Gilat Satellite Networks (NASDAQ:GILT) Issues Earnings Results

Gilat Satellite Networks (NASDAQ:GILT) announced its earnings results on Wednesday. The communications equipment provider reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 Down 6.8 %

Shares of NASDAQ GILT traded down $0.51 on Wednesday, reaching $6.89. 423,378 shares of the company’s stock traded hands, compared to its average volume of 420,117. The company has a quick ratio of 1.84, a current ratio of 2.17 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $6.48 and its two-hundred day simple moving average is $5.45. Gilat Satellite Networks has a 12 month low of $4.04 and a 12 month high of $7.76. The company has a market cap of $392.58 million, a price-to-earnings ratio of 23.55 and a beta of 0.60.

Wall Street Analyst Weigh In

Several analysts have weighed in on GILT shares. StockNews.com raised Gilat Satellite Networks from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 15th. Needham & Company LLC reiterated a “buy” rating and issued a $8.50 price objective on shares of Gilat Satellite Networks in a report on Thursday, January 16th.

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.