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Viasat, Inc. VSAT has opened its new expanded office in Dublin. It is expected to house up to 250 Viasat team members, focused on developing next-generation software and technology for its target broadband markets.
Viasat already has a significant presence in Dublin with about 100 team members, developing innovative software solutions for the commercial aviation industry. The new office symbolizes growth for the company as it expects to more than double the headcount in Dublin over the next few years and eventually go beyond connected aircraft software.
Viasat intends to broaden its software and mobile application support for international maritime customers, European residential broadband and Wi-Fi markets, and government systems. Strong talent base in Ireland is also expected to enhance the company’s technical expertise and presence in Europe and enable it to respond to new global broadband opportunities across a number of industry sectors.
The expansion in Dublin is part of the overall objective to strengthen regional service capabilities in order to enhance collaboration with customers and partners across Europe. This, in turn, will aid in building software and technology expertise in that region.
Viasat has reinforced its commitment and grown in Europe over the past few years. It has managed to form a number of strategic partnerships and developed new technology for the European satellite broadband and space industry.
The company’s next-generation ultra-high capacity satellite platform, ViaSat-3, is likely to get support from the expansion strategy. It also announced the development of a new phased array flat panel antenna at its office in Lausanne, in March 2018.
ViaSat is ramping up investments for the development of its revolutionary ViaSat-3 broadband communications platform, which will boast roughly 10 times the bandwidth capacity of ViaSat-2. The ViaSat-3 payload program has begun its transition to the construction phase. These satellites will be capable of covering one-third of the world, including all Americas, likely by 2019.
The second ViaSat-3 will cover Europe, the Middle East and Africa regions, launching in 2020. It 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.
Over the last three months, the stock has underperformed the industry with an average loss of 10.8% compared with a decline of 7.5% for the latter.
Viasat carries a Zacks Rank #5 (Strong Sell). Some better-ranked stocks in the industry are Comtech Telecommunications Corp. CMTL, BlackBerry Limited BB and Orange S.A. ORAN. While Comtech Telecommunications and BlackBerry sport a Zacks Rank #1 (Strong Buy), Orange carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Comtech Telecommunications has an expected long-term earnings growth rate of 5%. It exceeded earnings estimates in each of the trailing four quarters, with an average of 111.4%.
BlackBerry has an expected long-term earnings growth rate of 18.6%. It exceeded earnings estimates twice in the trailing four quarters, with an average of 500%.
Orange has an expected long-term earnings growth rate of 25.9%.
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