Year-over-Year Revenue Growth in FQ2 2024: 61.1%
Year-over-Year Revenue Growth in FQ3 2024: 58.2%
Year-over-Year Revenue Growth in FQ4 2024: 72.6%
Number of Hedge Fund Holders: 21
Answer: Viasat is one of the best up and coming stocks as its long history of technology and business model innovation, combined with its strategic merger with Inmarsat positions it as a leader in the satellite communications industry. Additionally, Viasat is on track to achieve positive free cash flow by the end of Q1 FY2026. The company has made significant strides to better its mobility business, expand coverage, improve service agreements, and foster partnerships. These efforts are expected to drive profitable growth and ensure sustainable cash flow generation.
Investor sentiment was positive toward Viasat in Q1 as the stock was part of 21 hedge funds’ portfolios, compared to 15 hedge funds in the third quarter of 2023. FPR Partners is the top investor in the company and has a position worth $31.18 million as of the first quarter.