Movement Alert|ViaSat Rises 5.51% in Regular Trading, New Street Research Initiated Coverage with Buy Rating

Market Focus
05/20

On May 20, ViaSat rose 5.51% in regular trading, reaching $74.47/share with trading volume of $27.12 million. The rally follows New Street Research's recent initiation of coverage on ViaSat with a Buy rating.

According to analyst consensus polled by FactSet, ViaSat currently holds an average overweight rating with a mean price target of $65.50. The stock is now trading well above the consensus target, reflecting strong investor confidence. Within the Communication Equipment sector, ViaSat significantly outperformed peers, with most sector constituents declining: Lumentum down 1.43%, Applied Optoelectronics down 2.53%, Nokia down 1.19%, Viavi Solutions down 0.87%, and Cisco up just 0.28%.

(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.)

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