Earnings estimates for the current and next fiscal for Viasat Inc. (VSAT – Free Report) have surged 140% and 461.5%, respectively, over the past year, making it one of the best performers in the Zacks Wireless Equipment industry. It has a long-term earnings growth expectation of 15.8%. With healthy fundamentals, this Zacks Rank #2 (Buy) stock appears to be a solid investment option for investors at the moment. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Growth Drivers
Viasat enjoys a leading position in the satellite and wireless communications market. With the rapid proliferation of the smartphone market and usage of mobile broadband, the user demand for coverage speed and quality has increased, which in turn is fueling the demand for network tuning and optimization to maintain high data traffic. The company…
