Gilat Satellite Networks (GILT) Set to Announce Earnings on Monday


Gilat Satellite Networks (NASDAQ: GILT – Get Rating) is set to announce its earnings results before the market opens on Monday, May 23rd. Gilat Satellite Networks has set its FY 2022 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Gilat Satellite Networks (NASDAQ: GILT – Get Rating) last issued its quarterly earnings results on Tuesday, February 15th. The communications equipment provider reported $ 0.10 earnings per share (EPS) for the quarter. The firm had revenue of 67.27 million for the quarter. Gilat Satellite Networks had a positive return on equity of 0.41% and a negative net margin of 1.22%.

Shares of GILT stock opened at $ 6.71 on Monday. The stock’s 50-day moving average price is $ 7.90 and its 200 day moving average price is 7.81. Gilat Satellite Networks has a 52-week low of $ 6.33 and a 52-week high of $ 11.20. The stock has a market capitalization of 379.38 million, a PE ratio of -134.17 and a beta of 0.35.

Separately, StockNews.com assumed coverage on Gilat Satellite Networks in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

Several hedge funds have recently modified their holdings of GILT. Wells Fargo & Company MN raised its holdings in shares of Gilat Satellite Networks by 44.5% during the fourth quarter. Wells Fargo & Company MN now owns 7,385 shares of the communications equipment provider’s stock valued at $ 52,000 after buying an additional 2,273 shares during the last quarter. Swiss National Bank boosted its stake in Gilat Satellite Networks by 6.2% in the 1st quarter. Swiss National Bank now owns 73,949 shares of the communications equipment provider’s stock worth $ 657,000 after purchasing an additional 4,332 shares during the period. BlackRock Inc. boosted its stake in Gilat Satellite Networks by 15.3% in the 4th quarter. BlackRock Inc. now owns 39,177 shares of the communications equipment provider’s stock worth $ 277,000 after purchasing an additional 5,209 shares during the period. LPL Financial LLC boosted its stake in shares of Gilat Satellite Networks by 31.8% during the 4th quarter. LPL Financial LLC now owns 31,162 shares of the communications equipment provider’s stock valued at $ 220,000 after buying an additional 7,510 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Gilat Satellite Networks by 21.1% during the 4th quarter. Goldman Sachs Group Inc. Now owns 47,000 shares of the communications equipment provider’s stock valued at $ 332,000 after buying an additional 8,181 shares during the period. 47.91% of the stock is currently owned by institutional investors and hedge funds.

Gilat Satellite Networks Company Profile (Get Rating)

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions and services in Israel and internationally. It operates through Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure Projects segments. The company offers end-to-end VSAT network, including VSAT terminals and a network management system, as well as SkyEdge IV and SkyEdge II-c platforms; and satellite-on-the-move terminals for air, sea, and land platforms.

Further Reading

Earnings History for Gilat Satellite Networks (NASDAQ: GILT)



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