Diversified Services

ViaSat (VSAT) Expands Telespazio’s IoT Connectivity Services – Yahoo Finance UK

ViaSat Inc. VSAT recently announced that Telespazio, a major global supplier of satellite solutions and communication services has opted to join the ViaSat ELEVATE program. The partnership aims to provide high-performance connectivity and support remote IoT applications across a wide array of industries, including agriculture, energy and mining operations.

The ELEVATE program is designed for IoT solution providers, enablers and enterprises of any size who have developed an innovative digital product and intend to scale their businesses using VSAT’s extensive network and footprint. In addition to offering access to its satellite and IoT solution suite, ViaSat provides technical guidance, go-to-market strategies, and greater exposure through its distribution channels.

Based in Italy, Telespazio is heavily involved in major space programs, specializing in satellite launch management, in-orbit control services, Earth observation services, integrated and hybrid communication, satellite navigation and more. Through this program, Telespazio will utilize the ViaSat L band network to deliver enhanced IoT and satellite connectivity services to its clientele.  

Access to the ELEVATE marketplace will allow Telespazio to venture into new markets and attract clients from areas with limited connectivity. Moreover, ViaSat’s broader partner network will bring new collaboration opportunities and facilitate the development of niche communication solutions for its customers.

The ELEVATE program targets a broad range of industries, including agriculture, energy, mining, transport, utilities and more. The incorporation of a prominent player in the space industry like Telespazio underscores the growing traction of the ELEVATE program across various sectors. The expansion of VSAT’s partner ecosystem will drive the development of cutting-edge IoT and satellite solutions and address the connectivity needs of diverse industries. This will extend ViaSat’s global presence and boost its commercial prospects.

ViaSat is ramping up investments in the development of its revolutionary ViaSat-3 broadband communications platform, which will have nearly 10 times the bandwidth capacity of ViaSat-2. The ViaSat-3 platform will help to form a global broadband network with sufficient network capacity to allow better consumer choices with an affordable, high-quality, high-speed Internet and video streaming service. However, intense competition in the Satellite Service segment remains a concern for the company.

The stock has lost 68.9% over the past year against the industry’s growth of 40.3%.

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Zacks Rank and Key Picks

Viasat currently carries a Zacks Rank #3 (Hold).

Arista Networks, Inc. ANET, sporting a Zacks Rank #1 (Strong Buy) at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 15.68% and delivered an earnings surprise of 15.39%, on average, in the trailing four quarters. You can see the complete list of today’s Zacks #1 Rank stocks here.

It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200 and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.

Motorola Solutions Inc. MSI provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure services. Currently, Motorola carries a Zacks Rank #2 (Buy) at present.

It delivered a trailing four-quarter average earnings surprise of 7.54% and has a long-term growth expectation of 9.47%. In the last reported quarter, Motorola delivered an earnings surprise of 11.51%.

Silicon Motion Technology Corporation SIMO, sporting a Zacks Rank #1 at present, delivered a trailing four-quarter average earnings surprise of 4.72%.

It is a leading developer of microcontroller ICs for NAND flash storage devices. The semiconductor company also designs, develops and markets high-performance, low-power semiconductor solutions for original equipment manufacturers and other customers.

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