Gilat Satellite Networks Overview
Gilat Satellite Networks (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, The company creates and delivers deep technology solutions for satellite, ground, and new space connectivity and provide comprehensive, secure end-to-end solutions and services for mission-critical operations, powered by our innovative technology. The company's portfolio includes a diverse offering to deliver high-value solutions for multiple orbit constellations with very high throughput satellites (VHTS) and software-defined satellites (SDS). Their offering is comprised of a cloud-based platform and high-performance satellite terminals; high-performance Satellite On-the-Move (SOTM) antennas; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense, field services, network management software, and cybersecurity services. Gilat’s comprehensive offering supports multiple applications with a full portfolio of products and tailored solutions to address key applications including broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, broadcast, government, and critical infrastructure clients all while meeting the most stringent service level requirements.
Cumulative Funding Raised Over Time ($)
$30.0MOct 2014
$96.0MSep 2025
Latest News
growth-positive
A Look at Gilat Satellite Networks (NasdaqGS:GILT) Valuation Following $42M in SkyEdge IV Global Orders
Gilat Satellite Networks has secured $42 million in new orders for its SkyEdge IV platform, enhancing its position in global satellite connectivity. This development has contributed to a significant increase in the companys share price, with a 26.6% gain over the past month and a 141.6% increase year-to-date. The company is experiencing strong investor confidence, driven by growing global demand for secure satellite connectivity solutions. Despite these positive developments, analysts suggest that the companys current stock price may be overvalued, trading above the consensus fair value. The company is benefiting from increased geopolitical tensions and public infrastructure modernization, which are expanding its market. However, potential challenges such as margin pressure and production delays could impact future growth.
CustomersInvestment
growth-positive
Gilat Satellite Networks (GILT) Is Up 8.4% After Securing $42 Million SkyEdge IV Orders – What's Changed
In October 2025, Gilat Satellite Networks Ltd. announced securing US$42 million in orders from a leading satellite operator for its SkyEdge IV multi-orbit platform, with deliveries planned over 12 months. This order signifies the growing global adoption of Gilats technology for next-generation connectivity, supporting sectors like in-flight Wi-Fi, maritime mobility, and enterprise broadband. The order is expected to strengthen Gilats growth outlook by expanding recurring platform revenues, despite existing risks of margin compression from a lower-margin business mix. Additionally, an August in-flight connectivity terminal contract valued at over US$60 million aligns with this momentum, highlighting large, multi-year contracts as key growth drivers. However, ongoing risks to gross margins and profitability remain a concern.
Customers
growth-positive
Iridium Communications (IRDM) Q3 Earnings and Revenues Top Estimates
Iridium Communications reported quarterly earnings of $0.35 per share, surpassing the Zacks Consensus Estimate of $0.26 per share, marking a 34.62% earnings surprise. This compares favorably to the previous years earnings of $0.21 per share. The company also reported revenues of $226.94 million, exceeding the consensus estimate by 1.29% and showing growth from last years $212.77 million. Despite these positive results, Iridiums shares have declined by about 32.3% since the start of the year, underperforming the S&P 500s gain of 13.9%. The companys future stock performance will depend on managements commentary and earnings outlook. Currently, Iridium holds a Zacks Rank #3 (Hold), indicating expected market-aligned performance.
growth-positive
Gilat to Report Third Quarter 2025 Results on Wednesday, November 12th
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced the release of its third quarter 2025 financial results on November 12, 2025. The company will host a conference call and webcast to discuss these results and business achievements. Gilat provides satellite-based broadband communications solutions for commercial and defense applications, with a comprehensive portfolio that includes cloud-based platforms, satellite terminals, and cybersecurity services. The announcement is growth-positive as it highlights the companys ongoing business activities and achievements.
growth-positive
Gilat Receives $42 Million in Orders from a leading Satellite Operator for its Multi-Orbit SkyEdge IV Platform
Gilat Satellite Networks Ltd. announced that its Commercial Division has received $42 million in orders from a leading satellite operator for its multi-orbit SkyEdge IV platform. These orders will expand the global deployment of the SkyEdge IV platform, which supports critical applications like In-Flight Connectivity (IFC), maritime mobility, enterprise broadband, and cellular backhaul. The growing demand for IFC and free Wi-Fi on commercial flights is driving global investment in satellite infrastructure. The SkyEdge IV platforms scalability and efficiency enable operators to meet the increasing demand for high-speed broadband. This development highlights the strong confidence in Gilats technology as satellite operators expand to meet global connectivity needs.
CustomersProduct Stage
| Sector | Aerospace, Defense & HLS |
Funding
| Total funding | $96M |
| Last funding | $66M |
| Stage | Public |
| Rounds | 4 |
| Investors | 2 |
Team Members
8
Employees: 500+
Web & Social Links
| Website | www.gilat.com |
| Careers | Careers page |
| App Store | App Store |
| Google Play | Google Play |
Locations
21 Yegia Kapayim Street, Petah Tiqva, Israel
Bulgaria
South Africa
India
Spain
Kazakhstan
Peru
Australia
Thailand
Mexico
Colombia
Philippines
Brazil
Indonesia
Moldova
Singapore
United States
Photos & Videos
4 item(s)
Gilat Satellite Networks Business
Business models
B2G, B2B
Product stage
Released
Employees
500+
Sector
Aerospace, Defense & HLSSpace TechCommunication & NavigationTarget Customer
Financial ServicesFinancial InstitutionsBanksCommunication ServicesWireless & MobileBroadband Networks & NGNCable & SatelliteDiversified Telecommunication ServicesTransportation & LogisticsLogisticsAviationDefense, Safety & SecurityNational SecurityMilitaryGovernment & CityGovernmentCore Technology
CommunicationsSatellites5GTags (33)
cyber-securityhomeland-securitydual-usedefensevsattrackingsatcomunmanned-aerial-vehicletelecommunication-equipmentwireless-communicationcellular-backhaulmobile-devicestelecommunicationbroadbandsatellitesaerospaceastrospaceenterprisesantennasastronauticsunmanned-aerial-systemsfinanceoil-and-gas-companieseducationretailersmobile-applicationsbanksspace-techconnectivity5g-networkssmart-mobilityaviationmarineGeographic Markets
IndonesiaChinaSingaporeColombiaIndiaKazakhstanBrazilMexicoAsiaPhilippinesAustraliaPeruNetherlandsBulgariaIsraelThailandMoldovaSouth AmericaSouth AfricaEuropeGilat Satellite Networks Financials
$96M
Total funding
Undisclosed
Capital raised
$66M
Last funding
Public
Funding stage
4
Total rounds
2
Investors
Cumulative Funding Raised Over Time ($)
$30.0MOct 2014
$96.0MSep 2025
Private Equity Funding
PIPE
Sep 2025
$66M
PIPE
Oct 2014
$30M
Dov Baharav, FIMI Opportunity Funds
Public Offering / Exit
POEvent
Feb 2004
Undisclosed
POEvent
Apr 1993
Undisclosed
Mergers & Acquisitions
MNAEvent
Jun 2024
$245M
MNAEvent
Mar 2023
Undisclosed
MNAEvent
Oct 2010
$130M
MNAEvent
Mar 2010
$25M
MNAEvent
Jul 2000
Undisclosed
Gilat Satellite Networks Lifecycle
Cumulative Funding Raised Over Time
$30.0MOct 2014
$96.0MSep 2025
All Events
PIPE
Sep 2025
$66M
PIPE
Oct 2014
$30M
Dov Baharav, FIMI Opportunity Funds
POEvent
Feb 2004
Undisclosed
POEvent
Apr 1993
Undisclosed
MNAEvent
Jun 2024
$245M
MNAEvent
Mar 2023
Undisclosed
MNAEvent
Oct 2010
$130M
MNAEvent
Mar 2010
$25M
MNAEvent
Jul 2000
Undisclosed
Gilat Satellite Networks News
297 articles
growth-positive
A Look at Gilat Satellite Networks (NasdaqGS:GILT) Valuation Following $42M in SkyEdge IV Global Orders
Gilat Satellite Networks has secured $42 million in new orders for its SkyEdge IV platform, enhancing its position in global satellite connectivity. This development has contributed to a significant increase in the companys share price, with a 26.6% gain over the past month and a 141.6% increase year-to-date. The company is experiencing strong investor confidence, driven by growing global demand for secure satellite connectivity solutions. Despite these positive developments, analysts suggest that the companys current stock price may be overvalued, trading above the consensus fair value. The company is benefiting from increased geopolitical tensions and public infrastructure modernization, which are expanding its market. However, potential challenges such as margin pressure and production delays could impact future growth.
