Why ViaSat (VSAT) Stock Is Lower After the Bell

NEW YORK (TheStreet) -- ViaSat (VSAT) stock is slipping in post-market trading after the broadband provider reported fourth-quarter earnings and revenue below analysts' estimates. 

After the bell, shares had dropped 2.1% to $57.43. 

Over the three months to March, the company earned 10 cents a share, a penny lower than analysts surveyed by Thomson Reuters expected. Revenue of $343.9 million, though 11.4% higher year over year, missed forecasts of $348.98 million. 

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TheStreet Ratings team rates VIASAT INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate VIASAT INC (VSAT) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year."

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