On May 29, Viasat declined 5.04% overnight, trading at $82.32/share, with trading volume of $40,300.

On the news front, Viasat released its fourth quarter and fiscal year financial results on May 28 after market close. The company posted a fiscal Q4 adjusted loss of $0.02 per share, significantly beating the analyst consensus estimate of a $0.36 loss. However, quarterly revenue of $1.171 billion fell short of the $1.196 billion market expectation, triggering selling pressure.

The decline marks a reversal of a sustained multi-session rally that had been driven by dual catalysts: the company's SwiftBroadband-Safety cockpit safety communications service reaching a milestone of 1,000 aircraft installations — growing at an annualized rate of 42% with a target of 1,200+ by year-end — and New Street Research initiating coverage with a Buy rating. Having accumulated substantial gains over recent sessions, the revenue miss provided a catalyst for profit-taking, with prior bullish momentum entering a phase of exhaustion.

Looking ahead, the company guided for mid-single-digit year-over-year revenue growth and flat-to-slightly-higher adjusted EBITDA for the next fiscal year.

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