Send me real-time posts from this site at my email
Zacks

Viasat Deploys Premium Residential Internet Service in Brazil

In a bid to reinforce seamless networking infrastructure, Viasat, Inc. VSAT recently announced the deployment of high-quality residential Internet connectivity services in Brazil. The communications service provider will capitalize on the bandwidth facility from Telebras’ SGDC-1 satellite to deliver avant-garde satellite Internet services across the country. With the launch, Brazilian customers will have the privilege to subscribe to a premium home satellite Internet service via data packages up to 80 GB per month with speeds reaching a mark of up to 20 Mbps.

Since 2018, Viasat has been working to bridge the digital gap in Brazil with residents lacking a first-hand access to a reliable and streamlined broadband Internet connection. Markedly, the company is working in tandem with its strategic partner, Telebras, to create local jobs as well as support educational institutions and healthcare with seamless connectivity solutions. With the help of SGDC-1 satellite, the company’s scalable and accessible network covers almost all the areas of Brazil and empowers communities with digital equality, both socially and economically.

The new residential Internet service will be initially available across eight states — Rio de Janeiro, Pernambuco, São Paulo, Minas Gerais, Rio Grande do Sul, Amazonas, Paraná and Federal District. Apart from providing faster speeds, the residential Internet service is equipped with strategically-priced service plans and offers free Internet from 2-7 am local time. Currently, the company is offering two service plans — Basic and Advanced. These service plans are equipped with distinctive features like web browsing and unlimited chat. To add to that, Viasat recently extended its partnership with Visiontec to help execute its residential service go-to-market strategy with utmost flexibility. The rollout is anticipated to be completed before the end of 2020.

Impressively, Viasat maintains a lead position in the satellite and wireless communications market. Encouragingly, a blue-chip customer base, which comprises the Department of Defense, civil agencies, allied foreign governments, satellite network integrators as well as large communications service providers and enterprises, adds to its strength. The company’s Government Systems segment is a major profit churner. Moreover, the impressive traction of Viasat 1-bandwith — its first communication satellite and the world's most cost-effective satellite bandwidth — is supporting the government and satellite business. It also partnered with various cloud computing providers across the globe to embed AI and ML features through its secure, high-speed and resilient global satellite communications network and line of sight tactical network technologies.

Viasat currently carries a Zacks Rank #3 (Hold). The stock has lost 18.3% against the industry’s growth of 17.7% in the past three months.



Some other better-ranked stocks in the broader industry are ADTRAN, Inc. ADTN, Calix, Inc. CALX and Bandwidth Inc. BAND. While ADTRAN and Calix sport a Zacks Rank #1 (Strong Buy), Bandwidth carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

ADTRAN’s bottom line surpassed the Zacks Consensus Estimate thrice in the last four quarters. The company has a trailing four-quarter positive earnings surprise of 8.5%, on average.

Calix’s bottom line surpassed the Zacks Consensus Estimate in the last four quarters. The company has a trailing four-quarter positive earnings surprise of 43%, on average.

Bandwidth’s bottom line surpassed the Zacks Consensus Estimate in the last four quarters. The company has a trailing four-quarter positive earnings surprise of 89.4%, on average.

5 Stocks to Soar Past the Pandemic

In addition to the companies you learned about above, we invite you to learn about 5 cutting-edge stocks that could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of the decade.

See the 5 high-tech stocks now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
ADTRAN, Inc. (ADTN): Free Stock Analysis Report
 
Calix, Inc (CALX): Free Stock Analysis Report
 
Viasat Inc. (VSAT): Free Stock Analysis Report
 
Bandwidth Inc. (BAND): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue