Needham & Company Cuts Estimates on ViaSat (VSAT); Light 3QF12 Results, But Focus on Imminent ViaSat-1 Service Ramp

Needham & Company maintains a 'Hold' on ViaSat (NASDAQ: VSAT).

Analyst, Richard Valera, said, "We are trimming our estimates, mainly for slower assumed Gov’t. growth. That said, we acknowledge an unusually high potential for variance from our estimates given the fluid state of company’s service ramp. F12 goes to $866MM/$0.96/$161MM (Rev/PF EPS/EBITDA) from $897MM/$0.95/$162MM. F13 goes to $1.053B/$1.35/$239MM from $1.064B/$1.57/$237MM."

For an analyst ratings summary and ratings history on ViaSat click here. For more ratings news on ViaSat click here.

Shares of ViaSat closed at $49.50 yesterday, with a 52 week range of $31.18-$49.80.

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