ViaSat, Inc. (VSAT - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $64.11 to $65.12 in the past one month time frame.
The company's shares rose after it announced that it has extended its relationship with JetBlue, and will serve as the direct in-flight internet service provider to the airline.
The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
ViaSat currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Investors interested in the Wireless Equipment industry may also consider Sonus Networks, Inc. , which has a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Is VSAT going up? Or down? Predict to see what others think:Up or Down
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