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Fly News Breaks for February 4, 2020
VSAT
Feb 4, 2020 | 09:03 EDT
B. Riley FBR analyst Mike Crawford contends that "no one can match Viasat's ability to deliver abundant, on-target bandwidth" and he believes the company's "evident success stands in stark contrast" to its stock price near 52-week lows. If investors are worried about forthcoming capacity from terrestrial and/or low Earth orbiting, or "LEO," constellations cutting into Viasat's potential economic returns from its geostationary satellites, he believes any such concerns are misguided, Crawford added. The analyst, who thinks Viasat's Satellite Services segment alone could grow to $3B revenue and $1.2B EBITDA, keeps a a Buy rating and $145 price target on the stock ahead of the company's earnings report on February 6.
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