ViaSat

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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Viasat reports robust Q4 performance, eyes satellite expansion for growth

Viasat's Q4 FY2023 performance reflects strong revenue growth, successful strategic initiatives, and imminent expansion of satellite services. The company faces challenges in addressing integration priorities and competitive landscapes but is well-positioned to capitalize on growth opportunities in emerging markets.

VSAT reports robust Q2 results, faces challenges with satellite anomalies

VSAT's Q2 2023 performance reflects strong revenue and EBITDA growth, bolstered by the Inmarsat acquisition. However, challenges related to the anomaly on ViaSat-3 Flight 1 and the timing of corrective actions for Flight 2 may impact FY 2025. Despite this, the company is well-positioned to capitalize on opportunities in defense connectivity, direct-to-device business, and maritime services.

ViaSat anticipates record earnings, launches key satellites for growth

ViaSat is poised for significant growth with the upcoming launches of ViaSat-3 satellites, addressing immediate bandwidth constraints and enabling higher speeds and more bandwidth. Despite Q3 2023 financial results below expectations, the sale of TDL business and strategic partnerships provide a strong foundation for future profitability and growth.

Viasat reports record revenue and EBITDA, eyes global expansion opportunities

Viasat's strong financial performance in Q4 FY2023, driven by strategic decisions and successful satellite deployment, positions the company for growth. While challenges lie in post-acquisition integration and market dynamics, opportunities in global expansion and service enhancements offer avenues for future success.

ViaSat reports robust Q1 results post-Inmarsat acquisition, addresses challenges

ViaSat's Q1 2024 earnings call highlighted strong financial performance, post-Inmarsat acquisition synergies, and challenges due to ViaSat-3 anomaly. The company aims for high single-digit revenue growth in FY 2024 and positive growth in FY 2025.

ViaSat excels in Q2 with strong mobility focus and growth outlook

ViaSat's Q2 performance showcased strength in mobility markets, with a focus on addressing satellite anomalies and enhancing in-flight services. The company aims for sustained revenue and adjusted EBITDA growth, targeting free cash flow positivity by H1 2025 and sustainable free cash flow by fiscal '26.

ViaSat reports stellar Q3 results, eyes growth through strategic partnerships

ViaSat's Q3 performance reflects robust revenue and EBITDA growth, backed by a strong backlog and satellite development pipeline. The company's focus on operational efficiency, market expansion, and strategic partnerships positions it well for future growth and positive cash flow.

Viasat surpasses FY '24 targets, eyes new tech for growth

Viasat's FY '24 performance exceeded expectations with strategic cost reductions and revenue growth.
Focus on new technologies and services presents opportunities for revenue expansion and market leadership.
Challenges lie in balancing subscriber declines, cost pressures, and maintaining margins.
Overall, Viasat is positioning for growth through innovation and operational efficiencies.

ViaSat reports strong Q1 performance, eyes growth amid challenges

ViaSat's Q1 FY '25 performance reflects growth in revenue and adjusted EBITDA, supported by strategic initiatives to strengthen financial position.
The company faces challenges in maintaining revenue growth for FY '25 but sees opportunities in segment diversification and investment strategies for future growth.
Overall, ViaSat's focus on operational excellence and financial stability positions it well for continued growth and market expansion in the coming quarters.

ViaSat (VSAT) reports robust Q2 performance amidst industry challenges

ViaSat's Q2 earnings call highlighted strong financial performance, strategic initiatives, and market positioning amidst industry challenges and opportunities.
The company's focus on record contract awards, capital structure strengthening, and satellite deployments underscores its commitment to growth and innovation.
Analysts' inquiries and executive discussions reflected a comprehensive overview of ViaSat's financial health, operational progress, and strategic direction.

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ViaSat, Inc. engages in providing communications technologies and services. It operates through the following business 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. 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 offers 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 by Mark D. Dankberg and Mark J. Miller on May 1, 1986 and is headquartered in Carlsbad, CA.

