|Bid||7.80 x 900|
|Ask||8.06 x 1200|
|Day's range||7.60 - 8.05|
|52-week range||6.58 - 22.69|
|Beta (5Y monthly)||0.24|
|PE ratio (TTM)||7.69|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||08 Jan 2021|
|1y target est||N/A|
Gilat stock has seen some volatile swings over the last year. Gilat's valuation surged following the announcement of a significant contract win in January, but the stock lost ground in conjunction with the sell-offs of riskier tech stocks. Gilat stock has continued to move lower in April.
Shares of Gilat Satellite Networks (NASDAQ: GILT) tumbled today after the company reported disappointing fourth-quarter 2020 results. Fourth-quarter revenue of $42.6 million was down significantly compared to the $78.3 million in sales in the year-ago quarter. Additionally, Gilat posted an adjusted loss per diluted share of $0.03 in the quarter, compared to earnings of $0.16 in the year-ago quarter.
The perfect dividend stock offers more than just a beefy yield. Based on those criteria, I'm afraid that income investors should walk away from Gilat Satellite Networks (NASDAQ: GILT). Gilat's leadership was hoping to continue the practice of sharing surplus cash with stockholders, but you know what they say about the best-laid plans of mice and men.