Gilat Satellite Networks (NASDAQ:GILT – Get Free Report) released its quarterly earnings results on Wednesday. The communications equipment provider reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01, Zacks reports. Gilat Satellite Networks had a net margin of 5.46% and a return on equity of 9.30%. Gilat Satellite Networks updated its FY 2025 guidance to EPS.
Gilat Satellite Networks Stock Performance
Shares of GILT stock traded down $0.51 during trading hours on Wednesday, hitting $6.89. 423,378 shares of the company were exchanged, compared to its average volume of 420,117. Gilat Satellite Networks has a 52-week low of $4.04 and a 52-week high of $7.76. The company has a current ratio of 2.17, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $6.48 and a 200 day simple moving average of $5.45. The stock has a market capitalization of $392.58 million, a price-to-earnings ratio of 23.55 and a beta of 0.60.
Analyst Ratings Changes
GILT has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $8.50 target price on shares of Gilat Satellite Networks in a report on Thursday, January 16th. StockNews.com raised Gilat Satellite Networks from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 15th.
About Gilat Satellite Networks
Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. Its portfolio consists of cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state power amplifiers, block upconverters, transceivers, and defense ground systems and field services.
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