Viasat (VSAT) shares plunged 7% on Friday after the company reported disappointing fiscal Q4 results and amid broader pullbacks in the space-tech sector following a failed Blue Origin rocket launch. The stock had dipped as much as 12.9% during the session, reflecting investor concerns over Viasat’s unexpected non-GAAP loss of $0.02 per share and revenue that fell $30 million short of Wall Street expectations at $1.17 billion.
The disappointing earnings report and cautious forward guidance have raised red flags for investors. Viasat anticipates only mid-single-digit revenue growth for the 2027 fiscal year, with adjusted EBITDA expected to remain flat or increase slightly. This outlook contrasts sharply with the bullish sentiment previously surrounding space-tech stocks, which may lead to increased volatility for Viasat in the near term.
Market professionals should monitor Viasat’s performance closely, as the combination of lackluster earnings and sector-wide valuation adjustments could signal further challenges ahead for the company and its peers in the space-tech industry.
Source: fool.com