On May 26, Viasat rose 5.79% in pre-market trading, trading at $78.88/share, with trading volume of approximately $161,000. The advance extends a multi-session rally following New Street Research's initiation of coverage with a Buy rating.

New Street Research launched coverage on Viasat earlier in the week, assigning a bullish Buy rating that has served as a sustained catalyst for the stock. Since the initiation, Viasat has posted consecutive gains — rising 5.51% on May 20, 5.21% on May 22, and 8.28% overnight ahead of this session — reflecting strong investor momentum around the fresh analyst endorsement.

Additionally, the company announced it will release its fourth quarter and fiscal year financial results on May 28, with an accompanying earnings call and webcast. The upcoming earnings event may be further fueling pre-market activity as investors position ahead of the disclosure. Viasat is a global leader in satellite communications, providing broadband services across consumer, aviation, maritime, and government segments.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)