CARLSBAD, Calif. and LYNGBY, Denmark , Nov. 10, 2022 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global communications company, and Cobham Satcom, a leading global provider of satellite communications solutions to the maritime and land segments, today announced the companies are collaborating on a new, advanced satellite connectivity solution for the maritime and energy industries in preparation for the launch of Viasat's next generation satellite constellation, ViaSat-3.

Viasat and Cobham Satcom Announce Strategic Collaboration on Maritime Connectivity System Ahead of ViaSat-3

Carlsbad, California's Viasat said Tuesday that it expects to begin launching its next-generation broadband Internet satellite constellation early next year—marking another delay in getting the terabyte-class satellites into orbit.

Viasat shoots for early 2023 to launch the first of 3 terabyte-class Internet satellites

Viasat, Inc. (NASDAQ:VSAT ) Q2 2023 Results Conference Call November 8, 2022 5:00 PM ET Company Participants Mark Dankberg - Chairman & CEO Rick Baldridge - Vice Chairman Kevin Harkernweider - Chief Operating Officer Shawn Duffy - Chief Financial Officer Robert Blair - General Counsel Peter Opes - Investor Relations Conference Call Participants Richard Prentiss - Raymond James Landon Park - Morgan Stanley Michael Crawford - B. Riley Securities Christopher David Quilty - Quilty Analytics Louie DiPalma - William Blair & Company Operator Welcome to ViaSat's Fiscal Year 2023 Second Quarter Earnings Conference Call.

Viasat, Inc. (VSAT) Q2 2023 Earnings Call Transcript

ViaSat (VSAT) delivered earnings and revenue surprises of -540.91% and 13.26%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

ViaSat (VSAT) Reports Q2 Loss, Lags Revenue Estimates

CARLSBAD, Calif. , Nov. 8, 2022 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications, today published its second quarter fiscal year 2023 financial results in a letter to shareholders, which is now posted to the Investor Relations section of the website.

Viasat Releases Second Quarter Fiscal Year 2023 Financial Results

CARLSBAD, Calif. , Nov. 1, 2022 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global communications company, today announced it will release its second quarter fiscal year 2023 financial results on Tuesday, November 8, 2022, after the market closes, via a letter to shareholders posted to the Investor Relations section of its website.

Viasat Sets November 8, 2022 for Second Quarter Fiscal Year 2023 Financial Results Conference Call and Webcast

InterDigital

Juniper Networks

Pent-up demand for advanced networking architecture for increased broadband usage despite continued chip shortage and supply-chain disruptions is driving the Zacks Wireless Equipment industry. JNPR, VSAT and IDCC are well-positioned to thrive despite the near-term challenges.

3 Wireless Stocks Set to Ride on Fiber Densification, 5G Rollout

CARLSBAD, Calif., and LONDON , Oct. 18, 2022 /PRNewswire/ -- Viasat Inc., (NASDAQ: VSAT), a global communications company, and Inmarsat, a leading provider of global mobile satellite communications services, today announced that the Australian Government's Foreign Investment Review Board (FIRB) has confirmed it has no objections to the planned combination of their businesses.

Viasat and Inmarsat Receive Approval for Proposed Combination from Australia's Foreign Investment Review Board

The U.K.'s competition regulator is worried the deal would lead to higher prices for onboard Wi-Fi on plane flights.

U.S. satellite giant Viasat's $7.3 billion takeover of UK rival Inmarsat faces in-depth competition probe

The Competition and Markets Authority (CMA) said it has referred the US$7.3bn acquisition by US communications company Viasat, Inc. of its British rival Inmarsat for an in-depth Phase 2 investigation on concerns the merger could lead to a “substantial lessening of competition” in the UK.

UK regulator refers Viasat-Inmarsat merger for in-depth investigation

Britain's competition regulator said on Friday that it had referred Viasat's $7.3 billion takeover of satellite rival Inmarsat for an in-depth investigation, raising chances of the deal getting delayed.

UK regulator refers Viasat-Inmarsat merger for in-depth probe

CARLSBAD, Calif., and LONDON , Oct. 14, 2022 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global communications company, and Inmarsat, a leading provider of global mobile satellite communications services, look forward to working with the UK's Competition and Markets Authority (CMA) to demonstrate how the planned combination of the companies will benefit customers by improving efficiencies, lowering costs, and increasing the availability of in-flight connectivity (IFC) around the world.

