Weakness Seen in ViaSat (VSAT): Stock Tanks 8.1% - Tale of the Tape - Juniper Networks (NYSE:JNPR), InterDigital (NASDAQ:IDCC)

ViaSat Inc. VSAT saw a big move in the last trading session, as the company's shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for VSAT, as the stock is nearly 20% in the last one month.

The company, a maker of advanced digital satellite telecommunications and other networking and signal processing equipment, has not seen any estimate revision over the past month, and the current year earnings consensus hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

VSAT currently holds a Zacks Rank #3 (Hold).

Investors interested in the Wireless Equipment industry may consider better-ranked stocks like Juniper Networks, Inc. JNPR, InterDigital, Inc. IDCC and Ubiquiti Networks, Inc. UBNT. Each of these stocks carries a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.

Click to get this free report

VIASAT INC VSAT: Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Market News and Data brought to you by Benzinga APIs