On May 29, Viasat fell 5.64% in regular trading, trading at $82.38/share, with trading volume of $38.04 million.

The decline was triggered by the company's fiscal Q4 earnings report released on May 28 after market close. While adjusted EPS of -$0.02 significantly beat the consensus estimate of -$0.36, quarterly revenue of $1.171 billion fell short of the $1.196 billion market expectation. Additionally, the company guided for mid-single-digit year-over-year revenue growth in fiscal year 2027, with adjusted EBITDA expected to remain flat or increase slightly — a relatively conservative outlook.

Prior to the earnings release, Viasat had rallied sharply over multiple consecutive sessions, driven by the milestone announcement that its SwiftBroadband-Safety cockpit safety communications service surpassed 1,000 aircraft installations — growing at an annual rate of 42% — combined with New Street Research initiating coverage with a buy rating. The revenue shortfall triggered a reversal of the accumulated bullish momentum, with concentrated profit-taking pressure emerging. Notably, B.Riley raised its price target on Viasat to $106 from $94 while maintaining a buy rating.

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