Oppenheimer Maintains an 'Outperform' on ViaSat (VSAT); A Little Caution Heading Into Q1 Report
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Price: $74.03 -3.44%
Rating Summary:
10 Buy, 7 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
10 Buy, 7 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Oppenheimer maintains an 'Outperform' on ViaSat (NASDAQ: VSAT) price target of $53.00 (from $59.00).
Analyst, Glenn Greene, said, "We're cautious on VSAT heading into F1Q13 results Thursday. Our checks suggest VSAT had a good quarter in terms of gross subscriber adds in its all-important consumer satellite service business. But with competitor SATS set to offer a competing service on its just-launched Jupiter XVII satellite, good may not be good enough. Unless VSAT's F1Q13 results show sub adds are trending toward a rate well above the targeted ~33K/month, investors may reasonably conclude that the pace could fall below ~33K/month once competition arrives in C4Q12. We believe VSAT's results will show there's significant pent-up demand for high-speed satellite broadband service; we're less sure results will demonstrate there's more than enough room, near term, to comfortably absorb another player."
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 $39.17 yesterday.
Analyst, Glenn Greene, said, "We're cautious on VSAT heading into F1Q13 results Thursday. Our checks suggest VSAT had a good quarter in terms of gross subscriber adds in its all-important consumer satellite service business. But with competitor SATS set to offer a competing service on its just-launched Jupiter XVII satellite, good may not be good enough. Unless VSAT's F1Q13 results show sub adds are trending toward a rate well above the targeted ~33K/month, investors may reasonably conclude that the pace could fall below ~33K/month once competition arrives in C4Q12. We believe VSAT's results will show there's significant pent-up demand for high-speed satellite broadband service; we're less sure results will demonstrate there's more than enough room, near term, to comfortably absorb another player."
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 $39.17 yesterday.
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