Gilat Satellite Networks (GILT) Earning Somewhat Positive News Coverage, Report Shows

Media coverage about Gilat Satellite Networks (NASDAQ:GILT) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gilat Satellite Networks earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the communications equipment provider an impact score of 45.5240265778166 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

GILT has been the subject of a number of analyst reports. BidaskClub downgraded shares of Gilat Satellite Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. TheStreet downgraded shares of Gilat Satellite Networks from a “c-” rating to a “d” rating in a research note on Monday, June 26th.

Gilat Satellite Networks (NASDAQ GILT) traded up 3.75% during trading on Tuesday, reaching $6.09. 40,805 shares of the company’s stock traded hands. Gilat Satellite Networks has a 1-year low of $4.12 and a 1-year high of $6.19. The stock has a market capitalization of $332.98 million, a P/E ratio of 90.90 and a beta of 0.84. The stock has a 50-day moving average price of $5.51 and a 200 day moving average price of $5.16.

Gilat Satellite Networks (NASDAQ:GILT) last posted its quarterly earnings results on Tuesday, August 8th. The communications equipment provider reported $0.08 EPS for the quarter. Gilat Satellite Networks had a net margin of 1.27% and a return on equity of 6.59%. The business had revenue of $66.24 million during the quarter. Equities research analysts expect that Gilat Satellite Networks will post ($0.17) earnings per share for the current year.

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Gilat Satellite Networks Company Profile

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.

Insider Buying and Selling by Quarter for Gilat Satellite Networks (NASDAQ:GILT)

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