What Makes ViaSat Stock A Good Bet Despite Its 94% Rally?:
Timeline of 2007-08 Crisis9/1/2008 - 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing 12/31/2009: Initial recovery to levels before accelerated decline We see VSAT stock declined from levels of over $31 in September 2007 to levels of around $18 in March 2009 , implying VSAT stock lost 42% from its approximate pre-crisis peak. It recovered post the 2008 crisis, to levels of $32 in early 2010, rising by 74% between March 2009 and January 2010.
VSAT revenues increased from $1.6 billion in 2017 to $2.3 billion in 2020, due to overall growth in revenue across segments – products, satellite services, commercial networks and government systems. Despite higher revenue, earnings decreased from $0.45 in 2017 to $0.00 in 2020 due to higher cost of operations and increase in interest expense.VSAT’s total debt increased from $0.8 billion in 2017 to $1.
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