Gilat Satellite Networks (NASDAQ:GILT) Posts Quarterly Earnings Results

Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) released its quarterly earnings results on Wednesday. The communications equipment provider reported $0.15 EPS 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 $0.06 on Friday, reaching $6.78. The stock had a trading volume of 552,955 shares, compared to its average volume of 400,362. 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 company has a 50 day simple moving average of $6.55 and a 200 day simple moving average of $5.52. The stock has a market cap of $386.60 million, a P/E ratio of 23.38 and a beta of 0.60. Gilat Satellite Networks has a 1 year low of $4.04 and a 1 year high of $7.76.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GILT shares. Needham & Company LLC reissued a "buy" rating and issued a $8.50 price objective on shares of Gilat Satellite Networks in a research report on Thursday. StockNews.com upgraded Gilat Satellite Networks from a "buy" rating to a "strong-buy" rating in a research report on Friday, November 15th.

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.