Viasat Inc

VSAT is in Stage 3 distribution with a bearish medium-term posture driven by repeated EMA rejections and high-volume distribution days. Short-term timing is neutral as price trades below declining short-term EMAs without clear exhaustion signals. We will trim exposure on rallies into the EMA/resistance zone, respecting the broader distribution structure while acknowledging the intact long-term uptrend.

• ↑Generated ~$600M free cash flow in FY26, positive five quarters running.
• ↑Backlog reached $4.1B (+15% YoY), with $1.2B in Q4 FY26 awards.
• ↓Analysts see ~26% overvaluation, heightening risk of stock pullback.