Seeking Alpha

ViaSat higher on pre-earnings Wells Fargo upgrade

  • "Sentiment and a lumpy business can create attractive buying opportunities in stocks, and we view this as one of those times for VSAT," writes Wells Fargo's Andrew Spinola, upgrading shares (VSAT +2.8%) to Outperform. His valuation range has been lifted by $5 to $70-$74.
  • Spinola thinks near-term expectations "have been adequately reset" ahead of Tuesday's FQ4 report, after ViaSat posted an FQ3 miss and disappointing sub growth in February.
  • He still considers ViaSat "one of the best-positioned companies in satellite broadband," and calls shares attractively valued at 9x FY16E EBITDA. A 23% EBITDA CAGR is forecast through FY18.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs