Bank of Montreal Can Invests $330,000 in Viasat
December 11, 2023
🌥️Trending News
The Bank of Montreal has recently announced that it is investing $330,000 in Viasat ($NASDAQ:VSAT), Inc., a global communications and technology company based in California. Viasat provides satellite and wireless services to customers all around the world, allowing them to access the internet, make secure international calls, and watch television from any location. The company’s technology is used by many governments, militaries, and businesses, making it a leader in the sector. This investment from the Bank of Montreal allows Viasat to continue to improve its services and reach more customers.
With the Bank of Montreal’s investment, Viasat is now well-positioned to continue its growth and provide even better services for its customers. This investment is a sign of confidence in the company’s potential and is sure to bring more investor attention to Viasat in the future.
Share Price
This investment by Bank of Montreal Can signals strong confidence in VIASAT‘s potential as a market leader in the satellite industry. 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 |
| 3.32k | 310.37 | -28.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Viasat. More…
| Operations | Investing | Financing |
| 462.37 | 321.83 | 1.03k |
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 |
| 17.07k | 11.84k | 41.68 |
Key Ratios Snapshot
Some of the financial key ratios for Viasat are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.6% | 1.8% | -26.7% |
| FCF Margin | ROE | ROA |
| -26.7% | -10.0% | -3.2% |
Analysis
At GoodWhale, we performed an analysis of VIASAT‘s fundamentals. According to Star Chart, VIASAT is strong in growth but medium in profitability and weak in assets and dividends. This led us to classify VIASAT as a ‘cheetah’, a type of company that achieves high revenue or earnings growth but is considered less stable due to lower profitability. Given its cheetah classification, we can conclude that type of investors likely to be interested in such a company would be those seeking higher risk investments with the potential for higher returns. Additionally, despite its weaknesses, it still has an intermediate health score of 5/10 with regard to its cashflows and debt, indicating the company is likely to sustain future operations in times of crisis. 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
Investors have been showing increasing interest in Viasat, Inc. (VSAT) as evidenced by the Bank of Montreal Can’s recent purchase of a $330,000 stake in the company. This investment comes amid the company’s focus on satellite communications and broadband internet services, with its main objective being to provide global connectivity. Analysts expect the company to continue its growth trajectory due to its strong market positioning and potential for further acquisitions in the satellite communication sector. Overall, analysts believe that Viasat is a good buy for investors looking for strong returns.
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