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ViaSat slides 17% after loss, sub letdown

Published 08/10/2018, 05:26 PM
© Reuters.  ViaSat slides 17% after loss, sub letdown
VSAT
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  • ViaSat (NASDAQ:VSAT) finished the day 17.1% lower after its losses got deeper in yesterday's Q1 report.
  • That came as the company continued fixed-cost investments in its next-generation satellite infrastructure as well as business infrastructure "to support anticipated rapid growth across all segments."
  • Tiny net adds of consumer broadband subscribers (bringing its total to 577,000) were "well below" estimates, Raymond James says, though some of those adds may be backloaded: ViaSat-2 was in service, but "the geographic areas offering the fastest speed plans did not expand until near the end of the quarter (suggesting better adds the rest of FY19)," the firm says.
  • Shares have fallen 20.5% in 2018 and are hovering just 1.5% over their 52-week low.
  • Now read: Viasat, Inc. 2019 Q1 - Results - Earnings Call Slides


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