ViaSat ( (VSAT) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Viasat shares are jumping as investors react to a massive $4.82 billion NASA contract and a third-quarter earnings beat that came in well above Wall Street forecasts. The rally is driven by growing confidence in the company’s improving financial health and long-term revenue visibility.
Analysts also point to fresh international service deals in Brazil and signs of institutional buying, which are helping push the stock toward a new 52-week high. These catalysts have turned the move into a clearly company-specific surge, rather than a broader sector trend.
More about ViaSat
YTD Price Performance: 39.58%
Average Trading Volume: 1,735,483
Technical Sentiment Signal: Buy
Current Market Cap: $6.68B
For further insights into VSAT stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.