Previous Close | 0.0500 |
Open | 0.0500 |
Bid | 0.0000 |
Ask | 0.0500 |
Strike | 26.00 |
Expire Date | 2024-05-17 |
Day's Range | 0.0500 - 0.0500 |
Contract Range | N/A |
Volume | |
Open Interest | 1.84k |
The company said it expects revenue from its satellite services to decline in low to mid-single digits as its U.S. fixed broadband business faces competition from wireless carriers such as T-Mobile US that offers cheaper plans. As a result, Viasat has been shifting its focus from fixed broadband to mobility business that provides satellite-based connectivity solutions to governments across sectors. However, an uncertain economy and intense competition from rival satellite service providers such as Starlink have weighed on Viasat.
Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today published its fourth quarter and fiscal year 2024 financial results in a letter to shareholders, which is now posted to the Investor Relations section of the website.
Viasat's (VSAT) NexusWave aims to provide consistent performance, eliminating the need for multiple disjointed solutions traditionally used in maritime operations.