Revenue Update on Gilat Satellite Networks Ltd.(NASDAQ:GILT)

Gilat Satellite Networks Ltd.(NASDAQ:GILT) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.13.

Gilat Satellite Networks Ltd. (GILT) shares turned negative on Wednesdays trading session with the shares closing down -0.05 points or -0.91% at a volume of 68,637. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.58. The peak price level was also seen at $5.58 while the days lowest was $5.38. Finally the shares closed at $5.42. The 52-week high of the shares is $6.19 while the 52-week low is $3.608545. According to the latest information available, the market cap of the company is $241 M.

Gilat Satellite Networks Ltd. (Gilat) is a provider of products and services for satellite-based broadband communications. The Company operates in three segments: Commercial Division which provides very small aperture terminal (VSAT) networks satellite communication products small cell solutions and associated professional services to service providers satellite operators and mobile network operators (MNOs) around the world including for high throughput satellites (HTS); Mobility Division which provides on-the-Move / on-the-Pause satellite communication products and solutions to system integrators defense and homeland security organizations around the world and also includes the operations of Wavestream its subsidiary whose sales are primarily to system integrators defense and homeland security organizations and Service Division consisting of service businesses in Peru and Colombia offers rural telephony and Internet access solutions.

Add Comment