Gilat Satellite Networks Ltd. (GILT) Posts Earnings Results
Gilat Satellite Networks Ltd. (NASDAQ:GILT) issued its quarterly earnings results on Tuesday. The company reported $0.02 EPS for the quarter. Gilat Satellite Networks had a negative return on equity of 4.69% and a negative net margin of 19.83%. The firm had revenue of $78.60 million for the quarter, compared to analysts’ expectations of $40.30 million.
Shares of Gilat Satellite Networks (NASDAQ:GILT) opened at 4.25 on Tuesday. Gilat Satellite Networks has a 12 month low of $3.11 and a 12 month high of $5.19. The company’s market capitalization is $231.13 million. The stock has a 50 day moving average price of $4.57 and a 200-day moving average price of $4.63.
An institutional investor recently raised its position in Gilat Satellite Networks stock. Vanguard Group Inc. raised its position in shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT) by 28.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 567,528 shares of the company’s stock after buying an additional 124,940 shares during the period. Vanguard Group Inc. owned 1.28% of Gilat Satellite Networks worth $2,446,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 6.97% of the company’s stock.
Separately, TheStreet raised Gilat Satellite Networks from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th.
Gilat Satellite Networks Company Profile
Gilat Satellite Networks Ltd. (Gilat) is a provider of broadband satellite communication (Satcom) network solutions and services. The Company designs, manufactures and provides network management and equipment for Satcom, as well as professional services to satellite operators and service providers across the world.
Receive News & Stock Ratings for Gilat Satellite Networks Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gilat Satellite Networks Ltd. and related stocks with our FREE daily email newsletter.