Gilat Satellite Networks (GILT) Projected to Post Earnings on Wednesday

Gilat Satellite Networks (NASDAQ:GILT) is anticipated to release its earnings data before the market opens on Wednesday, February 12th. Analysts expect Gilat Satellite Networks to post earnings of $0.14 per share and revenue of $82.67 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Gilat Satellite Networks Trading Up 3.1 %

Shares of NASDAQ GILT opened at $7.30 on Wednesday. The company’s fifty day moving average is $6.32 and its 200-day moving average is $5.37. The stock has a market cap of $416.25 million, a price-to-earnings ratio of 25.17 and a beta of 0.60. Gilat Satellite Networks has a twelve month low of $4.04 and a twelve month high of $7.51. The company has a quick ratio of 1.84, a current ratio of 2.17 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GILT. Needham & Company LLC reissued a “buy” rating and set a $8.50 price target on shares of Gilat Satellite Networks in a research report on Thursday, January 16th. StockNews.com upgraded shares of Gilat Satellite Networks from a “buy” rating to a “strong-buy” rating in a report on Friday, November 15th.

About Gilat Satellite Networks

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.