Gilat Satellite Networks Ltd. (GILT) to Release Earnings on Tuesday
Gilat Satellite Networks Ltd. (NASDAQ:GILT) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, August 8th.
Gilat Satellite Networks (NASDAQ:GILT) last posted its quarterly earnings results on Tuesday, May 16th. The communications equipment provider reported $0.03 EPS for the quarter. Gilat Satellite Networks had a negative net margin of 0.72% and a positive return on equity of 3.44%. The company had revenue of $63.93 million for the quarter. On average, analysts expect Gilat Satellite Networks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT) opened at 5.36 on Monday. The firm has a 50-day moving average of $5.08 and a 200 day moving average of $5.19. Gilat Satellite Networks Ltd. has a 12-month low of $4.12 and a 12-month high of $6.19. The stock’s market capitalization is $292.78 million.
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A number of research analysts have commented on GILT shares. BidaskClub upgraded shares of Gilat Satellite Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. TheStreet lowered shares of Gilat Satellite Networks from a “c-” rating to a “d” rating in a research note on Monday, June 26th.
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.
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