William Blair Brokers Increase Earnings Estimates for GILT

Gilat Satellite Networks Ltd. (NASDAQ:GILT) – William Blair upped their FY2025 earnings 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 $0.47 per share for the year, up from their previous forecast of $0.44. William Blair has a “Outperform” rating on the stock. The consensus estimate for Gilat Satellite Networks’ current full-year earnings is $0.32 per share.

Other equities research analysts also recently issued research reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $8.50 target price on shares of Gilat Satellite Networks in a research note 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.

Gilat Satellite Networks Trading Up 3.2 %

Shares of NASDAQ GILT opened at $5.03 on Friday. The company’s 50 day simple moving average is $5.01 and its 200 day simple moving average is $4.90. Gilat Satellite Networks has a fifty-two week low of $4.04 and a fifty-two week high of $6.80. The firm has a market capitalization of $286.80 million, a P/E ratio of 17.34 and a beta of 0.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.14 and a quick ratio of 1.81.

Institutional Investors Weigh In On Gilat Satellite Networks

Several large investors have recently made changes to their positions in GILT. AWM Investment Company Inc. bought a new stake in shares of Gilat Satellite Networks during the first quarter worth $4,201,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Gilat Satellite Networks in the second quarter valued at $3,000,000. Foundry Partners LLC grew its position in Gilat Satellite Networks by 27.4% in the second quarter. Foundry Partners LLC now owns 826,185 shares of the communications equipment provider’s stock valued at $3,693,000 after purchasing an additional 177,675 shares in the last quarter. Marshall Wace LLP grew its position in Gilat Satellite Networks by 410.2% in the second quarter. Marshall Wace LLP now owns 129,259 shares of the communications equipment provider’s stock valued at $578,000 after purchasing an additional 103,924 shares in the last quarter. Finally, Clearline Capital LP grew its position in Gilat Satellite Networks by 510.5% in the third quarter. Clearline Capital LP now owns 99,409 shares of the communications equipment provider’s stock valued at $524,000 after purchasing an additional 83,127 shares in the last quarter. Institutional investors own 35.72% of the company’s stock.

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.