Why Gilat Satellite Networks Stock Skyrocketed Today
Shares of Gilat Satellite Networks (NASDAQ: GILT) rallied today after the company said it was awarded a multi-million dollar contract with two mobile operators in Mexico by AXESS Networks.
The tech stock was by as much as 33.2% today and had gained 31% as of 11:57 a.m. EST.
Gilat provides cellular backhaul solutions via satellites that will allow AXESS to connect hundreds of its cellular sites for two of its mobile network operators.
Source Fool.com
