Viasat’s stock selloff ‘largely driven by emotion’ over satellite problem, analyst says

Viasat’s stock selloff ‘largely driven by emotion’ over satellite problem, analyst says

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Viasat Inc.’s stock plunged more than 28% Thursday after the communications company disclosed a problem that could affect one of its satellites. The ViaSat-3 satellite was launched from Cape Canaveral on April 30 to help expand Viasat’s VSAT, North American fixed-broadband business. But William…

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