Gilat Satellite Networks Ltd. (NASDAQ:GILT) reached a new 52-week high during trading on Wednesday . The stock traded as high as $5.17 and last traded at $5.14, with a volume of 22,719 shares changing hands. The stock had previously closed at $5.00.

The firm’s market cap is $273.01 million. The company’s 50 day moving average is $4.54 and its 200-day moving average is $4.40.

Gilat Satellite Networks (NASDAQ:GILT) last issued its earnings results on Wednesday, August 10th. The company reported ($0.04) earnings per share for the quarter. The business earned $67.90 million during the quarter, compared to analyst estimates of $44.30 million. Equities analysts predict that Gilat Satellite Networks Ltd. will post ($0.17) EPS for the current fiscal year.

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.

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