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ViaSat Inc (VSAT)



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Upturn Advisory Summary
06/30/2025: VSAT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Year Target Price $18.29
Year Target Price $18.29
2 | Strong Buy |
1 | Buy |
6 | Hold |
0 | Under performing |
0 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit -9.54% | Avg. Invested days 21 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.90B USD | Price to earnings Ratio - | 1Y Target Price 18.29 |
Price to earnings Ratio - | 1Y Target Price 18.29 | ||
Volume (30-day avg) 9 | Beta 0.99 | 52 Weeks Range 6.69 - 26.70 | Updated Date 06/30/2025 |
52 Weeks Range 6.69 - 26.70 | Updated Date 06/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -4.48 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -12.72% | Operating Margin (TTM) 1.36% |
Management Effectiveness
Return on Assets (TTM) 0.28% | Return on Equity (TTM) -10.93% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 7806112941 | Price to Sales(TTM) 0.42 |
Enterprise Value 7806112941 | Price to Sales(TTM) 0.42 | ||
Enterprise Value to Revenue 1.73 | Enterprise Value to EBITDA 6.31 | Shares Outstanding 130320000 | Shares Floating 107888978 |
Shares Outstanding 130320000 | Shares Floating 107888978 | ||
Percent Insiders 6.56 | Percent Institutions 102.29 |
Analyst Ratings
Rating 3 | Target Price 18.29 | Buy 1 | Strong Buy 2 |
Buy 1 | Strong Buy 2 | ||
Hold 6 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
ViaSat Inc

Company Overview
History and Background
ViaSat Inc. was founded in 1986. It initially focused on developing satellite communication technology and has since evolved into a global provider of broadband and communication services. Significant milestones include launching its first satellite in 2005 and acquiring key businesses to expand its service offerings.
Core Business Areas
- Satellite Services: Provides high-speed satellite-based broadband services for residential, enterprise, and government customers.
- Network Systems: Develops and sells satellite and wireless communication systems and equipment.
- Government Systems: Offers communication and cybersecurity solutions to government agencies, including defense.
Leadership and Structure
Mark Dankberg is the Executive Chairman and Michael J. Cummins is the CEO. The company operates with a functional organizational structure aligned with its core business areas.
Top Products and Market Share
Key Offerings
- Exede Internet: A satellite internet service providing high-speed broadband to residential and small business customers in rural areas. Competitors include HughesNet (EHT), Starlink (SpaceX), and traditional DSL providers. Limited Market Share available.
- ViaSat In-Flight Connectivity: Provides in-flight internet and entertainment services to commercial airlines. Competitors include Gogo (GOGO) and Intelsat (ISAT). Limited Market Share available.
- Link 16: Develops and sells military tactical data link (TDL) communication terminals and systems, including Link 16, to the U.S. government and allied nations. The main competitors are Collins Aerospace (RTX) and L3Harris Technologies (LHX). Limited Market Share available.
Market Dynamics
Industry Overview
The satellite communication industry is experiencing growth driven by increasing demand for broadband connectivity, particularly in underserved areas. The market also benefits from advancements in satellite technology and the expansion of IoT applications.
Positioning
ViaSat is a key player in the satellite communications market, with a competitive advantage in high-capacity satellite technology and a strong presence in the residential, enterprise, and government sectors.
Total Addressable Market (TAM)
The TAM for satellite communication is estimated to be in the hundreds of billions of dollars. ViaSat is positioned to capture a significant portion of this TAM, particularly in the segments focused on connectivity.
Upturn SWOT Analysis
Strengths
- High-capacity satellite technology
- Strong presence in residential, enterprise, and government markets
- Experienced management team
- Vertical integration
Weaknesses
- High capital expenditures
- Reliance on satellite launches
- Debt Levels
- Competition from terrestrial broadband providers
Opportunities
- Expanding broadband coverage to underserved areas
- Growing demand for in-flight connectivity
- Increasing adoption of IoT applications
- Government spending on satellite communications
Threats
- Competition from new satellite entrants (e.g., Starlink)
- Technological obsolescence
- Economic downturns affecting consumer spending
- Regulatory changes
Competitors and Market Share
Key Competitors
- EHT
- ISAT
- RTX
- LHX
Competitive Landscape
ViaSat competes effectively through its high-capacity satellites and strong government relationships. Disadvantages include high capital expenditures and competition from terrestrial providers.
Major Acquisitions
Inmarsat
- Year: 2023
- Acquisition Price (USD millions): 7300
- Strategic Rationale: Expands global reach and enhances satellite capabilities, particularly in maritime and aviation sectors.
Growth Trajectory and Initiatives
Historical Growth: ViaSat has experienced revenue growth driven by increased broadband subscribers and government contracts. However, profitability has been impacted by high capital expenditures.
Future Projections: Analyst projections depend heavily on the successful integration of Inmarsat and the ramp-up of ViaSat-3 services. Projections suggest revenue growth but varying levels of profitability in the near term.
Recent Initiatives: Recent strategic initiatives include the acquisition of Inmarsat and the launch of the ViaSat-3 satellite constellation.
Summary
ViaSat is a major player in the satellite communications market, marked by high-capacity satellites and an enterprise market. Integrating Inmarsat will be crucial. The company needs to manage its capital expenditure and competitive pressures effectively. The launch of ViaSat-3 is expected to be a pivotal growth driver.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ViaSat Inc
Exchange NASDAQ | Headquaters Carlsbad, CA, United States | ||
IPO Launch date 1996-12-03 | Co-Founder, Chairman & CEO Mr. Mark D. Dankberg | ||
Sector Technology | Industry Communication Equipment | Full time employees 7000 | Website https://www.viasat.com |
Full time employees 7000 | Website https://www.viasat.com |
Viasat, Inc. provides broadband and communications products and services in the United States and internationally. It operates through Communication Services; and Defense and Advanced Technologies segments. The company offers satellite-based broadband and narrowband communications solutions; broadband services, including broadband internet access and voice over internet protocol; fixed and mobile broadband and narrowband services; develops and sells satellite, wireless products, and terminals; and design, develop, and produce space system solutions for geostationary, medium, and low earth orbit. It also provides in-flight connectivity, narrowband safety operational data, and other complementary services; multimedia connectivity for military and government; tactical and beyond-line-of-sight communications; intelligence surveillance and reconnaissance; L-band advanced communications element terminals; enterprise connectivity solutions; Internet-of-Things; and L-band managed, energy, and prepaid internet services. In addition, the company offers networking, cybersecurity, and information assurance products and services; high assurance internet protocol encryption solutions; MOJO expeditionary tactical gateway; government satellite communication systems, mobile and fixed broadband modems, ground and airborne terminals, antennas and gateways, Ka-band earth stations, and other multi-band/multi-function antennas, as well as design products for manpacks, aircraft, unmanned aerial vehicles, seagoing vessels, ground-mobile vehicles, space-based systems, and fixed applications. Further, it designs and develops GEO, LEO, and MEO satellites, payload, antenna technologies, and other small satellite platforms; develops commercial communication satellite product, orchestration of sovereign and multi-orbit solutions, and direct-to-device; and licenses intellectual property. Viasat, Inc. was incorporated in 1986 and is headquartered in Carlsbad, California.
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