CustomersInvestment
growth-positive
Gilat Satellite Networks (GILT) Is Up 8.4% After Securing $42 Million SkyEdge IV Orders – What's Changed
In October 2025, Gilat Satellite Networks Ltd. announced securing US$42 million in orders from a leading satellite operator for its SkyEdge IV multi-orbit platform, with deliveries planned over 12 months. This order signifies the growing global adoption of Gilats technology for next-generation connectivity, supporting sectors like in-flight Wi-Fi, maritime mobility, and enterprise broadband. The order is expected to strengthen Gilats growth outlook by expanding recurring platform revenues, despite existing risks of margin compression from a lower-margin business mix. Additionally, an August in-flight connectivity terminal contract valued at over US$60 million aligns with this momentum, highlighting large, multi-year contracts as key growth drivers. However, ongoing risks to gross margins and profitability remain a concern.
Customers
growth-positive
Iridium Communications (IRDM) Q3 Earnings and Revenues Top Estimates
Iridium Communications reported quarterly earnings of $0.35 per share, surpassing the Zacks Consensus Estimate of $0.26 per share, marking a 34.62% earnings surprise. This compares favorably to the previous years earnings of $0.21 per share. The company also reported revenues of $226.94 million, exceeding the consensus estimate by 1.29% and showing growth from last years $212.77 million. Despite these positive results, Iridiums shares have declined by about 32.3% since the start of the year, underperforming the S&P 500s gain of 13.9%. The companys future stock performance will depend on managements commentary and earnings outlook. Currently, Iridium holds a Zacks Rank #3 (Hold), indicating expected market-aligned performance.
growth-positive
Gilat to Report Third Quarter 2025 Results on Wednesday, November 12th
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced the release of its third quarter 2025 financial results on November 12, 2025. The company will host a conference call and webcast to discuss these results and business achievements. Gilat provides satellite-based broadband communications solutions for commercial and defense applications, with a comprehensive portfolio that includes cloud-based platforms, satellite terminals, and cybersecurity services. The announcement is growth-positive as it highlights the companys ongoing business activities and achievements.
growth-positive
Gilat Receives $42 Million in Orders from a leading Satellite Operator for its Multi-Orbit SkyEdge IV Platform
Gilat Satellite Networks Ltd. announced that its Commercial Division has received $42 million in orders from a leading satellite operator for its multi-orbit SkyEdge IV platform. These orders will expand the global deployment of the SkyEdge IV platform, which supports critical applications like In-Flight Connectivity (IFC), maritime mobility, enterprise broadband, and cellular backhaul. The growing demand for IFC and free Wi-Fi on commercial flights is driving global investment in satellite infrastructure. The SkyEdge IV platforms scalability and efficiency enable operators to meet the increasing demand for high-speed broadband. This development highlights the strong confidence in Gilats technology as satellite operators expand to meet global connectivity needs.
CustomersProduct Stage
growth-positive
Satellite Communication Market Surges to $33.2 billion by 2029 - Dominated by Starlink (US), Globalstar Inc (US), Hughes Networks Systems (US)
The global Satellite Communication Market is projected to grow significantly, from USD 16.9 billion in 2024 to USD 33.2 billion by 2029, with a CAGR of 14.5%. The growth is driven by increased demand for connectivity in remote areas and the expansion of IoT and M2M communications. However, high initial investment and regulatory challenges pose restraints. Opportunities lie in the rising demand for satellite-based connectivity in maritime and aviation industries, as well as disaster management. Key players include Starlink, Globalstar Inc, Hughes Networks Systems, and others. The broadcasting services segment is expected to have the largest market size, driven by technological convergence and increased demand for diverse programming.
growth-positive
Gilat (GILT) Is Up 16.7% After Securing Over $7 Million in U.S. Army SATCOM Orders Has the Bull Case Changed?
Gilat Satellite Networks Ltd. has secured over $7 million in orders from the U.S. Army for transportable SATCOM terminals, highlighting its growing presence in defense satellite communications. This contract is part of a broader strategy to capture demand for secure satellite connectivity in defense and government markets. Despite the positive impact of this contract, the company faces challenges such as margin compression and operational risks. Additionally, Gilats $25 million broadband modernization contract in Peru underscores its international reach, though it is subject to political and budgetary uncertainties. The companys revenue and earnings projections for 2028 indicate a need for significant growth.
Customers
growth-positive
Gilat Satellite Networks to Present at the LD Micro Main Event XIX
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced its participation in the LD Micro Main Event XIX, scheduled for October 19-21, 2025, in San Diego, California. The companys CFO, Mr. Gil Benyamini, will present to investors on October 21, 2025, at 9:30 AM PT. The event will feature senior executives from public and private companies across various sectors. Gilat will also offer one-on-one meetings with investors throughout the day. The company provides satellite-based broadband communications solutions for commercial and defense applications, supported by its subsidiaries. The participation in the event is expected to enhance investor relations and showcase Gilats technological advancements.
growth-positive
3 Stocks Estimated To Be Trading At Discounts Up To 44.4%
Byrna Technologies Inc., a less-lethal self-defense technology company, is identified as undervalued with a significant discount to its fair value. Trading at $22.48, it is below its estimated fair value of $31.88. The company has shown strong growth, with net income rising to $4.09 million for the first half of 2025, supported by revenue increases and strategic board appointments. The company generates $103.53 million in revenue from its Aerospace & Defense segment. The article highlights Byrnas promising business outlook and potential for growth in the security sector. Meanwhile, Gilat Satellite Networks Ltd. is also noted for its undervaluation and recent significant orders, indicating potential growth.
CustomersPartners
growth-positive
Gilat Satellite (GILT) is a Great Momentum Stock: Should You Buy?
The article discusses the momentum investing strategy and highlights Gilat Satellite (GILT) as a promising stock due to its strong performance metrics. Gilat Satellite has achieved a Momentum Style Score of B and a Zacks Rank of #1 (Strong Buy), indicating its potential for continued growth. The companys stock has shown significant price increases over various time frames, outperforming both its industry and the S&P 500. The article emphasizes the importance of short-term price activity and trading volume as indicators of momentum. Overall, Gilat Satellites recent performance suggests it is a strong candidate for momentum investors.
growth-positive
Gilat Receives Over $7 Million Orders to Supply Transportable SATCOM Terminals to the U.S. Army
Gilat Satellite Networks Ltd. has announced that its subsidiary, Gilat DataPath, has received orders exceeding $7 million to supply Transportable SATCOM Terminals to the U.S. Army. These orders include multiple units of the DKET 3421 terminal, which is designed for mission-critical connectivity in defense operations. The deliveries are scheduled for completion by the end of 2025. This contract reflects the U.S. Armys continued trust in Gilats technology for secure and relocatable SATCOM infrastructure. Gilat is a global leader in satellite-based broadband communications, providing solutions for both commercial and defense applications.
Customers
growth-positive
Globalstar Bets on XCOM RAN: Could This Be the Next Big Growth Driver?
Globalstar, Inc. is strategically investing in XCOMs Radio Access Network (RAN) technology to enhance its satellite communications services. The company announced the commercial availability of its XCOM RAN for private wireless deployments, which promises significantly higher capacity than existing 5G systems. Globalstars first 5G data call using XCOM RAN demonstrated its potential for mission-critical applications. Despite increased cash costs impacting EBITDA, Globalstar remains optimistic about the long-term profitability of XCOM RAN. The company anticipates 2025 revenues between $260-$285 million, with adjusted EBITDA margins around 50%. The satellite communications sector is competitive, with companies like Iridium Communications and Gilat Satellite Networks expanding their markets.
Product StagePartners
growth-positive
Jim Cramer Says “You Can Still Buy the Stock of Gilat Satellite”
Gilat Satellite Networks Ltd. (NASDAQ:GILT) was discussed by Jim Cramer, who expressed a positive outlook on the stock despite it reaching a 52-week high. The company, known for its satellite broadband solutions and equipment manufacturing, has recently launched an AI-powered Network Management System with Model Context Protocol. This system is designed to enhance efficiency and simplify operations for software-defined satellite systems. While the potential of GILT as an investment is recognized, the article suggests that other AI stocks might offer greater upside potential. The article was originally published by Insider Monkey.
growth-positive
Globalstar Reiterates 2025 Outlook: Understated or Playing Safe?
