Gilat Satellite Networks (GILT) Releases Earnings Results

Gilat Satellite Networks (NASDAQ:GILT) posted its quarterly earnings data on Tuesday. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, Morningstar.com reports. Gilat Satellite Networks had a return on equity of 7.58% and a net margin of 2.83%.

Gilat Satellite Networks (GILT) traded up $0.03 during mid-day trading on Tuesday, reaching $7.51. The company’s stock had a trading volume of 42,000 shares, compared to its average volume of 15,925. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.45 and a current ratio of 1.65. The company has a market capitalization of $409.43, a P/E ratio of 25.79 and a beta of 1.02. Gilat Satellite Networks has a 12-month low of $4.12 and a 12-month high of $8.40.

Hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC bought a new position in Gilat Satellite Networks in the fourth quarter valued at approximately $150,000. Ramsey Quantitative Systems bought a new position in Gilat Satellite Networks in the fourth quarter valued at approximately $201,000. ARK Investment Management LLC bought a new position in Gilat Satellite Networks in the fourth quarter valued at approximately $290,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in Gilat Satellite Networks by 8,747,337.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 699,795 shares of the communications equipment provider’s stock valued at $5,413,000 after purchasing an additional 699,787 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Gilat Satellite Networks by 0.5% in the second quarter. Renaissance Technologies LLC now owns 2,723,554 shares of the communications equipment provider’s stock valued at $14,054,000 after purchasing an additional 13,500 shares in the last quarter. Hedge funds and other institutional investors own 9.25% of the company’s stock.

GILT has been the subject of a number of analyst reports. ValuEngine upgraded Gilat Satellite Networks from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. BidaskClub downgraded Gilat Satellite Networks from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 9th.

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About Gilat Satellite Networks

Gilat Satellite Networks Ltd. is a provider of satellite-based broadband communications. The Company operates through three segments: Commercial, Mobility and Services divisions. The Company designs and manufactures satellite ground segment and networking communications equipment, which it sells to its customers either as network components (modems, Block Up converters (BUCs), antennas) or as complete network solutions (which include hubs and related terminals and services) or turnkey projects.

Earnings History for Gilat Satellite Networks (NASDAQ:GILT)

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