ViaSat ( (VSAT) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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ViaSat Inc.’s stock experienced unusual movement due to a combination of factors. The company’s Q2 revenue fell slightly below market expectations, creating mixed sentiment among investors. Despite positive developments like the successful transmission of the first satellite SMS messages in Mexico and securing a contract with the US Space Force, Barclays downgraded ViaSat over concerns about its financial outlook. Additionally, options trading suggests potential volatility in the stock price following the earnings report.
More about ViaSat
YTD Price Performance: 272.40%
Average Trading Volume: 3,233,184
Technical Sentiment Signal: Buy
Current Market Cap: $5.09B
For further insights into VSAT stock on TipRanks’ Stock Analysis page.
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