Globalstar has reiterated its 2025 revenue outlook and expects significant growth in its adjusted EBITDA margins. The company reported an 11% increase in second-quarter revenues, driven by growth in wholesale capacity services and commercial IoT. Globalstar is advancing new platforms like the RM200 two-way module and XCOM RAN, which are gaining traction in various sectors. The company is also expanding its infrastructure with the C-3 system, adding antennas across multiple countries to boost network capacity. Additionally, Globalstar is moving towards next-generation MSS capabilities with the HIBLEO-XL-1 filing. Despite the competitive satellite and communication industry, Globalstars initiatives position it for potential revenue acceleration beyond current guidance.
Product StagePartnersExpand
growth-positive
Gilat Satellite Networks (NasdaqGS:GILT): Evaluating Valuation Following Advanced AI Launch and Share Price Surge
Gilat Satellite Networks has integrated advanced AI into its Network Management System, attracting significant investor attention and resulting in a 31% increase in its stock price over the past month. The AI-driven upgrades enable real-time network monitoring and dynamic configuration, potentially unlocking further growth. Despite the positive momentum, there are concerns about future earnings growth and an elevated price-to-earnings ratio. The company has seen record new defense contracts and major government programs, expanding its addressable market. However, challenges such as slowing production ramp-up and margin pressure could impact its growth story. The company is viewed as modestly overvalued with a fair value of $11.00.
InvestmentCustomersPartners
growth-positive
Gilat Satellite Networks (GILT) Is Up 5.4% After AI Integration and $66M Share Sale – What's Changed
Earlier this month, Gilat Satellite Networks completed a private placement, raising approximately $66 million by selling 7,058,820 shares at $9.35 each. Concurrently, the company announced the integration of advanced AI capabilities into its Network Management System, aiming to enhance automation and network optimization. This strategic move is expected to improve efficiency and strengthen Gilats position in the satellite connectivity market. Despite these positive developments, the company faces challenges such as margin pressure and profitability uncertainties due to shifts in product mix and cost headwinds. The AI-driven transformation aligns with Gilats long-term goals of achieving recurring revenue and stabilizing profitability. The companys outlook projects $648.6 million in revenue and $35 million in earnings by 2028, reflecting a 22.9% annual revenue growth rate.
PIPEInvestment
growth-positive
Globalstar Surges 37% in Three Months: Is the Stock Still a Buy?
Globalstar, Inc. has experienced a 37.3% increase in its stock over the past three months, although it has underperformed compared to the broader Satellite and Communication Industry. The company is benefiting from strong second-quarter results, strategic developments, and an innovative product pipeline. Key growth drivers include increased revenues from wholesale capacity services and commercial IoT, as well as advancements in new platforms like the RM200 two-way module and XCOM RAN. Globalstar is also undergoing a comprehensive infrastructure upgrade, including the construction of new gateway infrastructure in Greece and Singapore, to support its next-generation Extended MSS Network. These developments position Globalstar for further growth and expansion into new markets.
Product StageCustomersPartnersExpand
growth-positive
Gilat Becomes First to Market with AI-Powered Network Management System
Gilat Satellite Networks Ltd. has announced the AI transformation of its Network Management System (NMS) by integrating the Model Context Protocol (MCP). This integration introduces new AI capabilities that are available immediately, enhancing the companys satellite communications technology. The NMS-MCP acts as a gateway between the NMS and AI agents, supporting authentication, licensing, and secure communication. The AI models available include GPT Series 4, 5, and Claude Sonnet 4, which enable various use cases such as AI-driven Network Operations Center (NOC) agents and Software-Defined Satellite (SDS) environments. This transformation is expected to improve efficiency, resource utilization, and quality of service for Gilats customers, marking a significant milestone in the companys AI journey.
growth-positive
Gilat Announces Private Placement of US$66 Million to Institutional and Accredited Investors
Gilat Satellite Networks Ltd. announced a private placement of its Ordinary Shares to Israeli institutional and accredited investors, raising approximately $65 million. The shares will be sold at a 6.3% discount over the 7-day Volume Weighted Average Price, representing about 11% of the companys issued and outstanding shares post-transaction. The proceeds will be used for general corporate purposes. The transaction is subject to customary closing conditions and is expected to be completed in September 2025. The shares will not be registered under the U.S. Securities Act and will be subject to transfer restrictions.
Investment
growth-positive
Gilat Receives More Than $7 Million Order to Provide the U.S. DoD with Transportable SATCOM Terminals
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced that its subsidiary, Gilat DataPath, has been awarded a contract to provide Transportable SATCOM Terminals to the U.S. Department of Defense. The contract, valued at over $7 million, includes multiple units of the DKET 3421 transportable terminals and support services, with deliveries expected by the end of 2025. This award highlights Gilat DataPaths capability to deliver mission-critical communications solutions and reinforces its position in the defense sector. The DKET 3421 terminal is a field-proven solution that supports multi-carrier operations, catering to the growing demand for rapid-deployment SATCOM solutions in dynamic environments.
Customers
growth-positive
Is Astera Labs, Inc. (ALAB) Stock Outpacing Its Computer and Technology Peers This Year?
Astera Labs, Inc. (ALAB) is currently outperforming its peers in the Computer and Technology sector, with a year-to-date stock performance of 42.8%, compared to the sectors average of 14.4%. The company holds a Zacks Rank of #1 (Strong Buy), indicating a strong earnings outlook and positive analyst sentiment. The Zacks Consensus Estimate for ALABs full-year earnings has increased by 67.9% over the past three months. Astera Labs is part of the Internet - Software industry, which has gained an average of 20.5% this year, further highlighting ALABs strong performance. Investors are encouraged to monitor Astera Labs and similar stocks for continued growth.
growth-positive
What Makes Gilat Satellite (GILT) a Strong Momentum Stock: Buy Now?
The article discusses the momentum investing strategy, focusing on Gilat Satellite (GILT) as a promising stock due to its recent performance. Gilat Satellite has a Momentum Style Score of B and a Zacks Rank of #1 (Strong Buy), indicating strong potential for future growth. The companys shares have risen significantly, outperforming the Zacks Satellite and Communication industry and the S&P 500 over various time frames. The article highlights the importance of short-term price activity and industry comparison in evaluating momentum stocks. Overall, Gilat Satellites recent price increases and favorable industry comparisons suggest it is a strong candidate for momentum investors.
growth-positive
Gilat Receives an Additional $25 Million Agreement to Advance Digital Inclusion in Peru
Gilat Satellite Networks Ltd. has signed a $25 million agreement with Pronatel, Peru’s national telecommunications program, to modernize the Regional Broadband network in the Cusco region. This project aims to deliver high-speed internet to 208 public institutions and 69 public WiFi hotspots, enhancing access to education, healthcare, and public safety services. The initiative underscores Gilats commitment to digital inclusion and expanding connectivity in remote areas. The project will be executed over the next 12 months, with services provided for five years, building on Gilats ongoing partnership with the Peruvian State.
PartnersCustomers
growth-positive
Gilat Awarded Over $60 Million for Stellar Blu ESA Sidewinder Terminals
Gilat Satellite Networks Ltd. has announced a significant milestone in its in-flight connectivity expansion strategy with over $60 million in orders from a leading satellite operator for its Stellar Blu ESA Sidewinder terminals. These orders will support new airline fleet awards and the first production run for Boeings OEM linefit terminal. The company aims to redefine airborne connectivity and expand into high-value markets such as VVIP and special mission aircraft. Gilat, a global leader in satellite networking technology, offers a comprehensive portfolio of solutions for commercial and defense applications, emphasizing connectivity across various sectors.
