Gilat Satellite Networks (GILT) Receiving Somewhat Positive Press Coverage, Study Shows

Headlines about Gilat Satellite Networks (NASDAQ:GILT) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Gilat Satellite Networks earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned media coverage about the communications equipment provider an impact score of 43.6450981165997 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Gilat Satellite Networks (NASDAQ:GILT) traded down 0.31% during trading on Thursday, reaching $6.39. The company had a trading volume of 2,473 shares. The stock has a market cap of $349.38 million, a PE ratio of 95.37 and a beta of 0.78. The company has a 50-day moving average price of $5.94 and a 200 day moving average price of $5.31. Gilat Satellite Networks has a 52-week low of $4.12 and a 52-week high of $6.45.

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

A number of research firms recently weighed in on GILT. TheStreet upgraded Gilat Satellite Networks from a “d+” rating to a “c” rating in a research note on Thursday, August 24th. BidaskClub downgraded Gilat Satellite Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.

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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.

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