Viasat Sees Uplift in Sales from Satellite-Based Broadband Services

🌥️Trending News

Viasat ($NASDAQ:VSAT), formerly known as Exede, is a satellite-based broadband provider and a leading provider of global communication services. This uplift in sales marks a major milestone for the company, as Viasat continues to expand its reach and become a more prominent player in the global communications market. The past year has been an especially successful one for Viasat, with the company experiencing an influx of new customers who have been attracted by its satellite-based broadband services. These services have enabled customers in rural areas, who may not have access to a reliable land-based network, to enjoy reliable and fast internet connections. This has allowed them to stay connected to their family, friends, and colleagues and access important services such as online banking and streaming video.

In addition, Viasat has also seen an increase in demand for its services from businesses. Companies have been looking to tap into the potential of satellite-based broadband services, taking advantage of the ease of use and reliable connection it can offer their staff working remotely. This has enabled businesses to maintain productivity while keeping operating costs low. This is an indication of the company’s growing presence in the global communications market and further testament to its capabilities in providing reliable and fast internet connections to both residential and business customers.

Share Price

On Thursday, VIASAT saw a considerable uplift in sales from their satellite-based broadband services, as their stock opened at $19.6 and closed at $19.0 – a 6.9% rise from the previous closing price of $17.7. This increase in stock price indicates that there is strong demand for their services and that customers are increasingly turning to satellite-based broadband to meet their internet needs. This could be attributed to the convenience and affordability that VIASAT provides, as well as the availability of their services in both rural and urban areas. With this increase in sales, VIASAT looks poised to continue its success and expansion in the satellite-based broadband market. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Viasat. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Viasat. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Viasat. More…

Key Ratios Snapshot

Some of the financial key ratios for Viasat are shown below. More…

Analysis

At GoodWhale, we have conducted an analysis of VIASAT‘s financials to determine its investment potential. According to our Star Chart, VIASAT is strong in, medium in growth, profitability and weak in asset, dividend. We have classified VIASAT as a ‘sloth’ type of company, which has achieved revenue or earnings growth slower than the overall economy. Given these findings, what type of investors may be interested in such a company? At GoodWhale, we believe that those investors looking for a safe and consistent return would find VIASAT an attractive proposition. With an intermediate health score of 5/10 considering its cashflows and debt, VIASAT is in a position to safely ride out any crisis without the risk of bankruptcy. Furthermore, VIASAT has not been overly aggressive in terms of dividends or assets, meaning that the company can focus on long-term growth and stability. 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 is a satellite-based broadband services company which recently released positive sales figures. This news caused the stock price to move up the same day, indicating investor optimism and confidence in the company. Analysts suggest that VIASAT’s strong quarterly results provide evidence of a well-performing business and suggest further potential for growth.

The company’s attractive pricing of services, and its commitment to delivering high-quality services have been seen as factors contributing to its success. Investors looking for an attractive option in the satellite-based broadband services industry may want to consider an investment in VIASAT, as it has already demonstrated strong sales and is predicted to continue its growth trajectory.