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ViaSat gets boost from Wells Fargo

Wells Fargo’s market analysts on Friday upgraded Carlsbad's ViaSat Inc. (Nasdaq: VSAT) from “market perform” to “outperform,” saying that its solid long-term growth prospects as a broadband services provider outweigh the lowered expectations for its near-term performance, which have brought its price to an attractive level.

ViaSat, which has scheduled its fiscal year-end conference call for Tuesday, has been in a stock slump since late March, but the Wells Fargo rating helped push its stock up nearly 3 percent during the first hour of trading Friday on Wall Street.

The ratings team at TheStreet, on the other hand, reiterated its “hold” on ViaSat, saying that its “robust revenue growth” was countered by its 0.72 debt-to-equity ratio, which it described as “somewhat low overall, but high when compared to the industry average.” But TheStreet added that the company’s quick ratio -- a measure of its ability to meet short-term obligations -- was “sturdy” at 1.20.

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ViaSat Inc.

Company Website

6155 El Camino Real
Carlsbad, CA 92009

Company Trade Data

Stock Symbol Close
Change
Chg %Chg
Volume
52-Week
High Low
VSAT
66.47
  -0.83  
- 1.23%
163,211,000
71.41
53.0

Insider Trade Data

Date Insider Shares Type Value
10/15/2015 Nash, Jeffrey M 3,000 Sell $198,810
10/07/2015 Estes, Steve 41,563 Sell $2,909,410
10/07/2015 Estes, Steve 41,563 Exchange $1,715,825
10/01/2015 Baldridge, Richard A 75,000 Sell $4,713,190
10/01/2015 Baldridge, Richard A 75,000 Exchange $2,208,750

ViaSat Inc. Executive(s):

Mark Dankberg

  • Chairman, Chief Executive Officer

Richard Baldridge

  • Chief Operating Officer, President

Bruce Dirks

  • Chief Financial Officer

Howard Pace

  • Vice President, Chief Strategist

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