10 Best Tech Stocks to Invest In On the Dip

4. Viasat, Inc. (NASDAQ:VSAT)

Share Price: $9.62

Year-To-Date Performance: -65.69%

Analyst Upside Potential: 65.80%

Viasat, Inc. (NASDAQ:VSAT) is a global communications company that specializes in providing high-speed satellite broadband and secure networking solutions. The company offers high-speed internet services primarily through satellite technology, catering to both residential and commercial customers. This includes fixed broadband for homes and mobile broadband for businesses and government operations. It also develops a variety of satellite and wireless products, along with network and terminal solutions that facilitate broadband connectivity.

The company serves a diverse range of industries including, aviation, maritime, energy, and government sectors. In the second quarter of fiscal year 2025, Viasat reported a revenue of $1.1 billion, which represents an 8% decrease compared to the same period last year. However, when excluding a one-time revenue boost from a litigation settlement in the previous year, the revenue decline is only 1%. This slight decrease was due to lower earnings from their Communication Services segment, which was offset by growth in their Defense and Advanced Technologies (DAT) sector.

Viasat, Inc. (NASDAQ:VSAT) achieved record contract awards totaling $1.3 billion, marking a 25% increase from the previous year. The DAT segment alone saw its awards more than double, reaching about $510 million during this quarter. Although the stock of the company has been down 66% year-to-date, analysts’ 12-month median price target is pointing towards a 66% upside from current levels. It is one of the best tech stocks to invest in on the dip.

Cove Street Capital Small Cap Value Fund stated the following regarding Viasat, Inc. (NASDAQ:VSAT) in its Q3 2024 investor letter:

“Viasat, Inc. (NASDAQ:VSAT), E.W. Scripps (ticker: SSP), and Compass Minerals (ticker: CMP) were our biggest detractors this year. Each has specific fundamental problems, but they share perceptions of balance sheet issues that we would suggest are producing grossly negative viewpoints on their respective stock prices. Viasat just refinanced most of its debt stack which puts that to rest; Scripps has stated they will sell its Bounce TV network by the November earnings call; and Compass booted its CEO, and we believe we are days or quarters from a “for sale” sign. Not our finest moments, but all are stupid cheap in our opinion with real asset support. Recent Fed decisions should help here.”