Eye Catching Stock: Viasat Inc. (NASDAQ:VSAT)

Viasat Inc. (NASDAQ:VSAT) changed -0.12% to recent value of $75.32. The stock transacted 310448 shares during most recent day however it has an average volume of 470.18K shares. It spotted trading -22.60% off 52-week high price. On the other end, the stock has been noted 34.67% away from the low price over the last 52-weeks.

On Sept. 30, 2019, Viasat Inc. (NASDAQ:VSAT) a global communications company, released it was awarded an ID/IQ contract by the Naval Information Warfare Systems Command (NAVWARSYSCOM) for the purchase of supplemental units for Viasat’s KOR-24A Small Tactical Terminal (STT). The KOR-24A STT is the world’s only multi-channel radio capable of performing Link 16 communications in a small form factor, and includes interoperable functionality to improve communications between U.S. and international coalition partners’ military agencies requiring critical information from multiple networks.

Through this program, NAVWARSYSCOM can quickly enable platforms (aircraft, vehicles and maritime vessels) with size, weight and power restrictions to finally be a part of the Link 16 network, exchange near real-time tactical situational awareness data and secure voice with other high-valued Link 16-enabled platforms.

The contract is structured to expand and evolve over time—enabling NAVWARSYSCOM to quickly provide international defense forces with Viasat’s KOR-24A STT through Foreign Military Sales cases.

Viasat’s KOR-24A STT has the ability to provide our international military partners with convenient, streamlined access to next-generation technology capabilities needed to enhance situational awareness and improve mission effectiveness across the battlespace, said Ken Peterman, president, Government Systems, Viasat. Given current backlog and pending orders of Viasat’s KOR-24A STTs by both U.S. and international defense customers, we see this as another testament to the increased demand for a flexible, multi-channel Link 16 radio at the tactical edge.

VSAT has a gross margin of 27.20% and an operating margin of -0.70% while its profit margin remained -2.10% for the last 12 months. Its earnings per share (EPS) expected to touch remained -6.40% for this year while earning per share for the next 5-years is expected to reach at 40.10%.

The company has 61.18M of outstanding shares and 58.02M shares were floated in the market. According to the most recent quarter its current ratio was 1.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of -3.81% from the mean of 20 days, -4.56% from mean of 50 days SMA and performed -3.24% from mean of 200 days price. Company’s performance for the week was -2.88%, -4.99% for month and YTD performance remained 27.77%.

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