CustomersProduct Stage
growth-negative
Gilat Satellite Networks (NASDAQ:GILT) Strong Profits May Be Masking Some Underlying Issues
Gilat Satellite Networks Ltd. released a solid earnings report, showing a significant profit boost due to unusual items and a tax benefit. The company reported a US$6.2 million gain from unusual items and a US$1.4 million tax benefit, which contributed to its profitability. However, these factors are considered one-off and may not be sustainable, potentially leading to a future drop in profitability. The article suggests that while the earnings report appears strong, the underlying factors may not reflect the companys true sustainable profitability level. Shareholders are advised to be cautious as these elements may give an overly optimistic view of the companys financial health.
growth-positive
Gilat Defense Lands Multimillion-Dollar Israeli SATCOM Contract
Gilat Satellite Networks Ltd. has secured a multimillion-dollar contract with Israels Ministry of Defense to deliver and integrate advanced satellite communication (SATCOM) systems. This contract, scheduled for completion by the end of 2025, highlights Gilats capability to provide mission-critical solutions tailored to the specific needs of defense forces. The companys Defense division is experiencing growth due to increased global demand for secure communication technologies, driven by geopolitical tensions and rising defense spending. Gilats portfolio positions it well to capitalize on these trends, with significant orders from the Israeli Ministry of Defense and a substantial contract with the U.S. Army.
CustomersPartners
growth-positive
Is Astera Labs, Inc. (ALAB) Outperforming Other Computer and Technology Stocks This Year?
Astera Labs, Inc. is a standout performer in the Computer and Technology group, boasting a Zacks Rank of #1 (Strong Buy) and a significant 45% return year-to-date, outperforming the sectors average return of 14.6%. The companys earnings outlook has improved, with the Zacks Consensus Estimate for full-year earnings increasing by 72.5% in the past quarter. This positive sentiment highlights Astera Labs strong market position and potential for continued growth. The article also mentions Gilat Satellite as another top performer in the sector, with a 48% year-to-date return and a Zacks Rank of #1.
growth-positive
Gilat Receives a Multimillion Contract from Israel’s Ministry of Defense for Advanced Strategic Defense SATCOM Project
Gilat Satellite Networks Ltd., a leader in satellite networking technology, has secured a multimillion-dollar contract with Israels Ministry of Defense. The contract involves the delivery and integration of advanced satellite communication systems tailored to meet the operational needs of Israels defense forces. These systems are designed for harsh environments and are expected to be delivered by the end of 2025. This contract highlights Gilats capability to provide mission-critical solutions and reflects its strategic focus on defense applications. The deal is expected to positively impact the companys growth by expanding its defense sector footprint.
Customers
growth-positive
Best Momentum Stocks to Buy for August 11th
The article highlights three companies with strong momentum characteristics and a Zacks Rank #1, making them attractive for investors. Tutor Perini Corporation, a construction company, has seen its earnings estimate increase by 55.4% over the last 60 days, with its shares gaining 60.7% in the past three months. Gilat Satellite Networks Ltd., a satellite-based broadband communications company, experienced a 78.8% increase in earnings estimates and a 33.2% rise in share price over the same period. Watts Water Technologies, Inc., a manufacturer of water quality solutions, saw a 5.8% increase in earnings estimates and an 18.6% gain in share price over six months. All three companies possess a Momentum Score of A.
growth-positive
Will Gilat (GILT) Gain on Rising Earnings Estimates?
Gilat Satellite (GILT) is experiencing a positive trend in its earnings outlook, making it an attractive option for investors. The companys stock has been performing well, and analysts continue to raise their earnings estimates, indicating further potential for growth. The Zacks Rank system, which rates stocks based on earnings estimate revisions, has given Gilat a #1 (Strong Buy) rating. This rating is supported by a strong correlation between earnings estimate revisions and stock price movements. Over the past month, Gilats consensus earnings estimates for the next quarter and full year have increased significantly, reflecting growing analyst optimism. The stock has risen 16.7% in the past four weeks, and further upside is anticipated.
growth-negative
Gilat Satellite Networks Ltd.'s (NASDAQ:GILT) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Gilat Satellite Networks has experienced a 32% increase in stock price over the past three months, but concerns arise due to inconsistent financials, particularly its return on equity (ROE). The companys ROE of 7.1% is below the industry average of 13%, and its net income has declined by 5.4% over the past five years, while the industry has grown by 15%. This suggests potential issues with profit retention and competitive pressures. Despite the recent stock price increase, the companys financial performance raises questions about its growth potential.
growth-positive
Satellite Internet Ground Station & Data Center Market Forecast Report to 2030, with Profiles of Viasat, SES, Hughes Network Systems, Intelsat, Telesat Canada, Gilat Satellite Networks, and More
The Satellite Internet Ground Station & Data Center Market is experiencing significant growth, driven by the rapid deployment of low Earth orbit (LEO) satellite constellations by companies like SpaceX, OneWeb, and Amazon. The market, valued at USD 62.14 billion in 2024, is expected to reach USD 125.63 billion by 2030, with a CAGR of 12.45%. This growth is fueled by the increasing demand for high-bandwidth services and the need to close the global digital divide. The expansion of LEO satellite constellations necessitates a dense network of ground stations and data centers to manage high-frequency communications and process large volumes of data.
Product StageInvestment
growth-positive
Gilat: Q2 Earnings Snapshot
Gilat Satellite Networks Ltd., based in Petah Tikva, Israel, reported a net income of $9.8 million for its second quarter. The companys earnings per share were 17 cents, with adjusted earnings at 21 cents per share. Gilat, a satellite broadband communications company, achieved a revenue of $105 million during this period. The financial results indicate a positive growth trajectory for the company.
growth-positive
Gilat Reports Second Quarter 2025 Results
Gilat Satellite Networks Ltd. reported a strong financial performance for Q2 2025, with revenues increasing by 37% to $105 million compared to the previous year. The company also reported a GAAP operating income of $5.7 million and an adjusted EBITDA of $11.8 million. The company raised its 2025 revenue and EBITDA guidance, expecting a higher growth rate. Gilats CEO highlighted the companys momentum in both defense and commercial sectors, with significant achievements in their SkyEdge IV platform and increased adoption in the aviation market. The company also reported new orders from Pronatel in Peru, indicating strong customer engagement.
CustomersProduct Stage
growth-positive
Gilat to Present at the 28th Annual Oppenheimer Technology, Internet & Communications Virtual Conference on Monday, August 11
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced its participation in the 28th Annual Oppenheimer Technology, Internet & Communications Virtual Conference on August 11, 2025. The companys CEO, Mr. Adi Sfadia, will be available for one-on-one meetings with investors. Gilat provides satellite-based broadband communications solutions for commercial and defense applications, offering a comprehensive portfolio that includes a cloud-based platform, high-performance satellite terminals, and advanced antennas. The company is committed to providing communication solutions globally, supporting applications such as government, defense, and critical infrastructure. The announcement highlights Gilats ongoing engagement with the investment community and its commitment to innovation and connectivity.
growth-positive
Gilat Awarded Over $8 Million from Israel’s Ministry of Defense for Strategic Defense Communication Solutions
Gilat Satellite Networks Ltd., a leader in satellite networking technology, has secured a contract worth over $8 million from Israels Ministry of Defense. This contract involves the delivery and integration of advanced satellite communication systems tailored for military applications. The systems are designed to operate in harsh environments, meeting the operational needs of Israels defense forces. This strategic win underscores Gilats focus on the Israeli defense market and highlights the capabilities of its unified defense offering, which includes subsidiaries like Gilat Wavestream and Gilat DataPath.
Customers
growth-positive
Zacks Industry Outlook Highlights Globalstar, Iridium Communications and Gilat Satellite Networks
The article discusses the potential growth opportunities for companies in the satellite and communication industry, including Globalstar, Iridium Communications, and Gilat Satellite Networks Ltd. Despite macroeconomic uncertainties such as tariff issues, inflation, and supply chain dynamics, the industry is poised for growth due to technological advancements and increased global connectivity demands. The expansion of internet services in remote areas through low Earth orbit constellations and the rise of AI, machine learning, and big data applications are key drivers. The industry is expected to benefit from increased defense and space infrastructure budgets, with significant growth potential in global security threats and demand for high-quality imagery and value-added services.
growth-positive
3 Stocks to Watch From the Satellite and Communication Industry
The article discusses the transformative phase of the satellite and communication industry, driven by technological progress and global connectivity needs. Despite macroeconomic uncertainties, including tariff issues, inflation, and supply chain dynamics, the industry is poised for growth due to increasing demand for satellite broadband services, particularly in remote areas. Companies like Globalstar, Iridium Communications, and Gilat Satellite Networks are well-positioned to benefit from this trend, with significant growth potential in global security, defense budgets, and high-quality imagery services. The industrys future is shaped by increased government spending on space infrastructure, although challenges such as competition from fiber optics and terrestrial networks remain.
growth-positive
Gilat Awarded Approximately $60 Million to Provide Digital Inclusion Solutions in Peru
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced a significant contract win with Pronatel, Perus national telecommunications program. The $60 million order involves upgrading the Regional Broadband infrastructure in Apurímac, Huancavelica, and Ayacucho regions. This project will deliver high-speed internet of 200 Mbps to nearly 800 public institutions, including schools and health centers, over the next four years. The initiative aims to close the digital divide and enhance connectivity in rural Peru, reflecting Gilats ongoing partnership with the Peruvian State and commitment to digital access. The project underscores Gilats expertise in executing complex connectivity projects and its dedication to increasing digital inclusion.
