Viasat's stock plummeted 9.21% during intraday trading on Monday, extending its recent decline following the company's latest earnings report.
The sharp drop comes after Viasat reported fiscal fourth-quarter results that showed revenue of $1.171 billion, missing market expectations of $1.196 billion. While the company's adjusted loss of $0.02 per share beat consensus estimates, the revenue shortfall combined with conservative forward guidance has triggered sustained selling pressure.
Viasat guided for only mid-single-digit year-over-year revenue growth in fiscal year 2027, with adjusted EBITDA expected to remain flat or increase marginally. This subdued outlook has led to profit-taking as investors unwind positions built during the stock's previous rally, which was driven by positive business milestones and analyst upgrades prior to the earnings release.
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