On May 29, Viasat fell 5.77% in pre-market trading, trading at approximately $80.82/share, with trading volume of $49,200.

On the news front, the company released its fiscal fourth quarter and full-year financial results on May 28 after market close. Adjusted EPS came in at a loss of $0.02, significantly beating the analyst consensus estimate of a $0.36 loss by 94.44%. However, quarterly revenue of $1.171 billion fell short of the $1.196 billion market expectation.

Prior to the earnings release, Viasat shares had rallied over multiple consecutive trading sessions, driven by the announcement that its SwiftBroadband-Safety cockpit communication service surpassed 1,000 aircraft installations — a key milestone — combined with New Street Research initiating coverage with a Buy rating. The revenue miss served as a catalyst for profit-taking among holders who had accumulated gains during the preceding advance, leading to a reversal of bullish momentum.

Looking ahead, management guided for mid-single-digit year-over-year revenue growth in fiscal 2027, with adjusted EBITDA expected to remain flat or increase modestly.

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