Neutral
Gilat to Report Second Quarter 2025 Results on Wednesday, August 6th
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced the release of its second quarter 2025 financial results scheduled for August 6, 2025. The company, which provides satellite-based broadband communications, will host a conference call to discuss its results and business achievements. Gilat offers a range of solutions for commercial and defense applications, including satellite terminals, antennas, and network management software. The company faces various risks, including market competition and geopolitical tensions. The announcement does not indicate any immediate growth-positive or growth-negative impact, focusing instead on the upcoming financial disclosure.
growth-positive
Ferrari and Gilat Satellite Networks have been highlighted as Zacks Bull and Bear of the Day
Ferrari, a luxury sports car manufacturer, has been highlighted as a strong buy by Zacks Equity Research due to its consistent earnings beats and positive earnings surprises. The company has posted four consecutive beats of the Zacks Consensus Estimate, with the most recent earnings showing a 2.5% positive surprise. Earnings estimates for Ferrari have been revised upwards, with significant growth projected for the fiscal years 2025 and 2026. Analysts expect revenue growth of 13.5% for 2025 and 10.2% for 2026. Despite its high valuation metrics, such as a forward PE of 47.5x and a price-to-book ratio of 31.35x, the company is expected to continue its growth trajectory.
growth-negative
Gilat Satellite Networks (NASDAQ:GILT) May Have Issues Allocating Its Capital
The article discusses the financial performance of Gilat Satellite Networks, focusing on its Return on Capital Employed (ROCE). The companys ROCE has decreased from 5.2% to 3.7% over the past five years, underperforming the industry average of 14%. Despite this, the company has seen growth in revenue and assets, suggesting investments in growth. The stock has increased by 65% over the last five years, indicating investor optimism. However, the current low ROCE suggests a growth-negative impact in the short term, though long-term prospects may be positive if investments succeed.
growth-negative
Bear Of The Day: Gilat Satellite Networks (GILT)
Gilat Satellite Networks, a provider of broadband satellite communication and networking solutions, has been classified as a Zacks Rank #5 (Strong Sell) after missing earnings expectations. Despite the stocks recent surge, the companys earnings estimates have been revised downwards, with the current fiscal year consensus dropping from $0.50 to $0.33 over the last 60 days. Gilat operates through segments like Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure Projects, and is headquartered in Petah Tikva, Israel. The companys recent performance and downward revision in earnings estimates suggest a negative growth outlook.
growth-positive
Gilat Awarded More Than $7 Million to Provide the U.S. Army With Services in Support of Mission-Critical Communications
Gilat Satellite Networks Ltd., a leader in satellite networking technology, has announced a significant contract award through its subsidiary, Gilat DataPath. The contract involves providing field and technical services to the U.S. Army, with an initial award of over $7 million and potential growth up to $70 million over five years. This award is part of the Global Tactical Advanced Communication Systems II (GTACS II) program. The contract highlights Gilats capabilities in delivering innovative satellite communications services to modernize defense capabilities. The company continues to offer integrated solutions for both commercial and defense applications, supporting various satellite constellations and technologies.
Customers
growth-positive
Gilat Awarded Over $22 Million in Orders from Tier One Satellite Operators
Gilat Satellite Networks Ltd. has announced receiving over $22 million in orders from leading satellite operators globally, scheduled for delivery over the next 12 months. This development underscores Gilats growing influence in the satellite networking sector, particularly in the In-Flight Connectivity (IFC) market. The orders reflect trust in Gilats products and solutions, which support advanced connectivity across GEO, MEO, and LEO constellations. Gilats offerings, including ground segment infrastructure and system management, help operators enhance network performance and scalability. The company continues to innovate across its multi-orbit portfolio, reinforcing its position as a key enabler in satellite connectivity.
Customers
growth-positive
EchoStar (SATS) Moves 49.1% Higher: Will This Strength Last?
EchoStars stock surged by 49.1% following a report that President Donald Trump intervened in a regulatory dispute regarding the companys wireless spectrum licenses. This intervention is seen as a significant boost for EchoStar, which has been working to protect its valuable spectrum crucial for 5G deployment. Despite the positive stock movement, EchoStar faces challenges, including high debt and expected quarterly losses. The company plans to sell its Dish TV/Sling business to reduce debt. EchoStars recent financial results exceeded expectations, and there is a positive trend in earnings estimate revisions. The stock is currently ranked #3 (Hold) by Zacks.
Public TradingManagement Changes
growth-positive
GILT Wins Orders Worth $27M for Stellar Blu ESA Terminals Portfolio
Gilat Satellite Networks Ltd. has secured $27 million in new orders for its advanced electronically steered antenna (ESA) terminal technology, developed by Gilat Stellar Blu. The ESA terminal is gaining traction in the aviation industry due to its compact design and high performance. The company is experiencing growth in its Commercial and Defense segments, driven by the acquisition of Stellar Blu and increased global demand for secure communication technologies. Despite a slight decline in earnings per share, revenues have increased by 21% compared to the previous year, primarily due to the Commercial segments expansion. The companys focus on innovation and market traction positions it well to capitalize on the growing demand for airborne connectivity solutions.
CustomersAcquisition
growth-positive
Those who invested in Gilat Satellite Networks (NASDAQ:GILT) a year ago are up 20%
Gilat Satellite Networks Ltd. has experienced a 10% decline in its share price over the last quarter, but over the past year, the companys stock has outperformed the market with a 20% increase. Despite a 40% drop in earnings per share, the company has seen a 13% year-on-year revenue growth, suggesting that investors are focusing on metrics other than EPS. The CEOs remuneration is modest compared to peers, and the companys total shareholder return over one year is notably higher than its five-year average. This indicates improved stock performance and potential investment opportunities.
growth-positive
Gilat Secures $27 Million for Gilat’s Stellar Blu Portfolio
Gilat Satellite Networks Ltd. has announced a significant $27 million order for its Gilat Stellar Blu ESA Terminal technology, highlighting the growing demand for high-performance connectivity solutions in the aviation sector. The orders, which will be delivered over the next 12 months, underscore the companys strong position in the commercial, business, and defense aviation markets. Gilats technology is designed to meet the increasing connectivity demands of airborne platforms, offering scalable and agile communication solutions. This development is a positive indicator of the companys growth trajectory and its ability to innovate in the satellite networking industry.
Customers
growth-positive
Gilat Signs a $40 Million Contract for Virtualized SkyEdge IV Platform
Gilat Satellite Networks Ltd. announced a $40 million contract for its virtualized SkyEdge IV platform, which is designed with a cloud-native architecture and is ready for future 5G-NTN standards. This platform represents a significant advancement in satellite ground networks, enabling operators to meet modern connectivity demands. The contract is expected to be delivered over the next 24 months and marks a major step in Gilats evolution strategy, focusing on adaptability, scalability, and efficiency. The deployment also supports the companys move towards a 5G-NTN standard platform, promising new revenue streams and connectivity across terrestrial and non-terrestrial networks.
Product StageCustomers
growth-positive
Gilat Receives Over $25 Million in Orders for its Multi-Orbit Satellite Solutions
Gilat Satellite Networks Ltd. announced that its Commercial Division has received over $25 million in orders from leading global satellite operators. These orders, scheduled for delivery throughout 2025 and 2026, highlight the continued demand for Gilats In-Flight Connectivity (IFC) solutions and broader satellite-based connectivity services. The orders reflect confidence in Gilats portfolio for multi-orbit constellations, including GEO, MEO, and LEO, and underscore the companys leadership in the IFC market. Gilats technologies are designed to meet the high-performance requirements of mobility-driven services, supporting a range of commercial satellite applications. The company continues to provide reliable, high-performance solutions across various satellite communications applications.
