On June 5, Viasat declined 5.58% in regular trading, trading at approximately $68.88 per share, with trading volume of $26.81 million. The sell-off reflects continued downside pressure following the company's fiscal Q4 earnings release on May 28.
Viasat reported fiscal Q4 adjusted loss per share of $0.02, significantly beating the consensus estimate of a $0.36 loss. However, quarterly revenue of $1.171 billion fell short of the $1.196 billion market expectation. Additionally, the company issued conservative FY2027 guidance, projecting only mid-single-digit year-over-year revenue growth with adjusted EBITDA expected to remain flat or increase marginally.
Prior to the earnings release, Viasat shares had rallied sharply over multiple consecutive trading sessions, driven by the dual catalysts of its SwiftBroadband-Safety cockpit communication service surpassing the 1,000-aircraft installation milestone and New Street Research initiating coverage with a buy rating. The revenue shortfall combined with the underwhelming forward outlook has continued to erode the previously accumulated bullish momentum, extending profit-taking pressure into subsequent sessions.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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