VSAT Meets FQ3 Expectations On Lower Tax Rate

Analysts at Oppenheimer & Co maintain their "perform" rating on ViaSat Inc (NASDAQ: VSAT). The target price for VSAT is set to $33.

According to Oppenheimer & Co, ViaSat’s FQ3 EPS was inline with the estimates, helped by lower than expected tax expenses. “Quality of earnings in the quarter was relatively low as segment earnings tracked $0.14 behind our target, offset primarily by lower taxes,” the analysts say.

“Looking forward, the company's outlook from here is a match with our operational thinking; however, we are somewhat more cautious on the near term given the delays seen by the company in the quarter,” the analysts add.

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