Gilat Satellite Networks (GILT) Earning Somewhat Positive Press Coverage, Report Finds
Media stories about Gilat Satellite Networks (NASDAQ:GILT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 0.09 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 44.8932037965827 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several brokerages recently commented on GILT. TheStreet raised shares of Gilat Satellite Networks from a “d+” rating to a “c” rating in a report on Thursday, August 24th. BidaskClub lowered shares of Gilat Satellite Networks from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th.
Shares of Gilat Satellite Networks (NASDAQ:GILT) traded up 0.33% during midday trading on Friday, reaching $6.01. 1,559 shares of the company traded hands. The stock has a market capitalization of $328.60 million, a P/E ratio of 89.70 and a beta of 0.84. Gilat Satellite Networks has a 1-year low of $4.12 and a 1-year high of $6.20. The stock’s 50-day moving average is $5.61 and its 200-day moving average is $5.20.
Gilat Satellite Networks (NASDAQ:GILT) last released its earnings results on Tuesday, August 8th. The communications equipment provider reported $0.08 EPS for the quarter. Gilat Satellite Networks had a return on equity of 6.59% and a net margin of 1.27%. The company had revenue of $66.24 million during the quarter. Equities analysts predict that Gilat Satellite Networks will post ($0.17) EPS for the current fiscal year.
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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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