Viasat, Inc. VSAT recently launched the fastest satellite Internet service for businesses across the United States. It is offering unlimited and metered data plan services with download speed ranging from 35 Megabits per second (Mbps) across most parts of the nation to 100 Mbps in select areas.
The global communications company had launched the commercial service of ViaSat-2 in the fourth quarter of fiscal 2018, which helped it become the first satellite Internet service provider globally to offer plans with download speeds of up to 100 Mbps.
Businesses across the nation expect an Internet service that can support their sales and operational needs anywhere. The ViaSat-2 service provides broadband speed across all plans with better coverage and enables businesses to stay connected for increased profitability. With the company’s broadband Internet plans, firms in far locations can leverage essential business applications.
The ViaSat-2 satellite system includes the most advanced and highest-capacity communications satellite in orbit today. Viasat broadband business Internet offers a more resilient backup connection for businesses in urban locations. It offers customers, who are out of the reach of cable or fiber connections, high-quality access to Internet speeds up to 10 times faster than Digital Subscriber Line and up to 65 times faster than a T1 connection.
Viasat maintains a leading position in the satellite and wireless communications market. Rapid proliferation of the smartphone market and usage of mobile broadband have fueled the demand for network tuning and optimization to maintain high data traffic. The company continues to attract millions of U.S. consumers through its high-quality broadband service.
However, the stock has lost 5% against the industry’s growth of 6% in the past three months. Whether the new and faster satellite system will be able to drive the shares higher in future remains to be seen.
Some top-ranked stocks in the industry are Comtech Telecommunications Corp. CMTL, Motorola Solutions, Inc. MSI and Ubiquiti Networks, Inc. UBNT. While Comtech and Motorola sport a Zacks Rank #1 (Strong Buy), Ubiquiti carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Comtech has a long-term earnings growth expectation of 5%. It beat earnings estimates in each of the trailing four quarters, the average being 123.7%.
Motorola has a long-term earnings growth expectation of 8%. It beat earnings estimates in each of the trailing four quarters, the average being 12.1%.
Ubiquiti has a long-term earnings growth expectation of 18.6%. It exceeded earnings estimates thrice in the trailing four quarters with an average positive surprise of 8.9%.
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