Gilat Satellite Networks (NASDAQ:GILT) Now Covered by Analysts at William Blair

William Blair started coverage on shares of Gilat Satellite Networks (NASDAQ:GILT - Free Report) in a research note published on Thursday morning, Marketbeat reports. The brokerage issued an outperform rating on the communications equipment provider's stock.

Several other analysts have also recently weighed in on GILT. StockNews.com cut Gilat Satellite Networks from a strong-buy rating to a buy rating in a report on Wednesday, June 19th. Needham & Company LLC reaffirmed a buy rating and issued a $8.50 price objective on shares of Gilat Satellite Networks in a research note on Thursday, August 8th.

Gilat Satellite Networks Price Performance

Shares of NASDAQ GILT traded up $0.33 during trading on Thursday, reaching $5.20. The company had a trading volume of 356,282 shares, compared to its average volume of 197,093. Gilat Satellite Networks has a 52 week low of $4.04 and a 52 week high of $6.80. The business's 50 day moving average price is $4.57 and its 200-day moving average price is $5.00. The stock has a market cap of $296.49 million, a PE ratio of 12.59 and a beta of 0.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.81 and a current ratio of 2.14.

Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $76.63 million for the quarter. Gilat Satellite Networks had a return on equity of 8.23% and a net margin of 6.80%.

Institutional Trading of Gilat Satellite Networks

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wedbush Securities Inc. acquired a new position in Gilat Satellite Networks during the second quarter valued at approximately $46,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Gilat Satellite Networks during the second quarter worth about $69,000. Clearline Capital LP acquired a new position in Gilat Satellite Networks in the second quarter valued at about $73,000. Jump Financial LLC grew its stake in Gilat Satellite Networks by 37.7% in the fourth quarter. Jump Financial LLC now owns 16,667 shares of the communications equipment provider's stock valued at $102,000 after acquiring an additional 4,567 shares during the period. Finally, Quadrature Capital Ltd increased its holdings in shares of Gilat Satellite Networks by 129.3% in the fourth quarter. Quadrature Capital Ltd now owns 28,378 shares of the communications equipment provider's stock worth $174,000 after acquiring an additional 16,004 shares in the last quarter. 35.72% of the stock is owned by institutional investors.

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.