Gilat Satellite Networks Ltd. (NASDAQ:GILT - Free Report) - Investment analysts at William Blair boosted their FY2024 EPS estimates for Gilat Satellite Networks in a research note issued to investors on Wednesday, November 13th. William Blair analyst L. Dipalma now anticipates that the communications equipment provider will earn $0.48 per share for the year, up from their prior estimate of $0.32. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for Gilat Satellite Networks' current full-year earnings is $0.48 per share. William Blair also issued estimates for Gilat Satellite Networks' Q4 2024 earnings at $0.14 EPS.
Other analysts have also issued reports about the company. Needham & Company LLC reissued a "buy" rating and issued a $8.50 price objective on shares of Gilat Satellite Networks in a report on Friday. StockNews.com raised shares of Gilat Satellite Networks from a "buy" rating to a "strong-buy" rating in a research note on Friday.
Get Our Latest Stock Analysis on GILT
Shares of Gilat Satellite Networks stock opened at $5.03 on Monday. The firm has a market cap of $286.81 million, a PE ratio of 17.35 and a beta of 0.59. Gilat Satellite Networks has a twelve month low of $4.04 and a twelve month high of $6.80. The company has a quick ratio of 1.81, a current ratio of 2.17 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $5.01 and a 200 day moving average price of $4.90.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its holdings in shares of Gilat Satellite Networks by 2.3% during the second quarter. Renaissance Technologies LLC now owns 1,077,733 shares of the communications equipment provider's stock valued at $4,817,000 after acquiring an additional 24,204 shares during the last quarter. Foundry Partners LLC raised its stake in Gilat Satellite Networks by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 834,230 shares of the communications equipment provider's stock valued at $4,396,000 after purchasing an additional 8,045 shares during the last quarter. AWM Investment Company Inc. acquired a new position in Gilat Satellite Networks in the 1st quarter valued at $4,201,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Gilat Satellite Networks in the 2nd quarter valued at $3,000,000. Finally, ARK Investment Management LLC boosted its stake in Gilat Satellite Networks by 7.9% during the 3rd quarter. ARK Investment Management LLC now owns 434,963 shares of the communications equipment provider's stock worth $2,292,000 after purchasing an additional 31,714 shares during the last quarter. 35.72% of the stock is owned by hedge funds and other institutional investors.
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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