On May 22, Viasat rose 5.21% in regular trading, reaching $76.135/share with trading volume of $19.60 million, extending gains following a bullish analyst initiation earlier in the week.

The rally builds on momentum from New Street Research's initiation of coverage on Viasat with a Buy rating on May 20, which initially drove the stock up 5.51% to $74.47/share. The company is currently in a critical phase of its ViaSat-3 constellation deployment, with analysts identifying a clear earnings inflection point expected in 2027. Viasat currently trades at a P/S ratio of approximately 2.1x based on forward estimates, representing a premium over traditional satellite operators averaging 1.8x, with the premium attributed to ViaSat-3 constellation value and defense business growth potential.

Within the Communication Equipment sector, Nokia Oyj led gains at 7.44%, while Arista Networks rose 2.38% and Cisco gained 1.86%. Applied Optoelectronics declined 3.7% and Lumentum fell 2.15%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)