Gilat Satellite Networks (NASDAQ:GILT) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Gilat Satellite Networks (NASDAQ:GILT) issued its quarterly earnings results on Wednesday. The communications equipment provider reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01, Zacks reports. Gilat Satellite Networks had a return on equity of 9.30% and a net margin of 5.46%. Gilat Satellite Networks updated its FY 2025 guidance to EPS.

Gilat Satellite Networks Price Performance

GILT stock traded down $0.45 on Wednesday, reaching $6.94. 365,231 shares of the company’s stock were exchanged, compared to its average volume of 418,002. The stock has a fifty day moving average of $6.48 and a 200-day moving average of $5.45. The firm has a market cap of $395.55 million, a PE ratio of 23.79 and a beta of 0.60. The company has a quick ratio of 1.84, a current ratio of 2.17 and a debt-to-equity ratio of 0.01. Gilat Satellite Networks has a twelve month low of $4.04 and a twelve month high of $7.76.

Wall Street Analyst Weigh In

GILT has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $8.50 target price on shares of Gilat Satellite Networks in a research note on Thursday, January 16th. StockNews.com raised 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.