Viasat Inc (VSAT): Today's Featured Telecommunications Loser

Viasat ( VSAT) pushed the Telecommunications industry lower today making it today's featured Telecommunications loser. The industry as a whole closed the day up 2.5%. By the end of trading, Viasat fell 65 cents (-1.6%) to $40.40 on heavy volume. Throughout the day, 418,007 shares of Viasat exchanged hands as compared to its average daily volume of 226,400 shares. The stock ranged in price between $40.37-$41.57 after having opened the day at $41.41 as compared to the previous trading day's close of $41.05. Other company's within the Telecommunications industry that declined today were: Frontier Communications Corp Class B ( FTR), down 6.1%, Ditech Networks Corporation ( DITC), down 4.7%, Iteris ( ITI), down 4.2%, and RIT Technologies ( RITT), down 3.9%.

ViaSat, Inc. designs, produces, and markets satellite and other wireless communication, and networking systems for government and commercial customers. Viasat has a market cap of $1.75 billion and is part of the technology sector. The company has a P/E ratio of 238.2, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 12.2% year to date as of the close of trading on Tuesday. Currently there are three analysts that rate Viasat a buy, three analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Viasat as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

On the positive front, Ambient Corporation ( AMBT), up 12.8%, UniTek Global Services ( UNTK), up 11.3%, Schawk ( SGK), up 10.6%, and Parametric Sound ( PAMT), up 10.2%, were all gainers within the telecommunications industry with AT&T ( T) being today's featured telecommunications industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).
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