Viasat, Inc. Responds to Shareholder Input from Carronade Capital Management

Viasat responds to shareholder feedback, emphasizing commitment to maximizing shareholder value and ongoing dialogue with stakeholders.

Quiver AI Summary

Viasat, Inc., a prominent satellite communications company, has issued a statement responding to a letter from Carronade Capital Management, emphasizing its ongoing dialogue with shareholders and openness to constructive input aimed at enhancing shareholder value. The company asserts its strong positioning in global satellite infrastructure and connectivity markets, including in-flight and military communications. Viasat’s Board of Directors and management are dedicated to maximizing long-term shareholder value through strategic initiatives that focus on earnings growth, sustainable cash flow, and portfolio optimization. The company also highlighted its mission to connect people and things worldwide and recently completed its acquisition of Inmarsat to strengthen its capabilities.

Potential Positives

Viasat emphasizes its commitment to engaging with shareholders and considers constructive feedback, indicating a collaborative approach to maximizing shareholder value.
The company highlights its strong position in various sectors, including satellite infrastructure and military communications, which indicates a robust business foundation.
Viasat's focus on executing its strategy to enhance earnings power and sustainable cash flow demonstrates a proactive approach to financial health and shareholder returns.
The completion of the Inmarsat acquisition in May 2023 enhances Viasat's capabilities and position as a global communications leader, contributing to its growth potential.

Potential Negatives

The company is responding to a letter from Carronade Capital Management, which may indicate shareholder dissatisfaction or pressure for change.
The need to evaluate Carronade’s ideas suggests a recognition of potential shortcomings in the current strategy, raising questions about management's effectiveness.
The emphasis on maximizing shareholder value and strengthening earnings power could imply that past performance has not met expectations, leading to increased scrutiny from investors.

FAQ

What is Viasat's response to Carronade Capital Management?

Viasat welcomes Carronade's input and focuses on maximizing shareholder value through dialogue and strategic execution.

How does Viasat position itself in the satellite communications market?

Viasat is a leader in satellite infrastructure and connectivity, competing globally in various communication sectors.

What is Viasat's strategy for long-term shareholder value?

The strategy includes strengthening earnings power, delivering sustainable cash flow, and reviewing the portfolio.

What recent acquisition did Viasat complete?

In May 2023, Viasat completed the acquisition of Inmarsat to enhance global communications capabilities.

Where can I find more information about Viasat?

More information can be found at www.viasat.com and through their various social media platforms.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$VSAT Congressional Stock Trading

Members of Congress have traded $VSAT stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $VSAT stock by members of Congress over the last 6 months:

REPRESENTATIVE DEBBIE WASSERMAN SCHULTZ sold up to $15,000 on 07/18.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$VSAT Insider Trading Activity

$VSAT insiders have traded $VSAT stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $VSAT stock by insiders over the last 6 months:

TEACHERS PENSION PLAN BOARD ONTARIO sold 3,750,000 shares for an estimated $33,750,000
INVESTMENT BOARD PRIVATE HOLDINGS (4) INC. CPP sold 3,750,000 shares for an estimated $33,750,000
LUXTOPHOLDING SARL TRITON sold 3,750,000 shares for an estimated $33,750,000

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$VSAT Hedge Fund Activity

We have seen 141 institutional investors add shares of $VSAT stock to their portfolio, and 108 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

OCO CAPITAL PARTNERS, L.P. added 3,750,000 shares (+inf%) to their portfolio in Q1 2025, for an estimated $39,075,000
ONTARIO TEACHERS PENSION PLAN BOARD removed 3,750,000 shares (-43.9%) from their portfolio in Q1 2025, for an estimated $39,075,000
CANADA PENSION PLAN INVESTMENT BOARD removed 3,750,000 shares (-43.9%) from their portfolio in Q1 2025, for an estimated $39,075,000
LONG FOCUS CAPITAL MANAGEMENT, LLC added 2,370,000 shares (+inf%) to their portfolio in Q1 2025, for an estimated $24,695,400
MORGAN STANLEY added 2,133,987 shares (+88.5%) to their portfolio in Q1 2025, for an estimated $22,236,144
BAUPOST GROUP LLC/MA removed 2,031,862 shares (-16.6%) from their portfolio in Q1 2025, for an estimated $21,172,002
MILLENNIUM MANAGEMENT LLC added 1,206,935 shares (+673.7%) to their portfolio in Q1 2025, for an estimated $12,576,262

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$VSAT Analyst Ratings

Wall Street analysts have issued reports on $VSAT in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Deutsche Bank issued a "Buy" rating on 06/17/2025
B. Riley Securities issued a "Buy" rating on 05/27/2025
Needham issued a "Buy" rating on 05/22/2025

To track analyst ratings and price targets for $VSAT, check out Quiver Quantitative's $VSAT forecast page.

$VSAT Price Targets

Multiple analysts have issued price targets for $VSAT recently. We have seen 5 analysts offer price targets for $VSAT in the last 6 months, with a median target of $16.0.

Here are some recent targets:

Edison Yu from Deutsche Bank set a target price of $16.0 on 06/17/2025
Mike Crawford from B. Riley Securities set a target price of $52.0 on 05/27/2025
Ryan Koontz from Needham set a target price of $16.0 on 05/22/2025
Mathieu Robilliard from Barclays set a target price of $10.0 on 02/26/2025
Noel Parks from Morgan Stanley set a target price of $12.0 on 02/04/2025

Full Release

CARLSBAD, Calif., Aug. 01, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ:VSAT) (“Viasat” or “the Company”), a global leader in satellite communications, today issued the following statement in response to a letter from Carronade Capital Management.

"Viasat consistently engages in dialogue with its shareholders and welcomes constructive input focused on maximizing shareholder value. As a leader in satellite infrastructure and connectivity, in-flight connectivity and critical military and government communication, Viasat is well-positioned to compete globally.

The Company’s Board of Directors and management team are committed to acting in the best interests of all shareholders. We are focused on executing Viasat’s strategy to strengthen our franchises’ earnings power, deliver sustainable, compelling operating and free cash flow, and reduce leverage while we review our portfolio to maximize long-term shareholder value.

The Board and management team will carefully evaluate Carronade’s ideas. We look forward to continuing a constructive and collaborative dialogue with all our stakeholders, including Carronade.”

About Viasat
Viasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people's lives anywhere they are—on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com , the Viasat News Room or follow us on LinkedIn , X , Instagram , Facebook , Bluesky , Threads , and YouTube .

Viasat, Inc. Contacts
Lisa Curran, Investor Relations, +1 (760) 476-2633, [email protected]
Peter Siwinski, Danya Al-Qattan, Kelsey Markovich, FGS Global, +1 (415) 618-8750, [email protected]