Gilat Satellite Networks (NASDAQ:GILT) Upgraded at ValuEngine

ValuEngine upgraded shares of Gilat Satellite Networks (NASDAQ:GILT) from a hold rating to a buy rating in a research note released on Thursday, ValuEngine reports.

Separately, BidaskClub raised Zebra Technologies from a hold rating to a buy rating in a research report on Saturday, July 6th.

Shares of GILT opened at $8.75 on Thursday. The stock’s 50-day moving average price is $8.41. Gilat Satellite Networks has a one year low of $7.94 and a one year high of $10.74. The company has a current ratio of 1.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02. The firm has a market cap of $483.48 million, a PE ratio of 29.17 and a beta of 0.64.

Gilat Satellite Networks (NASDAQ:GILT) last issued its quarterly earnings results on Tuesday, May 14th. The communications equipment provider reported $0.06 EPS for the quarter. Gilat Satellite Networks had a return on equity of 7.37% and a net margin of 7.25%. The company had revenue of $62.11 million during the quarter.

Several hedge funds have recently modified their holdings of GILT. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Gilat Satellite Networks in the 1st quarter valued at about $33,000. Jane Street Group LLC lifted its holdings in shares of Gilat Satellite Networks by 18.5% in the 4th quarter. Jane Street Group LLC now owns 17,829 shares of the communications equipment provider’s stock valued at $163,000 after buying an additional 2,788 shares during the period. Sphera Funds Management LTD. lifted its holdings in shares of Gilat Satellite Networks by 5.8% in the 1st quarter. Sphera Funds Management LTD. now owns 176,406 shares of the communications equipment provider’s stock valued at $1,482,000 after buying an additional 9,743 shares during the period. Menora Mivtachim Holdings LTD. lifted its holdings in shares of Gilat Satellite Networks by 0.9% in the 1st quarter. Menora Mivtachim Holdings LTD. now owns 214,974 shares of the communications equipment provider’s stock valued at $1,806,000 after buying an additional 1,892 shares during the period. Finally, Norges Bank acquired a new position in shares of Gilat Satellite Networks in the 4th quarter valued at about $2,107,000. 16.18% of the stock is owned by institutional investors and hedge funds.

About Gilat Satellite Networks

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions and services in Israel, Latin America, Asia, the Asia Pacific, North America, Africa, Europe, and CIS countries. It operates through three segments: Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure Projects.

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