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2018-04-06 08:11:55 VSAT ViaSat $63.75 -3.29 (-4.91%) 08:11 04/06/18 04/06 08:11 04/06/18 08:11	ViaSat says will not be moving forward with Eutelsat Communications deal Viasat confirmed it will not be moving forward with Eutelsat Communications on a deal for use of the ViaSat-3 satellite, due to Eutelsat's decision to pursue a local market alternative. As there was no binding agreement with Eutelsat for the ViaSat-3 EMEA satellite, Viasat's capital plan is not dependent on Eutelsat's participation to proceed with the ViaSat-3 program. Viasat also confirmed that Eutelsat's ViaSat-3 decision has no direct impact on existing contracts. Baldridge continued, "The current Viasat / Eutelsat joint venture, which has been in operation for more than one year, will continue to be governed under the existing agreements. Viasat's joint ownership of the KA-SAT satellite is currently serving Viasat's commercial aviation and government customers as well as direct-to-home residential subscribers throughout Europe."	11 Apr
VSAT ViaSat $63.75 -3.29 (-4.91%) 03/27/18 RBCM 03/27/18 NO CHANGE Target $52 RBCM Underperform ViaSat price target raised to $52 from $46 at RBC Capital RBC Capital analyst Wilton Fry raised his price target on ViaSat to $52 but kept his Underperform rating, stating that while it is a "very well run growth company", the stock is "priced to perfection". Fry adds that Viasat's reporting history shows a pattern of disappointment and believes that FY19 consensus for EBITDA will have to come down as the company loses market share to Hughes and as its commercial business installation of equipment on aircraft is pushed back. Among the positive catalysts, the analyst points to the company's launch of commercial service of its ViaSat-2 satellite in early February leading to operational improvement. 03/29/18 LEHM 03/29/18 DOWNGRADE Target $60 LEHM Underweight ViaSat downgraded to Underweight from Equal Weight at Barclays Barclays analyst Mathieu Robilliard downgraded ViaSat to Underweight and lowered his price target for the shares to $60 from $75. 03/29/18 LEHM 03/29/18 DOWNGRADE Target $60 LEHM Underweight Barclays downgrades ViaSat to Underweight on satellite oversupply risk Barclays analyst Mathieu Robilliard downgraded ViaSat to Underweight from Equal Weight and cut his price target for the shares to $60 from $75. The analyst sees see continued risk for oversupply in the satellite industry. The sector stock price performance has started to reflect these concerns, apart from ViaSat which has outperformed peers, Robilliard tells investors in a research note. He believes the current stock price reflects assumptions that are too optimistic. ViaSat "could well be one of the winners in the industry but we consider the risk/reward as unattractive," Robilliard writes. 03/29/18 03/29/18 DOWNGRADE On The Fly: Top five analyst downgrades Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. GameStop (GME) downgraded to Underperform from Neutral at BofA/Merrill by analyst Curtis nagle, who said he no longer believes GameStop's non-gaming segments will be sources of growth or earnings over the next few years and cut estimates well below the Street for 2018. He expects increased earnings pressure in 2019 and beyond as strong sales from the Nintendo Switch and Collectibles expansion, and lower tax rate are lapped. 2. Cloud Peak Energy (CLD) downgraded to Underweight from Neutral at JPMorgan by analyst John Bridges, saying he sees higher risk for the company from lower natural gas prices as production ramps up from the Permian basin. He also believes Cloud Peak has a "lesser diversified production profile" with exposure to thermal coal only. 3. Starbucks (SBUX) downgraded to Neutral from Outperform at Wedbush. 4. ViaSat (VSAT) downgraded to Underweight from Equal Weight at Barclays by analyst Mathieu Robilliard. The analyst sees see continued risk for oversupply in the satellite industry. The sector stock price performance has started to reflect these concerns, apart from ViaSat which has outperformed peers, Robilliard said, adding that he believes the current stock price reflects assumptions that are too optimistic. 5. DiamondRock (DRH) downgraded to Underperform from Neutral at Boenning & Scattergood by analyst Floris van Dijkum following share strength related to the LaSalle Hotel (LHO) bid announcement as he believes shares are not overly discounted relative to hotel peers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

2018-04-06 08:11:55

VSAT

ViaSat

$63.75: -3.29 (-4.91%)

08:11

04/06/18

04/06

08:11

04/06/18

08:11

ViaSat says will not be moving forward with Eutelsat Communications deal

Viasat confirmed it will not be moving forward with Eutelsat Communications on a deal for use of the ViaSat-3 satellite, due to Eutelsat's decision to pursue a local market alternative. As there was no binding agreement with Eutelsat for the ViaSat-3 EMEA satellite, Viasat's capital plan is not dependent on Eutelsat's participation to proceed with the ViaSat-3 program. Viasat also confirmed that Eutelsat's ViaSat-3 decision has no direct impact on existing contracts. Baldridge continued, "The current Viasat / Eutelsat joint venture, which has been in operation for more than one year, will continue to be governed under the existing agreements. Viasat's joint ownership of the KA-SAT satellite is currently serving Viasat's commercial aviation and government customers as well as direct-to-home residential subscribers throughout Europe."

11
Apr

VSAT ViaSat

$63.75: -3.29 (-4.91%)

03/27/18: RBCM

03/29/18: LEHM

03/29/18: LEHM

03/29/18

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ViaSat says will not be moving forward with Eutelsat Communications deal

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