Gilat Satellite Networks (NASDAQ:GILT) Announces Earnings Results

Gilat Satellite Networks (NASDAQ:GILT) announced its quarterly earnings data on Wednesday. The communications equipment provider reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01, Zacks reports. Gilat Satellite Networks had a return on equity of 9.30% and a net margin of 5.46%. Gilat Satellite Networks updated its FY 2025 guidance to EPS.

Gilat Satellite Networks Price Performance

GILT opened at $7.10 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 2.17. The stock has a market capitalization of $404.84 million, a PE ratio of 24.48 and a beta of 0.60. The stock’s 50 day moving average price is $6.50 and its 200-day moving average price is $5.47. Gilat Satellite Networks has a 52-week low of $4.04 and a 52-week high of $7.76.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GILT. StockNews.com upgraded shares of Gilat Satellite Networks from a “buy” rating to a “strong-buy” rating in a report on Friday, November 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $8.50 price objective on shares of Gilat Satellite Networks in a research note on Thursday.

Gilat Satellite Networks Company Profile

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.