Why Did Viasat Stock Crash Today?

Viasat (NASDAQ: VSAT) stock, the outer communications company, tumbled 11.9% done 12:35 p.m. ET Monday. That's the atrocious news.

The bully quality is that there's nary evident catalyst for the sell-off -- the opposite, actually.

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Lockheed Martin picks Viasat

Viasat announced this greeting that Lockheed Martin (NYSE: LMT) has subcontracted Viasat to supply high-bandwidth Hybrid SATCOM Approach exertion for 2 National Oceanic and Atmospheric Administration (NOAA) C-130J Hercules "Hurricane Hunter" craft that Lockheed is building. This volition let the airplanes to pass with satellites via Viasat's Ku/Ka broadband antenna.

Furthermore, "additional" craft whitethorn beryllium required beyond the archetypal two, meaning Viasat could get adjacent much enactment from Lockheed down the road.

No worth was stated for the archetypal subcontract, nor for the optional enactment that mightiness follow, making it hard to gauge precisely however overmuch this declaration moves the needle for Viasat stock.

Needham picks Viasat, excessively

Separately, Needham expert Ryan Koontz raised his terms people connected Viasat banal this greeting to $90 per share, implying a 25% summation implicit the adjacent 12 months.

As StreetInsider.com reports, Koontz emphasized Viasat's spectrum assets arsenic cardinal to his placing specified precocious worth connected the banal (should Viasat determine to merchantability them). Additionally, Koontz highlighted Viasat's defence concern and its "pending planetary JV Equatys" arsenic maturation drivers. The second refers to a program for Viasat to spouse with a institution called "Space42" successful the United Arab Emirates, to connection 5G compartment work and direct-to-device (D2D -- much commonly known arsenic direct-to-cell oregon DTC) connectivity from space.

That's the measure lawsuit for Viasat, astatine least. And the bear?

Viasat has mislaid wealth for six consecutive years, and astir analysts spot it continuing to suffer wealth for astatine slightest the adjacent four. That doesn't look to interest Needham -- but it does interest me!

Should you bargain banal successful Viasat close now?

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