Why ViaSat (VSAT) Stock Is Falling Today

NEW YORK (TheStreet) -- ViaSat (VSAT) was falling -8.2% to $52.58 Wednesday after missing analysts’ estimates for earnings and revenue for the fiscal first quarter.

For the first quarter ViaSat reported earnings of 5 cents a share, missing the Capital IQ Consensus Estimate of 14 cents a share by 9 cents. Revenue fell -0.5% from the year-ago quarter to $319.5 million, below analysts’ expectations of $349.88 million.

Commercial networks revenue fell -5% year-over-year to $92.2 million in the quarter. Government systems revenue fell 15% from the year-ago quarter to $117.5 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 revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself."

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