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Viasat (VSAT) Catches Eye: Stock Jumps 5%

Viasat, Inc. VSAT was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 10.6% in the past one-month time frame.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Viasat currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Viasat Inc. Price

Viasat Inc. Price | Viasat Inc. Quote

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Investors interested in the Wireless Equipment industry may consider Ribbon Communications Inc. RBBN, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is VSAT going up? Or down? Predict to see what others think:Up or Down

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