VSAT launches Enhanced LAISR mobility solution, aimed at offering flexible communications across government organizations worldwide.
The successful trial for the NexusWave solution will likely boost VSAT's commercial prospects in the maritime industry.
The Brazilian Airline Azul selects Viasat's (VSAT) ka-band in-flight connectivity solution to deliver uninterrupted Internet during air commute and enhance customer satisfaction.
By expanding its network and increasing its coverage, Viasat (VSAT) is not only addressing the connectivity challenges in the Arctic but also setting a new standard for global satellite communications.
Viasat (NASDAQ: VSAT ) stock is taking a beating on Tuesday after four major investors in the broadband and communications products and services company decided to dump some shares. Filings with the Securities and Exchange Commission (SEC) reveal that roughly 11.25 million shares of VSAT stock will be sold by investors.
Some of the satellite-services provider's biggest investors expect to sell some 11.2 million Viasat shares.
Viasat, Inc. (NASDAQ:VSAT ) Q1 2025 Earnings Conference Call August 7, 2024 5:30 PM ET Company Participants Lisa Curran - Vice President, Investor Relations Mark Dankberg - Chairman of the Board, Chief Executive Officer, and Co-Founder Guru Gowrappan - President Shawn Duffy - Senior Vice President & Chief Financial Officer Conference Call Participants Sebastiano Petti - JPMorgan Griffin Boss - B. Riley Securities Ryan Koontz - Needham & Company Ric Prentiss - Raymond James Christopher Quilty - Quilty Space Louie DiPalma - William Blair Operator Please standby.
Viasat stock surged by 37.82% after posting first-quarter results, with revenue growing by 6% Y/Y. Despite earnings beating expectations, analysts revised their outlook downward, but VSAT reported a 16% Y/Y increase in EBITDA. Viasat expects adjusted EBITDA to grow in the mid-single digit percentage, with a focus on cutting debt amid a high interest rate environment.
Solid demand trends help Viasat (VSAT) to report top-line growth in the first quarter of fiscal 2025, leading to narrower-than-expected loss.
Viasat raised its fiscal year 2025 revenue forecast on Wednesday, indicating a surge in demand for the satellite communications company's connectivity solutions from the aviation and defense markets.
ViaSat (VSAT) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.42. This compares to loss of $0.83 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for ViaSat (VSAT), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.