William Blair Has Bullish Estimate for GILT FY2025 Earnings

Gilat Satellite Networks Ltd. (NASDAQ:GILT - Free Report) - Equities researchers at William Blair raised their FY2025 earnings per share estimates for Gilat Satellite Networks in a report released on Wednesday, November 13th. William Blair analyst L. Dipalma now forecasts that the communications equipment provider will post earnings per share of $0.47 for the year, up from their prior estimate of $0.44. William Blair has a "Outperform" rating on the stock. The consensus estimate for Gilat Satellite Networks' current full-year earnings is $0.32 per share.

Separately, Needham & Company LLC reaffirmed a "buy" rating and issued a $8.50 target price on shares of Gilat Satellite Networks in a report on Friday.

Gilat Satellite Networks Stock Up 3.1 %

GILT stock traded up $0.15 during mid-day trading on Friday, reaching $5.03. The company had a trading volume of 179,208 shares, compared to its average volume of 190,722. The firm has a fifty day simple moving average of $5.00 and a 200 day simple moving average of $4.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.81 and a current ratio of 2.14. The company has a market capitalization of $286.81 million, a price-to-earnings ratio of 17.35 and a beta of 0.59. Gilat Satellite Networks has a fifty-two week low of $4.04 and a fifty-two week high of $6.80.

Institutional Trading of Gilat Satellite Networks

A number of hedge funds and other institutional investors have recently bought and sold shares of GILT. Renaissance Technologies LLC boosted its position in shares of Gilat Satellite Networks by 2.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,077,733 shares of the communications equipment provider's stock worth $4,817,000 after acquiring an additional 24,204 shares in the last quarter. Foundry Partners LLC boosted its holdings in Gilat Satellite Networks by 1.0% in the third quarter. Foundry Partners LLC now owns 834,230 shares of the communications equipment provider's stock valued at $4,396,000 after purchasing an additional 8,045 shares in the last quarter. AWM Investment Company Inc. acquired a new position in Gilat Satellite Networks in the first quarter valued at approximately $4,201,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Gilat Satellite Networks during the second quarter worth approximately $3,000,000. Finally, ARK Investment Management LLC raised its holdings in Gilat Satellite Networks by 7.9% during the third quarter. ARK Investment Management LLC now owns 434,963 shares of the communications equipment provider's stock worth $2,292,000 after purchasing an additional 31,714 shares in the last quarter. 35.72% of the stock is currently owned by institutional investors and hedge funds.

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.