VSAT Stock Recent News

CNBC's Michael Sheetz joins 'Power Lunch' to discuss Viasat after the company's stock plunges toward worst day ever after new satellite malfunctions.

Viasat announced last night that its new ViaSat-3 satellite has suffered an anomaly. The company's newest satellite may even be inoperable, costing the company as much as $700 million.

Shares in Viasat plunged by as much as 36% to about a one-year low on Thursday after the U.S. satellite communications firm disclosed that one of its key satellites malfunctioned during deployment in space.

ViaSat (NASDAQ: VSAT ) stock isn't doing so hot on Thursday after the company said its satellite suffered a problem in space. According to a press release from the company, its ViaSat-3 Americas satellite suffered an unexpected event during reflector deployment.

Viasat (VSAT) is currently working closely with the reflector's manufacturer to determine the extent of the issue and explore potential remedial measures.

Viasat discloses a problem with one of its new ViaSat-3 satellites.

The Walt Disney Co.‘s DIS, +0.74% stock rose 1%. The company's board extended Chief Executive Bob Iger's contract for two more years through December 2026.

Viasat disclosed its most recently launched communications satellite suffered a malfunction while deploying the reflector of its Viasat-3 Americas satellite.

Viasat said on Wednesday there was an anomaly during the deployment of its ViaSat-3 Americas satellite in space which may affect the performance of the satellite, sending the company's shares down 20% after the bell.

Shares of ViaSat Inc. VSAT, -1.67% were falling 7% in after-hours trading Wednesday after the communications company disclosed a setback that could impact one of its satellites. The company said in an afternoon release that an “unexpected event” occurred during the process of reflector deployment and that this issue could materially affect the performance of the ViaSat-3 Americas satellite, which provides broadband services.