Mark J. Miller, Executive Vice President and Chief Technical Officer of Viasat Inc. (NASDAQ:VSAT), a company with a market capitalization of $1.2 billion, has recently sold 3,564 shares of the company's common stock. The transaction, which took place on December 12, 2024, was executed at a price of $9.21 per share, amounting to a total sale value of $32,824. Following this transaction, Miller holds 350,351 shares indirectly through a trust. The sale was disclosed in a Form 4 filing with the Securities and Exchange Commission. According to InvestingPro data, Viasat's stock has fallen over 64% in the past year, trading significantly below its 52-week high of $29.11. InvestingPro analysis suggests the stock is currently undervalued, with 10 additional ProTips available to subscribers examining the company's financial health and market position.
In other recent news, Viasat Inc. has been making significant strides in its operations. The company reported a slight decrease in revenues in Q2 2025, with earnings of $1.12 billion compared to the previous year's $1.13 billion. However, Viasat's net loss saw a considerable improvement, falling to $138 million from a previous $767 million. Record contract awards of approximately $1.3 billion, driven by Defense and Advanced Technologies, were also highlighted.
In collaboration with Altán, a Mexican telecommunications wholesaler, Viasat launched a new broadband service in Mexico. This service integrates satellite and wireless LTE technologies to provide internet connectivity, particularly targeting previously uncovered areas. The service is now available in 13 states, reaching over 150,000 individuals.
Despite facing market challenges, Viasat's fiscal '25 outlook remains steady with expected revenue to be flat to slightly up year-over-year and adjusted EBITDA growth in the mid-single digits. Analysts from various firms have noted the company's strategic approach to navigating a complex market. These developments indicate that Viasat is making calculated moves to strengthen its position in the industry.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.