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

Gilat Satellite Networks (NASDAQ:GILT) is expected to be posting its quarterly earnings results 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Gilat Satellite Networks Stock Performance

NASDAQ GILT opened at $7.30 on Wednesday. The firm has a market cap of $416.25 million, a price-to-earnings ratio of 25.17 and a beta of 0.60. The company has a 50 day moving average of $6.32 and a 200-day moving average of $5.37. The company has a current ratio of 2.17, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01. Gilat Satellite Networks has a 1-year low of $4.04 and a 1-year high of $7.51.

Analysts Set New Price Targets

Several research firms have recently commented on GILT. StockNews.com raised shares of Gilat Satellite Networks from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 15th. Needham & Company LLC reissued a “buy” rating and set a $8.50 price target on shares of Gilat Satellite Networks in a research note on Thursday, January 16th.

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.