Strength Seen in Gilat (GILT): Can Its 9.8% Jump Turn into More Strength?

Gilat Satellite (GILT) shares soared 9.8% in the last trading session to close at $6.70. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.2% gain over the past four weeks.The increase in share price can be attributed to the lucrative deals that the company secured over the past week. Recently, Gilat won $9 million in orders from key satellite operators for its SkyEdge IV and SkyEdge II-c communication platforms, with delivery pl ...