Customers
growth-negative
Gilat Satellite Networks Ltd. Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts
Gilat Satellite Networks Ltd. recently released its quarterly earnings report, which led to a 12% drop in its stock price to US$5.86. The companys revenues of US$92 million fell short of analyst predictions by 8.1%, and it reported a statutory loss of US$0.11 per share, contrary to expectations of a profit. Analysts have adjusted their forecasts, predicting a 34% revenue growth to US$430.8 million by 2025, but also a 69% drop in earnings per share to US$0.075. Despite the negative earnings outlook, the consensus price target remains at US$8.40, indicating confidence in the companys valuation. Gilats growth rate is expected to outpace the industry average significantly.
growth-negative
Gilat's Q1 Earnings Miss Despite Higher Revenues, Shares Slide 10%
Gilat Satellite Networks Ltd. reported a decline in first-quarter 2025 adjusted earnings per share, missing the Zacks Consensus Estimate. Despite a 21% increase in revenues to $92 million, driven by the acquisition of Stellar Blu and growth in the Defense segment, the company faced challenges from global macroeconomic uncertainties and changing trade policies. The commercial segment, particularly the IFC business, showed steady expansion, with the Sidewinder product installed on over 150 aircraft. However, shares fell 10.3% due to mixed performance. Gilat restructured into three divisions: Defense, Commercial, and Peru, with commercial revenues rising significantly due to the Stellar Blu acquisition.
AcquisitionCustomersManagement Changes
growth-negative
Gilat Satellite Networks First Quarter 2025 Earnings: Misses Expectations
Gilat Satellite Networks reported a revenue of $92.0 million, marking a 21% increase from the first quarter of 2024. However, the company experienced a net loss of $6.00 million, a significant decline from a $4.96 million profit in the previous quarter. Earnings per share also fell short of analyst expectations, with a $0.10 loss per share compared to a previous $0.087 profit. Despite missing revenue and EPS estimates, the company forecasts a 19% annual revenue growth over the next three years, outpacing the 7.5% growth forecast for the US Communications industry. The companys shares have decreased by 9.2% over the past week.
growth-positive
Gilat Satellite Networks Ltd (GILT) Q1 2025 Earnings Call Highlights: Strong Revenue Growth ...
Gilat Satellite Networks Ltd reported a 21% year-over-year increase in Q1 2025 revenues, reaching $92 million, driven by the acquisition of Stellar Blu, which contributed $25 million to the revenue. The commercial segment saw a 56% increase in revenues, and the defense segment experienced strong demand. However, the company reported a GAAP net loss of $6 million, impacted by lower margins and supply chain issues affecting Stellar Blus production. Despite these challenges, Gilat is strategically positioned for growth, with a strong backlog and pipeline supporting its 2025 guidance. The Peru segment faced revenue declines due to project delays.
AcquisitionCustomers
growth-positive
Gilat Reports First Quarter 2025 Results
Gilat Satellite Networks Ltd. reported a 21% increase in revenues for Q1 2025, reaching $92 million. Despite a GAAP operating loss of $2.7 million, largely due to costs associated with the acquisition of Gilat Stellar Blu, the company achieved a non-GAAP operating income of $5.2 million. The company reiterated its 2025 guidance, expecting significant revenue and EBITDA growth. Gilats CEO highlighted strong performance in the defense sector and expansion in the commercial IFC business. The company is collaborating with partners to expand into new applications and is developing broader modem compatibility for its Sidewinder ESA, which is now operational on over 150 aircraft.
AcquisitionCustomersPartners
growth-negative
Gilat: Q1 Earnings Snapshot
Gilat Satellite Networks Ltd., based in Petah Tikva, Israel, reported a financial loss of $6 million in its first quarter, equating to a loss of 11 cents per share. However, when adjusted for non-recurring costs, earnings were 3 cents per share. The companys revenue for the period was $92 million, and it anticipates full-year revenue to be between $415 million and $455 million. This financial performance indicates a growth-negative impact on the company. The article was generated by Automated Insights using data from Zacks Investment Research.
growth-negative
Gilat Satellite (GILT) Q1 Earnings and Revenues Lag Estimates
Gilat Satellite reported quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.07 per share, representing a -57.14% earnings surprise. The company also reported revenues of $92.04 million, falling short of the consensus estimate by 13.98%. Despite outperforming the market with an 8.6% share price increase since the beginning of the year, the companys earnings outlook remains uncertain. The Zacks Rank for Gilat is currently #3 (Hold), indicating that the shares are expected to perform in line with the market in the near future. The companys future performance will largely depend on managements commentary and changes in earnings estimates.
growth-positive
Individual investors account for 50% of Gilat Satellite Networks Ltd.'s (NASDAQ:GILT) ownership, while institutions account for 50%
The article discusses the ownership structure of Gilat Satellite Networks, highlighting that individual investors hold a significant portion of the companys shares, with 50% ownership. Institutional investors also hold 50% of the shares, indicating a balanced distribution of ownership. Phoenix Investments & Finances Ltd is the largest shareholder with 19% of shares. The article suggests that the companys shares are widely disseminated, with no dominant shareholder. This diversified ownership structure implies potential stability and growth prospects, as institutional investors typically increase their stake in growing companies. The article also notes that multiple analysts cover the stock, which could influence its future performance.
growth-positive
Gilat's Q1 Earnings Ahead: Will Solid Deal Win Momentum Buoy Top Line?
Gilat Satellite Networks Ltd. is set to report its first-quarter 2025 results, with expectations of a revenue increase driven by investments in the defense sector. The company has seen a 19.9% share price increase over the past six months, outperforming the industry. Gilat has secured significant contracts, including a $6 million order from an Asia-Pacific military group and a $23 million contract with the U.S. Department of Defense. Recent acquisitions, such as Stellar Blu Solutions and DataPath, are expected to enhance its market presence, particularly in in-flight connectivity and defense. The company is also involved in next-generation satellite communications, collaborating with OneWeb and Iris Square.
Product StageAcquisitionCustomersPartners
growth-positive
Gilat Expands ESA Portfolio With Successful ESR-2030Ku LEO Test Flight
Gilat Satellite Networks Ltd. successfully completed test flights for its ESR-2030Ku electronically steered antenna (ESA), designed for the OneWeb network. The tests, conducted in collaboration with Gogo, demonstrated the antennas strong performance on the OneWeb LEO satellite network. Gogo will be the exclusive distributor for business aviation and defense markets. Gilat plans to deliver production hardware by 2025 to support customer Supplemental Type Certificates. The ESR-2030Kus performance enhances Gilats portfolio, positioning it to capitalize on the growing LEO ESA market. Additionally, Gilats defense division secured a multimillion-dollar order from a global defense organization and a significant contract with the U.S. Department of Defense, valued at up to $23 million.
Product StagePartnersCustomers
growth-positive
Gilat Expands and Adds to its ESA Antenna Portfolio with a Successful Test Flight of ESR-2030Ku on Eutelsat OneWeb Low Earth Orbit (LEO) Network
Gilat Satellite Networks Ltd. announced the successful completion of test flights for its ESR-2030Ku electronically steered antenna (ESA), conducted in collaboration with Gogo. The ESA demonstrated excellent performance on the OneWeb Low Earth Orbit (LEO) network, achieving stable and reliable connectivity. This positions Gilat to expand its market presence in the business and defense aviation sectors with a comprehensive multi-orbit offering. The ESR-2030Ku is designed for mobility and efficiency, delivering high throughput and full-duplex connectivity. Production hardware delivery is expected later in 2025 to support customer STCs. This development is part of Gilats strategy to capitalize on the growing market for LEO-based ESA solutions.