Viasat and Inmarsat Will Work with CMA to Demonstrate Customer Benefits of Proposed Transaction

Satellite receives green light to move ahead, closer to launch CARLSBAD, Calif. , Oct. 11, 2022 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications, announced today the ViaSat-3 Americas satellite has completed mechanical environmental testing.

ViaSat-3 Satellite Completes Mechanical Environmental Testing

The U.K.'s Competition and Markets Authority (CMA) has announced that the proposed merger between London-based satellite communications company Inmarsat and its U.S. rival Viasat raises potential competition concerns, and plans to launch a full-scale investigation into the deal. The $7.

UK to probe Inmarsat and Viasat's $7.3B merger on competition grounds, says it could lead to pricier in-flight Wi-FI

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Iridium Communications

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T-Mobile US

Satellite-to-smartphone connectivity in remote locations is suddenly the rage in telecom again, some 23 years after Iridium and ICO Communications fell into bankruptcy. The post Will Satellite-To-Smartphone Services Get Lost In Space This Time?

Will Satellite-To-Smartphone Services Get Lost In Space This Time?

CARLSBAD, Calif. and LONDON , Oct. 6, 2022 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global communications company, and Inmarsat, a leading provider of global mobile satellite communications services, remain committed to working with the UK's Competition and Markets Authority (CMA) to demonstrate how their planned transaction will benefit airline, passenger, and enterprise users of In-Flight Connectivity (IFC) in aviation businesses.

Viasat and Inmarsat Confident Their Combination Benefits Consumers

L3Harris

L3Harris Technologies Inc (NYSE: LHX) is buying “Link 16” from Viasat Inc (NASDAQ: VSAT) for $1.96 billion to capitalise on increased U.S. spending on “defense”. CEO Kubasik's remarks on CNBC TDL – the Tactical Data Links business had roughly $400 million in revenue last year.

L3Harris announces an acquisition: ‘huge win for the warfighter'

Viasat's Link 16 Tactical Data Links product line consists of 450 employees and generates approximately $400M in annual sales. The deal is expected to close in the first half of 2023.

Viasat to sell military communications unit to L3Harris for nearly $2B

The company has a big deal to pay down its debt and refocus its business.

Why Viasat Stock Is Rocketing Higher Today

Satellite operator Viasat is selling a piece of its government business to defense contractor L3Harris, in a deal worth nearly $2 billon.

Satellite operator Viasat up 35% after selling military communications unit to L3Harris for $2 billion

Viasat Inc  (NASDAQ:VSAT) is up a whopping 45.1% at $43.85 at last check, after news that defense contractor L3harris Technologies (LHX) will acquire the company's Link 16 tactical data business for roughly $1.96 billion.

Viasat Stock Eyes Best Day Ever After Data Business Sale

L3Harris (LHX) announced it is buying Viasat's (VSAT) government systems unit for $1.96 billion. This is why.

Why L3Harris (LHX) Is Buying Viasat's (VSAT) Government Systems Unit For $1.96 Billion

Viasat Inc. VSAT, -1.98% announced Monday an agreement to sell its Link 16 Tactical Data Links (TDL) business to L3Harris Technologies in a deal valued at $1.96 billion. Viasat expects the deal to results in cash proceeds of $1.8 billion, after taxes, fees and other expenses, which the communications company expects to use to reduce debt and boost liquidity.

Viasat to sell Link 16 TDL business for about $2 billion as it looks to reduce debt, boost liquidity

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris to Acquire Viasat's tactical data link product line expanding JADC2 and its resilient networking focus

L3Harris to Acquire Viasat's Tactical Data Link Business

Represents approximately 35% of Government Systems segment revenue CARLSBAD, Calif. , Oct. 3, 2022  /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced it has entered into a definitive agreement to sell its Link 16 Tactical Data Links (TDL) business to L3Harris Technologies for $1.96 billion, subject to customary transaction adjustments in accordance with the agreement.

News for ViaSat Stock (VSAT)