Gilat Satellite Networks' (GILT) Hold (C) Rating Reaffirmed at Weiss Ratings

Gilat Satellite Networks (NASDAQ:GILT - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts also recently issued research reports about the stock. Needham & Company LLC lifted their target price on shares of Gilat Satellite Networks from $8.50 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Zacks Research downgraded shares of Gilat Satellite Networks from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, Wall Street Zen raised shares of Gilat Satellite Networks from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 4th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $11.00.

Gilat Satellite Networks Stock Up 4.4%

Shares of GILT stock opened at $14.36 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 1.17 and a debt-to-equity ratio of 0.18. Gilat Satellite Networks has a 1 year low of $4.82 and a 1 year high of $14.65. The firm's fifty day moving average price is $10.41 and its two-hundred day moving average price is $7.88. The firm has a market capitalization of $821.56 million, a P/E ratio of 36.82 and a beta of 0.58.

Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.17. The firm had revenue of $105.00 million for the quarter, compared to analyst estimates of $100.99 million. Gilat Satellite Networks had a net margin of 6.41% and a return on equity of 10.05%. On average, equities analysts predict that Gilat Satellite Networks will post 0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC boosted its stake in Gilat Satellite Networks by 6.8% during the second quarter. Tidal Investments LLC now owns 66,474 shares of the communications equipment provider's stock worth $471,000 after acquiring an additional 4,250 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Gilat Satellite Networks by 1.6% in the second quarter. Marshall Wace LLP now owns 513,873 shares of the communications equipment provider's stock valued at $3,643,000 after buying an additional 8,105 shares in the last quarter. Blue Bell Private Wealth Management LLC bought a new position in shares of Gilat Satellite Networks in the first quarter valued at $67,000. Yelin Lapidot Holdings Management Ltd. lifted its stake in shares of Gilat Satellite Networks by 7.2% in the first quarter. Yelin Lapidot Holdings Management Ltd. now owns 181,549 shares of the communications equipment provider's stock valued at $1,153,000 after buying an additional 12,235 shares in the last quarter. Finally, First Wilshire Securities Management Inc. lifted its stake in shares of Gilat Satellite Networks by 1.0% in the second quarter. First Wilshire Securities Management Inc. now owns 1,468,035 shares of the communications equipment provider's stock valued at $10,408,000 after buying an additional 14,782 shares in the last quarter. 35.72% of the stock is owned by institutional investors.

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.

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