On July 29, Viasat fell 5.44% in regular trading, trading at $70.43/share, with turnover of $16.61 million. The decline extends consecutive sessions of selling pressure as the communication equipment sector experienced broad-based weakness.

Within the Communication Equipment sector where Viasat belongs, multiple peers posted significant losses. Among individual stocks, Applied Optoelectronics down 7.94%, Lumentum down 5.7%, Nokia down 4.42%, Ciena down 3.59%, while Cisco posted a marginal gain of 0.22%. The sector-wide downturn has weighed on Viasat for a second consecutive session, following a 5.7% decline on July 28 amid similar industry headwinds.

Separately, the company announced it will release its first quarter fiscal year 2027 financial results on August 4 via conference call and webcast. Viasat had previously reported fiscal Q4 adjusted EPS of $(0.02), beating the consensus estimate of $(0.36), and guided for mid-single-digit revenue growth in fiscal year 2027.

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