Viasat Misses Q2 EPS and Revenue Estimates

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Viasat ($NASDAQ:VSAT) is a global communications company that provides high-speed Internet and other connectivity services to consumers, businesses, and governments. The company reported a Non-GAAP EPS of -$0.18 for Q2, missing the estimate by $0.74. Revenue of $744.8M was also below the estimate of $38.27M. Shares are down 3%. The company blamed the miss on lower-than-expected revenues from its in-flight Wi-Fi and satellite phone businesses. Viasat also said that its new Viasat-2 satellite, which was launched in June, is not yet fully operational.

Despite the miss, Viasat remains confident in its long-term growth prospects. The company is focusing on expanding its customer base and increasing its average revenue per user. Viasat is also investing in new technology, such as its ViaSat-3 satellite constellation, which is designed to provide even faster speeds and higher capacity. Shares of Viasat are down 3% in after-hours trading.

Share Price

On Tuesday, Viasat stock opened at $37.2 and closed at $36.8, down by 0.1% from previous closing price of 36.8. This was in response to the company’s Q2 EPS and revenue estimates missing expectations. Media sentiment has been mostly negative towards the company as a result.

VI Analysis

Company’s fundamentals are a reflection of its long term potential. According to the VI Risk Rating, VIASAT is a medium risk investment in terms of financial and business aspects. The VI App has detected 3 risk warnings in balance sheet, cashflow statement, and non-financial aspects. Register with us to check it out.

VI 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

Investing in Viasat may be a good idea for investors who are looking for exposure to the satellite industry. The company has a strong history of innovation and a track record of success in the commercial satellite market. Viasat also has a growing government business, which could provide additional growth opportunities in the future.