k | 711.34 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Viasat. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.8k | 4.18k | 33.9 |
Key Ratios Snapshot
Some of the financial key ratios for Viasat are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.0% | 1.8% | -0.1% |
| FCF Margin | ROE | ROA |
| -24.1% | -0.0% | -0.0% |
Analysis
At GoodWhale, we have conducted an analysis of VIASAT‘s fundamentals. Our Risk Rating has determined that VIASAT is a medium risk investment in terms of financial and business aspects. After examining their balance sheet, cashflow statement, and non financial data, we have detected 3 risk warnings which require further scrutiny. To gain access to this information, simply become a registered user on our site. More…
Peers
It has a portfolio of products and services for both commercial and government markets. The company operates in three segments: Satellite Services, Ground Networks, and Commercial Networks. Viasat Inc was founded in 1986 and is headquartered in Carlsbad, California. Wialan Technologies Inc is a provider of wireless networking solutions. The company offers a range of products and services for both commercial and government markets. Wialan Technologies Inc was founded in 2002 and is headquartered in Carlsbad, California. ADVA Optical Networking SE is a provider of optical and Ethernet-based networking solutions. The company offers a range of products and services for both commercial and government markets. ADVA Optical Networking SE was founded in 1984 and is headquartered in Martinsried, Germany. Cermetek Microelectronics Inc is a provider of microelectronic solutions. The company offers a range of products and services for both commercial and government markets. Cermetek Microelectronics Inc was founded in 1968 and is headquartered in Santa Clara, California.
– Wialan Technologies Inc ($OTCPK:WLAN)
ADVA Optical Networking SE is a German telecommunications company that provides fiber-optic data transmission systems and equipment for data centers, telecommunications service providers, and enterprises. The company has a market cap of 1.07B as of 2022 and a Return on Equity of 4.24%. The company’s products include Ethernet switches, routers, and transponders.
Summary
VIASAT (NASDAQ: VSAT) is a communications company that provides high-speed internet connectivity for 1000 Delta Air Fleet Business Jets. At the time of writing, the media coverage for this news has largely been positive.
However, the stock price for VIASAT did decline on the same day. For investors, the immediate response to this news may be a bit concerning, however it should be noted that the long-term implications of this news could be beneficial for VIASAT. The company is poised to benefit from an expanded customer base and the potential for higher revenue. Furthermore, this deal will likely strengthen their relationships with the airline industry, leading to further growth opportunities. Therefore, while investors should keep an eye on the stock price in the short-term, they may find that investing in VIASAT could be beneficial in the long run.
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