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ViaSat (VSAT) in Focus: Stock Moves 5.4% Higher

Zacks Equity Research
Updated

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. The stock picked up sharply from the near-flat trend of $64.11 to $65.12 in the past one month time frame.

The company's shares rose after it announced that it has extended its relationship with JetBlue, and will serve as the direct in-flight internet service provider to the airline. 

The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

ViaSat currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.

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ViaSat, Inc. Price

 

ViaSat, Inc. Price | ViaSat, Inc. Quote

Investors interested in the Wireless Equipment industry may also consider Sonus Networks, Inc. SONS, which has a Zacks Rank #1. 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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Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

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Sonus Networks, Inc. (SONS) : Free Stock Analysis Report
 
ViaSat, Inc. (VSAT) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research