Last Updated: 19 Sep 2024
Executive Summary
ViaSat Inc. (VSAT) is a global provider of broadband and communications products and services. The company's stock has underperformed the broader market in recent years, but analysts believe that it is undervalued and has significant upside potential.
Company Overview
ViaSat was founded in 1986 and is headquartered in Carlsbad, California. The company provides a range of satellite-based communication services, including internet access, voice, and video. ViaSat also manufactures and sells satellite equipment and components.
The company's operations are divided into two segments: Satellite Services and Satellite Products. The Satellite Services segment provides broadband internet access, voice, and video services to residential and business customers. The Satellite Products segment manufactures and sells satellite equipment and components to other companies.
Fundamental Analysis
ViaSat's financial performance has been mixed in recent years. The company has reported losses in each of the past four fiscal years. However, revenue has grown steadily, and the company is expected to return to profitability in fiscal 2024.
Technical Analysis
ViaSat's stock price has been in a downtrend since early 2022. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
Analysts believe that ViaSat's stock is undervalued and has significant upside potential. The company is expected to return to profitability in fiscal 2024, and analysts believe that the stock could reach $31.17 in the next 12 months.
Long Term Outlook
ViaSat is a well-positioned company in the growing satellite communications market. The company has a strong track record of innovation and is expected to continue to grow in the future. Analysts believe that ViaSat's stock is a good long-term investment.
Analyst Recommendations
Of the 11 analysts who cover ViaSat, 1 has a strong buy rating, 3 have a buy rating, 5 have a hold rating, and 0 have a sell rating. The average price target is $31.17.
