Gilat Satellite Networks Ltd. is a NASDAQ listed security that has been trading in a range between $7.60 and $10.26 over the past year. With 38,820,350 shares outstanding, a recent price of $8.80 gives a total market capitalization of $339,678,063. While there are certainly larger companies, Gilat Satellite Networks Ltd. has definitely earned its place in the pack. Last year, Gilat Satellite Networks Ltd. created $0.43 in earnings for every share outstanding.
Gilat Satellite Networks Ltd. is currently priced by the market at 20.30 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, Gilat Satellite Networks Ltd. could be an interesting value proposition. Consistent earnings are the key to high valuations and this security is well on its way.
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