On October 13, Viasat fell 5.03% in regular trading, trading at $68.42/share, with Turnover of $53.922 million.

The decline came as the broader Communication Equipment sector faced broad-based selling pressure, with Lumentum down 10.74%, Ciena down 10.50%, Applied Optoelectronics down 8.75%, Nokia Oyj down 3.81%, and Cisco down 2.35%. Sector-wide weakness was a key driver of the intraday pullback.

Additionally, Morgan Stanley had previously raised its price target to $95 from $51 while maintaining an Equalweight rating, noting that Viasat's spectrum assets hold potential value exceeding $6.2 billion, or roughly $42 per share. However, competitive pressure from low-Earth-orbit providers and uncertainty surrounding the Equatys joint venture with Space42 could delay spectrum monetization. Viasat's latest quarterly revenue of $11.57 billion missed expectations of $12 billion and declined 1.2% year-over-year, compounding valuation pressure.

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