Gilat Satellite Networks (GILT) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gilat Satellite Networks in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" GILT shares.
View GILT analyst ratings or view top-rated stocks.

1 brokerages have issued twelve-month target prices for Gilat Satellite Networks' shares. Their GILT share price forecasts range from $8.50 to $8.50. On average, they expect the company's stock price to reach $8.50 in the next year. This suggests a possible upside of 32.2% from the stock's current price.
View analysts price targets for GILT or view top-rated stocks among Wall Street analysts.

Gilat Satellite Networks' stock was trading at $5.80 at the beginning of 2023. Since then, GILT stock has increased by 10.9% and is now trading at $6.43.
View the best growth stocks for 2023 here.

Gilat Satellite Networks saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 115,600 shares, an increase of 12.3% from the August 31st total of 102,900 shares. Based on an average daily trading volume, of 117,000 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.2% of the shares of the stock are short sold.
View Gilat Satellite Networks' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our GILT earnings forecast.

Gilat Satellite Networks Ltd. (NASDAQ:GILT) announced its earnings results on Tuesday, August, 8th. The communications equipment provider reported $0.08 earnings per share for the quarter. The communications equipment provider had revenue of $67.59 million for the quarter. Gilat Satellite Networks had a net margin of 2.31% and a trailing twelve-month return on equity of 7.69%.

ETFs with the largest weight of Gilat Satellite Networks (NASDAQ:GILT) stock in their portfolio include ARK Israel Innovative Technology ETF (IZRL).BlueStar Israel Technology ETF (ITEQ).

Gilat Satellite Networks issued an update on its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $265.00 million-$285.00 million, compared to the consensus revenue estimate of $239.84 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Gilat Satellite Networks investors own include Marvell Technology (MRVL), Inseego (INSG), Nokia Oyj (NOK), Comtech Telecommunications (CMTL), NVIDIA (NVDA), Cisco Systems (CSCO), Skyworks Solutions (SWKS), Alibaba Group (BABA), Block (SQ) and Advanced Micro Devices (AMD).

Gilat Satellite Networks trades on the NASDAQ under the ticker symbol "GILT."

Shares of GILT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of GILT stock can currently be purchased for approximately $6.43.

Gilat Satellite Networks (NASDAQ:GILT) has a market capitalization of $364.07 million and generates $239.84 million in revenue each year. The communications equipment provider earns $-5,930,000.00 in net income (profit) each year or $0.11 on an earnings per share basis.

The company employs 987 workers across the globe.

Gilat Satellite Networks' mailing address is GILAT HOUSE 21 YEGIA KAPAYIM STREET KIRYAT ARYE., PETAH TIKVA L3, 4913020. The official website for the company is www.gilat.com. The communications equipment provider can be reached via phone at (723) 925-2000, via email at junefil@optonline.net, or via fax at 972-3925-2945.