Fri, Nov. 18, 12:37 PM
- Large-cap names with 5x their normal volume:
- ASML Holding (ASML +1.7%)
- The Gap (GPS -16.5%)
- Mid-caps with 5x their normal volume:
- HRG Group (HRG +3.8%)
- Grand Canyon Education (LOPE -0.1%)
- Marvell Tech (MRVL +8.8%)
- Nuance Communication (NUAN +9.6%)
- Post Holdings (POST -2.1%)
- Regal Entertainment (RGC -2.2%)
- ViaSat (VSAT +4.9%)
Fri, Nov. 18, 9:39 AM
- ViaSat (NASDAQ:VSAT) is up 3.7% to $72.29 after announcing it priced a public offering at $69.74.
- That's yesterday's closing price; shares had fallen on Wednesday and Thursday after news of the offering.
- The closing of the sale is expected on Wednesday. Gross proceeds of about $436.9M will be used for general purposes.
Wed, Nov. 16, 3:31 PM
Wed, Nov. 16, 3:01 PM
Wed, Nov. 16, 9:17 AM
- Gainers: GLBS +58%. SINO +45%. GSL +39%. DCIX +39%. STEM +30%. ESEA +22%. SHIP +20%. NM +19%. DAC +19%. ORIG +19%. LEI +18%. TOPS +16%. NMM +18%. SB +15%. SBLK +11%. DSX +9%. JKS +9%. GNK +9%. YRD +7%. TGT +8%. GOGL 8%. EGLE 6%. SAEX 7%. RPRX 7%. NNA 7%. HTBX 7%. NAK 6%.
- Losers: PDLI -15%. LNTH -11%. FLXN -9%. AQMS -7%. VSAT -6%. SID -5%.
Tue, Nov. 15, 5:09 PM
- ViaSat (VSAT +0.3%) is off 2.8% after hours after word of a proposed public offering of 6.5M of its shares.
- The company will grant underwriters a 30-day greenshoe option for another 975,000 shares.
- With after-hours price at $78.50, gross proceeds could come to nearly $586.8M. The company intends to use net proceeds for general purposes, which might include acquisitions or joint ventures as well as financing satellites.
- BofA Merrill Lynch, J.P. Morgan, Credit Suisse and Morgan Stanley are joint book-runners.
Mon, Nov. 14, 9:36 AM
- In-flight connectivity provider ViaSat (VSAT +0.2%) has acquired Arconics and its connected aircraft software platform.
- That comes via the Arconics App Suite, a system that incorporates In-Flight Entertainment as well as management solutions including Electronic Flight Bag, Airline Document Management and Cabin Management.
- The acquisition brings a complementary set of customers as well, including Qatar Airways, Cathay Pacific, Ryanair, Aer Lingus, Philippine Airlines, Tigerair Australia and SpiceJet.
- Terms were undisclosed. The deal's not expected to materially affect non-GAAP earnings, but ViaSat hasn't determined the impact to GAAP earnings.
Wed, Nov. 9, 1:08 PM
- ViaSat (NASDAQ:VSAT) is zooming, +8.7%, and Gogo (NASDAQ:GOGO) is sliding 4.5% as American Airlines boosts its order with ViaSat to include faster Wi-Fi for 500 more domestic aircraft.
- American had split an order between the two this summer: 100 new Boeing 737 Max planes to be outfitted by ViaSat, and 130 Airbus A319s and A320s to get Gogo's 2Ku satellite service. But Gogo warned this summer that some 550 planes were "subject to deinstallation at any time at American's option."
- Gogo will still be deploying on other domestic aircraft, American says, and Panasonic (OTCPK:PCRFY) will keep servicing the international wide-body aircraft.
- Gogo calls the move "old news" and says "it doesn't change our business outlook and financial guidance."
Tue, Nov. 8, 5:40 PM
Tue, Nov. 8, 5:17 PM
- ViaSat (VSAT +0.6%) is up 3.6% after hours following a strong beat with its fiscal Q2 earnings.
- The company tallied a record backlog in its Government Systems segment and hit record revenues in Satellite Services. Net income more than doubled to $11M on a GAAP basis, and grew 37% to $20.3M on an adjusted basis.
- EBITDA rose 7.7% to $93.2M and beat an expected $87.8M.
- Revenue by segment: Satellite Services, $156.3M (up 11.5%); Commercial Networks, $65.5M (down 1.4%); Government systems, $177.4M (up 20.9%).
- Along with results, the company said it's been selected by a North American airline to retrofit more than 500 aircraft from its mainline fleet with ViaSat's in-flight Internet. That installation is expected to begin next summer.
- Press Release
Tue, Nov. 8, 4:12 PM
Mon, Nov. 7, 5:35 PM
Wed, Sep. 28, 10:52 AM
- Facing faster rollouts from competitors including ViaSat (VSAT +0.4%), Panasonic (OTCPK:PCRFY -0.9%) and Global Eagle (ENT +0.1%), airborne Internet firm Gogo (GOGO +2.4%) is working on overhauling its burdened network, but it will take a couple of years.
- An upgrade to its ground-based systems will call for new equipment all around, and therefore won't be ready until 2018. Newer competitors are stealing a bit of Gogo's thunder by launching faster (and cheaper) than what's available on Gogo's pioneering platform, which began building out even before the introduction of the iPhone.
- An upgrade based on LTE wireless technology should deliver 100 Mbps to each plane, vs. Gogo's current ground-heavy system that delivers about 10 Mbps to the plane (shared among all passengers).
- Meanwhile, Gogo must work to hold customers as satellite solutions (including its own) take hold. Shares have fallen 29.4% YTD.
- It's been one of the most shorted stocks in the Russell 3000.
- Release: Gogo announces its next-generation ground network
Mon, Sep. 19, 11:47 AM
- ViaSat (VSAT +2.1%) has won a $33.3M contract with the government, for the Protected Tactical Service Field Demonstration.
- The deal is a cost-plus-incentive fee contract, and ViaSat prevailed among five bids. The technology provides wideband anti-jam communications across government and commercial satellites.
- Such technology can help U.S. military forces stay connected. The government can move more rapidly with off-the-shelf systems and using the commercial satellite fleet.
- Work on the contract will be done at Carlsbad, Calif., and is expected to be completed by September 2020.
Thu, Sep. 8, 8:27 PM
- Scandinavian air carrier SAS is partnering with ViaSat (NASDAQ:VSAT) to upgrade its short- and medium-haul fleet, the connectivity provider says.
- SAS is investing 500M Swedish Krona (about $59.3M) across those craft, from installing ViaSat Wi-Fi (of 12 Mbps speeds and up on board) to full cabin upgrades.
- Similar upgrades to the airline's long-haul fleet "gained a very positive reception" and SAS wants to bring that fleetwide as well as advance their own crew-based solutions.
Wed, Sep. 7, 6:36 PM
- As part of a Navy contract, ViaSat (NASDAQ:VSAT) is upgrading Internet speeds and service for Navy Exchange customers at Guantanamo Bay.
- A managed Wi-Fi network service will increase speeds "significantly" on the base. ViaSat will upgrade local infrastructure to support it and offer TV and Wi-Fi across a variety of Navy facilities.
- Once local telecom equipment is upgraded, ViaSat will use a cloud-based managed Wi-Fi services platform to support more wireless devices per access point, it says.