PartnersProduct Stage
growth-positive
3 Stocks to Watch From the Satellite and Communication Industry
The Zacks Satellite and Communication industry is facing challenges due to macroeconomic uncertainty, tariffs, inflation, and supply chain issues, which could affect growth prospects. Despite these headwinds, the industry is poised for growth driven by technological advancements and increasing global connectivity needs. The expansion of internet services in remote areas through low Earth orbit (LEO) constellations is boosting demand for satellite broadband services. Companies like Iridium Communications, Globalstar, and Gilat Satellite Networks have significant growth potential due to rising global security threats, increasing defense budgets, and demand for high-quality imagery and value-added services. The industry is characterized by rapid technological progress, with AI, machine learning, and big data creating new use cases across various sectors.
growth-positive
Gilat to Participate in the 20th Annual Needham Technology, Media & Consumer Conference on May 13th, 2025
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced its participation in the 20th Annual Needham Technology, Media and Consumer Conference in New York City. The companys CEO, Adi Sfadia, and CFO, Gil Benyamini, will be available for one-on-one meetings with investors. Gilat provides satellite-based broadband communications solutions for commercial and defense applications, with a comprehensive portfolio that includes a cloud-based platform, high-performance satellite terminals, and advanced antennas. The company is committed to providing communication solutions globally, despite challenges such as market competition and geopolitical risks. The participation in the conference is expected to enhance investor relations and promote Gilats offerings.
Neutral
Gilat to Report First Quarter 2025 Results on Monday, May 19th
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced the release of its first quarter 2025 financial results scheduled for May 19, 2025. The company will hold a conference call and webcast, led by CEO Adi Sfadia and CFO Gil Benyamini, to discuss the results and business achievements. Gilat provides satellite-based broadband communications and offers solutions for commercial and defense applications. The company supports multi-orbit constellations and high-throughput satellites, providing a range of products and services including satellite terminals, antennas, and network management software. The announcement is primarily informational, detailing the upcoming financial results release and related events.
growth-positive
Gilat Stock Up 23% in the Past Six Months: Will the Uptrend Continue?
Gilat Satellite Networks Ltd. has shown resilience in a volatile market, with a 23.2% gain over the past six months. The company, a leader in satellite-based broadband services, is capitalizing on the growing demand for defense SATCOM solutions. Recently, Gilat secured a multimillion-dollar order from a global defense organization for advanced antenna technology and a significant contract with the U.S. Department of Defense for Satellite Transportable Terminal units, valued at up to $23 million. Additionally, Gilat announced a $6 million contract for its SkyEdge II-c platform with a military organization in the Asia-Pacific region. The company has also formed a new Defense Division to meet the increasing demand for secure SATCOM solutions.
CustomersPartners
growth-positive
Gilat Receives Over $15 Million in Orders from Leading Satellite Operators
Gilat Satellite Networks Ltd. announced it has received over $15 million in orders from leading global satellite operators, indicating strong demand for its satellite networking technology and services. The orders, scheduled for delivery throughout 2025, highlight Gilats leadership in providing broadband mobility solutions across GEO, MEO, and LEO Very High Throughput Satellite (VHTS) constellations. The companys comprehensive solutions are trusted for their flexibility, performance, and scalability, supporting a wide range of products and solutions. This development reinforces Gilats position as a key player in expanding global broadband connectivity.
Customers
growth-positive
Gilat Wins Multimillion Defense Deal for Antenna Technology
Gilat Satellite Networks Ltd. has secured a multimillion-dollar order from a leading global defense organization for its advanced antenna technology, with deliveries expected to start by the end of 2025. This order builds on a long-standing partnership, highlighting the trust in Gilats mission-critical technology. Additionally, Gilat Defense has been awarded a $23 million contract to provide sustainment and support services for the U.S. Department of Defenses Satellite Transportable Terminal units. The company also announced a $6 million contract for its SkyEdge II-c platform with a military organization in the Asia-Pacific region. These deals underscore Gilats expanding influence in the global defense SATCOM market.
CustomersPartners
growth-positive
Gilat Receives a Multimillion Order from a Global Defense Organization
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced that its Defense Division has received a multimillion-dollar order from a global defense organization for advanced antenna technology. This technology will be integrated into the organizations defense communication systems, with deliveries scheduled for late 2025. This order underscores Gilats commitment to providing high-performance solutions that meet the rigorous demands of defense applications. The announcement highlights the companys strong partnership with defense organizations and its reputation for technological excellence. Gilat continues to offer integrated solutions for commercial and defense markets, supporting various applications such as government, mobility, and critical infrastructure.
CustomersPartners
growth-positive
Gilat Receives over $11 Million Defense Contract from a Leading UAV Company
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced that its defense division, Gilat Defense, secured a contract exceeding $11 million for DKET 3420 transportable hubs. These hubs are designed for rapid satellite communication deployment, offering robust connectivity and scalability for mission-critical operations. The contract highlights Gilat Defenses role in providing cutting-edge SATCOM solutions for global defense applications. Deliveries are scheduled for later in the year. The DKET 3420 terminals support multi-carrier operations with a scalable modem architecture, ensuring efficient satellite utilization. This contract reinforces confidence in Gilats technology and commitment to delivering high-performance satellite communication solutions to defense customers.
Customers
growth-positive
Gilat Wins $23M Multi-Year Contract to Support STT Units for U.S. DoD
Gilat Satellite Networks Ltd. has secured a significant contract with the U.S. Department of Defense to provide sustainment and support services for Satellite Transportable Terminal units. The contract, valued at up to $23 million, spans a base program with extension options for up to five years. This deal underscores the importance of Gilats SATCOM systems in supporting global military operations and highlights the companys commitment to delivering high-performance satellite communication solutions. Additionally, Gilat announced a $6 million contract for its SkyEdge II-c platform with a military organization in the Asia-Pacific region, further solidifying its position in the defense sector. The companys ongoing investments in secure and reliable SATCOM solutions position it well for growth in the global defense communications market.
Customers
growth-negative
Sector Update: Tech Stocks Fall Premarket Monday
The article discusses the premarket performance of technology stocks on Monday, April 7, 2025. The Technology Select Sector SPDR Fund (XLK) experienced a decline of 2.7%. Other companies mentioned include GILT, META, and APP, which saw increases in their stock prices by 3.62%, 2.28%, and 5.86%, respectively. The article is part of a premium news service that requires a subscription to access full content. The focus is on the market performance of technology stocks and the impact on the sector.
growth-positive
Gilat Awarded Up to $23 Million Multi-Year Contract to Service Satellite Transportable Terminal Units for US DoD Customers
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced that its division, Gilat Defense, has been awarded a contract to provide sustainment and support services for Satellite Transportable Terminal (STT) units. These units are deployed worldwide to support U.S. Department of Defense (DoD) operations. The contract, which includes a base program with options to extend up to five years, is valued at up to $23 million. This contract highlights the critical role of Gilats SATCOM systems in supporting global defense operations and underscores the companys commitment to delivering high-quality services to its defense partners.
CustomersPartners
growth-positive
Gilat Satellite Networks Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag
Gilat Satellite Networks reported a revenue of US$305.4 million, marking a 15% increase from FY 2023. The net income rose by 5.7% to US$24.8 million, while the profit margin slightly decreased to 8.1% from 8.8%. Earnings per share (EPS) increased to US$0.44, surpassing analyst estimates by 4.8%. The Satellite Networks segment was the primary revenue driver, contributing US$198.2 million. Despite missing revenue estimates by 1.4%, the company forecasts a 19% annual revenue growth over the next three years, outpacing the US Communications industrys 7.7% growth forecast. The companys shares have decreased by 1.8% over the past week.
growth-negative
Gilat Announces Filing of 2024 Annual Report
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced the filing of its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission. The report contains audited financial statements for the year ending December 31, 2024. Gilat provides satellite-based broadband communications and offers solutions for commercial and defense applications. The company supports multi-orbit constellations and Very High Throughput Satellites (VHTS) through its subsidiaries. Despite its comprehensive portfolio, Gilat faces risks such as market competition, economic changes, and geopolitical tensions in Israel. The report highlights the companys commitment to providing global communication solutions while acknowledging potential challenges.
growth-positive
Should Value Investors Buy Gilat Satellite Networks (GILT) Stock?
