Stock selloff of satellite broadband company ViaSat ‘largely driven by emotion,’ analyst says

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Viasat’s stock plunged more than 28% on Thursday after the communications company disclosed a problem that could affect one of its satellites.

Viasat Inc.’s stock plunged more than 28% on Thursday after the communications company disclosed a problem that could affect one of its satellites.

But William Blair analyst Louie DiPalma said that the satellite setback, while frustrating, has prompted an outsized reaction. “We believe this stock selloff is largely driven by emotion as there are a number of mitigating factors that soften the blow,” he wrote in a note Thursday, adding that insurance and ViaSat’s acquisition of Inmarsat will lessen any impact.

Related: Viasat’s stock soars after $2 billion deal to sell Link 16 TDL business to reduce debt, boost liquidity

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney shares advance as Iger contract extended, Viasat shares plunge on satellite issues and more stocks on the moveWalt Disney, Viasat and MillerKnoll are among the stocks on the move.
Source: MarketWatch - 🏆 3. / 97 Read more »