News articles about Gilat Satellite Networks (NASDAQ:GILT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of 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 0.11 on Accern’s scale. Accern also gave press coverage about the communications equipment provider an impact score of 46.9673708278203 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Gilat Satellite Networks (NASDAQ GILT) traded up 0.73% on Friday, reaching $5.49. 6,603 shares of the company’s stock traded hands. The stock has a 50-day moving average of $5.49 and a 200 day moving average of $5.18. Gilat Satellite Networks has a 12-month low of $4.12 and a 12-month high of $6.19. The firm has a market cap of $300.17 million, a P/E ratio of 81.94 and a beta of 0.90.
Gilat Satellite Networks (NASDAQ:GILT) last released its quarterly earnings results on Tuesday, August 8th. The communications equipment provider reported $0.08 earnings per share for the quarter. The business had revenue of $66.24 million during the quarter. Gilat Satellite Networks had a return on equity of 6.59% and a net margin of 1.27%. On average, equities research analysts expect that Gilat Satellite Networks will post ($0.17) earnings per share for the current year.
A number of equities research analysts recently commented on GILT shares. BidaskClub upgraded shares of Gilat Satellite Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. TheStreet lowered shares of Gilat Satellite Networks from a “c-” rating to a “d” rating in a report on Monday, June 26th.
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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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