Gilat Satellite Networks (GILT) Expected to Announce Earnings on Wednesday

Gilat Satellite Networks (NASDAQ:GILT) is anticipated to post its quarterly earnings results before the market opens on Wednesday, February 12th. Analysts expect Gilat Satellite Networks to post earnings of $0.14 per share and revenue of $82.67 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Gilat Satellite Networks Trading Up 0.1 %

Shares of GILT stock opened at $7.42 on Tuesday. Gilat Satellite Networks has a fifty-two week low of $4.04 and a fifty-two week high of $7.76. 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 50 day simple moving average of $6.44 and a two-hundred day simple moving average of $5.43. The company has a market cap of $423.09 million, a P/E ratio of 25.59 and a beta of 0.60.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GILT. StockNews.com upgraded shares of Gilat Satellite Networks from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 15th. Needham & Company LLC reissued a “buy” rating and set a $8.50 price objective on shares of Gilat Satellite Networks in a research report on Thursday, January 16th.

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.