Boston, MA 05/20/2013 (wallstreetpr) – Friday’s trading session saw ViaSat, Inc (NASDAQ:VSAT) climbing up by 19.34%. It opened at a price of $61.45 which reached an intraday high of $72.49 before heading down to close at $61.40 per share. In excess of 1.79 million shares exchanged hands in the previous trading session, which was above the average volume of 0.238 million that was measured over a 30-day period.
Towards the end of last week, ViaSat, Inc (NASDAQ:VSAT) reported its adjusted earnings per share of $0.19 for the fourth-quarter. This is in comparison to the $0.01 loss that it had incurred in the same quarter in 2012. The average analyst estimate for the current quarter’s earnings per share was $0.02. ViaSat gapped up on Friday and rose steeply over the first half hour of trading. The VSAT stock ended the day on strong volume. The company has been climbing for more than two weeks. It rose to a new high for the current year.
ViaSat, Inc (NASDAQ:VSAT) is a mobile broadband services and high-speed fixed services provider. It has advanced wireless and satellite networks as well as secure networking, products, systems and services. It operates in three different segments: commercial networks, satellite services and government systems. In 2011 October VSAT’s ViaSat-1, Ka-band spot-beam satellite was launched into orbit. The satellite operation was handed over by the manufacturer to the company in 2011 December. This followed the completion of the in-orbit testing that was being conducted by the manufacturer. In 2012 January, it began the commercial operation of the ViaSat-1-based Exede broadband-internet services. In 2013 April, VSAT acquired LonoCloud Inc.
