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Barclays Remains a Hold on ViaSat (VSAT)

Barclays analyst Mathieu Robilliard maintained a Hold rating on ViaSat (VSATResearch Report) on June 2 and set a price target of $53.00. The company’s shares closed last Friday at $39.60, close to its 52-week low of $35.05.

According to TipRanks.com, Robilliard is a 2-star analyst with an average return of 0.4% and a 53.5% success rate. Robilliard covers the Technology sector, focusing on stocks such as Iridium Communications, Telefonica Brasil, and TIM.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ViaSat with a $69.67 average price target.

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Based on ViaSat’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $702 million and GAAP net loss of $29.18 million. In comparison, last year the company earned revenue of $596 million and had a net profit of $7.36 million.

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ViaSat, Inc. provides communications technologies and services. It operates through following segments: Satellite Services, Commercial Networks and Government Systems. The Satellite Services segment provides satellite-based high-speed broadband services with multiple applications to consumers, enterprises, and mobile broadband customers (including commercial airlines and maritime vessels) both in the United States and abroad. The Commercial Networks segment develops and produces a variety of advanced satellite and wireless products, systems and solutions that enable the provision of high-speed fixed and mobile broadband services. The Government Systems segment provides global mobile broadband services to military and government users, and develops and produces network-centric Internet Protocol (IP)-based fixed and mobile secure communications products and solutions. The company was founded on May 1, 1986 by Mark D. Dankberg and Mark J. Miller and is headquartered in Carlsbad, CA.

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