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Why Gilat Satellite Networks Stock Sank 25.1% in March

TheMotleyFool

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Why Gilat Satellite Networks Stock Sank 25.1% in March

Shares of Gilat Satellite Networks (NASDAQ: GILT) slumped by 25.1% in March, according to data from S&P Global Market Intelligence. The satellite communications company was coming off a poorly received quarterly report that it delivered in February, and also moved lower in conjunction with the tech sector's big pullback.