Viasat stock falls after earnings but Wall Street stays put
Viasat shares fell 9.63% to $72.86 Monday, deepening a two-day slide to nearly 16% despite a new Lockheed Martin contract for NOAA’s C-130J “Hurricane Hunter” planes. Needham maintained its Buy rating and $90 target. Investors questioned if recent gains matched near-term earnings. The S&P 500 ETF rose 0.2% in early trading.