Gilat Satellite Networks (GILT, Financial) experienced a notable stock price increase of 5.53%. The stock is currently priced at $5.53 per share with a trading volume of 206,153 shares and a turnover rate of 0.36%. The stock's price volatility is recorded at 5.06%.
Recent financial reports indicate that Gilat Satellite Networks generated a revenue of $74.61 million and a net profit of $6.82 million. The earnings per share (EPS) stand at $0.12, with a gross profit of $27.68 million, resulting in a price-to-earnings (P/E) ratio of 19.05. All three institutions that rated the stock have given it a buy recommendation, with none suggesting hold or sell advice.
Within the communications sector, where Gilat operates, the overall decline was 1.13%. Among related stocks, Commscope Holding Company, Inc., Cambium Networks Corporation, and Ceragon Networks showed significant gains. Actelis Networks, Inc., Akoustis Technologies, Inc., and Siyata Mobile, Inc. were notably active, with turnover rates of 19.53%, 15.45%, and 11.14% respectively. Stocks with high volatility included Ondas Holdings Inc., Vislink Technologies, and Akoustis Technologies, Inc., with price swings of 16.91%, 16.59%, and 15.61% respectively.
Gilat Satellite Networks specializes in satellite-based broadband communications. The company designs and manufactures ground satellite communication equipment and offers comprehensive solutions and services. Its product range includes cloud-based satellite network platforms, very small aperture terminals (VSAT), amplifiers, high-speed modems, mobile antennas, high-power solid-state power amplifiers (SSPA), block up converters (BUC), and transceivers. These solutions support various applications, including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense, and public safety.
