Viasat stock hits 52-week high at 89.83 USD

The increase in market capitalization due to the breakout of the 52-week high (~$3.8B → ~$4.1B) suggests the possibility of a reassessment of the growth story while maintaining financial soundness. In particular, the rising demand for satellite communications and the 5G/6G integration strategy are expected to be key factors driving the increase in valuation.

1) Structural growth in the satellite communication industry (increased military/civilian demand), 2) Anticipated bandwidth expansion and ARPU increase due to the Viasat-3 satellite (scheduled for commercial launch in Q2 2024), 3) Ability to provide differentiated high-latitude/high-bandwidth services compared to competitors (Starlink, OneWeb). Additionally, the completion of the Inmarsat acquisition in November 2023 is expected to fully realize the effects of global network integration.