The article discusses Gilat Satellite Networks (GILT), highlighting its strong position as a value stock. GILT holds a Zacks Rank of #2 (Buy) and an A grade for Value, making it attractive to value investors. The company is noted for its low P/S ratio of 1.23 compared to the industry average of 1.5, and a P/CF ratio of 9.95, which is significantly lower than the industry average of 29.05. These metrics suggest that GILT is currently undervalued, presenting a potential opportunity for investors. The article emphasizes the strength of GILTs earnings outlook and its potential as a great value stock.
growth-positive
Gilat Satellite Networks (NASDAQ:GILT) Ticks All The Boxes When It Comes To Earnings Growth
Gilat Satellite Networks, a company listed on NASDAQ under the ticker GILT, has shown a modest growth in earnings per share (EPS) over the past year, increasing from $0.41 to $0.44, marking a 5.1% gain. The company also reported a 15% increase in revenue, reaching $305 million, while maintaining stable EBIT margins. This indicates a positive growth trajectory for the company. The article suggests that investors should be cautious with loss-making companies and highlights the importance of profitability. Additionally, it mentions the importance of checking CEO compensation to ensure alignment with shareholder interests. The article does not mention any specific partnerships, customers, or investment events.
growth-positive
Dubi Lever, Gilat CTO Appointed New WAVE Consortium Board Chair, Leading Next Phase of SATCOM Virtualization
Gilat Satellite Networks Ltd. has announced the appointment of Dubi Lever as the new Chair of the WAVE Consortium Board. Lever, who has over 27 years of experience at Gilat, will lead strategic initiatives to advance the WAVE mission of transforming the SATCOM industry through open, interoperable, and virtualized networks. The WAVE Consortium, formed under IEEE-ISTO, aims to establish standardized architectures for waveform virtualization, enhancing agility, scalability, and cost-effectiveness in SATCOM networks. Levers leadership is expected to strengthen cross-industry collaboration and accelerate technology adoption, aligning with Gilats vision of open standards and reprogrammable solutions.
Management Changes
growth-positive
Gilat Wins $6M Defense Contract in Asia-Pacific, Stock Soars 14%
Gilat Satellite Networks Ltd. has secured a $6 million contract for its SkyEdge II-c satellite communications platform from a military organization in the Asia-Pacific region. This deal enhances Gilats position in the defense sector, providing secure and resilient SATCOM solutions for military operations. The contract is expected to support both fixed and mobile sites, ensuring reliable connectivity. Following the announcement, Gilats shares rose by 13.64%. The company is expanding its presence in the global military market, with a new Defense Division formed to meet the growing demand for secure SATCOM solutions. Additionally, Gilats U.S. subsidiary, Gilat DataPath, secured contracts exceeding $5 million from the U.S. Department of Defense and other international defense forces.
CustomersPartners
growth-positive
DSGX's Q4 Earnings Match, Stock Gains on Solid Revenue Growth
Descartes Systems reported a strong fourth-quarter fiscal 2025 performance, with non-GAAP EPS of 43 cents meeting the Zacks Consensus Estimate and revenues totaling $167.5 million, surpassing expectations. The company experienced a 13% year-over-year revenue increase, driven by robust domestic logistics and supply chain momentum. Key contributors included the MacroPoint solution and synergies from MyCarrierPortal and Sellercloud acquisitions, which bolstered sales in the US, Europe, and Australia. DSGX shares rose 2% following the results, reflecting a 21.1% gain over the past year. The company generated $60.7 million in cash from operations and held $236.1 million in cash as of January 31, 2025.
AcquisitionCustomers
growth-positive
Are Investors Undervaluing Gilat Satellite Networks (GILT) Right Now?
The article discusses Gilat Satellite Networks (GILT) as a promising value stock, highlighting its strong Zacks Rank of #2 (Buy) and a Value grade of A. The company is considered undervalued based on its P/S ratio of 1.25 and P/CF ratio of 10.05, both of which are favorable compared to industry averages. These metrics suggest that GILT is a solid investment opportunity, particularly for value investors. The article emphasizes the importance of fundamental analysis and traditional valuation metrics in identifying undervalued stocks. Overall, GILT is portrayed as a strong candidate for investors seeking value stocks with a positive earnings outlook.
growth-positive
Gilat Receives $6 Million Defense Contract to Provide Military Communications Solutions in Asia-Pacific
Gilat Satellite Networks Ltd. announced a $6 million contract to provide its SkyEdge II-c platform to a military organization in the Asia-Pacific region. This advanced satellite communications solution will support both fixed and mobility sites, ensuring secure and reliable connectivity for critical defense operations. The contract highlights Gilats expertise in delivering resilient satellite solutions for defense organizations worldwide and underscores its expansion in the defense market. The delivery of the solution is expected over the next three months, reinforcing Gilats position as a trusted provider of secure SATCOM solutions.
Customers
growth-negative
Can Mixed Fundamentals Have A Negative Impact on Gilat Satellite Networks Ltd. (NASDAQ:GILT) Current Share Price Momentum?
Gilat Satellite Networks has experienced an 11% increase in its stock price over the last three months. However, the companys Return on Equity (ROE) of 8.2% is below the industry average of 13%, raising concerns about its profitability and growth potential. The companys net income has declined by 13% over the past five years, while the industry has seen a growth of 6.4% in the same period. This discrepancy suggests potential issues such as a high payout ratio or competitive pressures. Investors are advised to consider the companys P/E ratio to determine if the stocks future prospects are promising or not.
growth-positive
Gilat (GILT) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
Shares of Gilat Satellite (GILT) have been struggling recently, losing 6% over the past week. However, a hammer chart pattern formed in its last trading session suggests potential support and a possible trend reversal. This technical pattern, combined with rising optimism among Wall Street analysts regarding the companys future earnings, indicates a positive outlook for the stock. Over the last 30 days, the consensus EPS estimate for the current year has increased by 6.4%, reflecting analysts confidence in better-than-expected earnings. The hammer pattern, a popular candlestick charting technique, signals a potential shift in market sentiment from bearish to bullish, especially when supported by positive earnings revisions.
growth-positive
Here's Why Gilat Satellite (GILT) is a Great Momentum Stock to Buy
The article discusses momentum investing, focusing on Gilat Satellite (GILT), which currently holds a Momentum Style Score of B and a Zacks Rank of #2 (Buy). The companys stock has shown significant positive momentum, with shares up 11.5% over the past week and 20.69% over the past quarter, outperforming its industry and the S&P 500. The article highlights the importance of short-term price activity and longer-term price metrics in evaluating a stocks momentum. Gilat Satellites strong performance suggests it is a promising momentum pick for investors.
growth-positive
Gilat to Invest up to $3.5 Million in Disruptive ESA Based Drone Detection Startup Crosense
Gilat Satellite Networks Ltd. has announced an investment of up to $3.5 million in Crosense, a startup specializing in drone detection and tracking technology. This investment is part of a funding round co-led by Frontier Capital and aligns with Gilats strategic focus on expanding its presence in the Homeland Security and Defense sectors. Crosense is developing a new class of electronically steered antenna-based systems for detecting and tracking drones, addressing the need for securing critical infrastructure. The partnership with Crosense is expected to enhance Gilats offerings in the defense sector and support Crosenses growth and innovation.
InvestmentPartners
growth-positive
Gilat Satellite Networks Ltd (GILT): Among VLEO Technology Stocks and Startups to Watch in 2025
The article discusses the potential of Very Low Earth Orbit (VLEO) technology, highlighting Gilat Satellite Networks Ltd as a notable player in this emerging sector. VLEO offers advantages such as lower latency and higher-resolution imaging, making it attractive for applications in telecommunications, Earth observation, and national security. The sector is experiencing rapid growth, with investments expected to rise significantly by 2027. The article suggests that VLEO technology is a promising area for investors due to its cost-effectiveness and the increasing demand for global connectivity and real-time data services. The commercialization of space, driven by private-sector initiatives and government contracts, further supports the growth outlook for companies in this niche.
growth-positive
Gilat Unveils Defense Division to Strengthen SATCOM Solutions
Gilat Satellite Networks Ltd. has launched a new Defense Division to meet the growing demand for secure SATCOM solutions for government and military applications. The division consolidates the expertise of Gilat, Gilat DataPath, and Gilat Wavestream to provide mission-critical connectivity solutions. The division will debut at Satellite 2025 in Washington, DC, showcasing new products like the GLT 1500 terminal and the Aquarius DS Family. Despite a decline in revenue due to exiting the Russian market, Gilat is focusing on expanding its defense portfolio and increasing investments in R&D, sales, and marketing. This strategic move aims to strengthen its position in the defense sector amid rising demand for SATCOM solutions.
Product StageCustomersPartners
growth-positive
Gilat Launches Gilat Defense Division: A New Division to Meet Growing Global Demand for Mission-Critical SATCOM Solutions
Gilat Satellite Networks Ltd. has announced the formation of a new Defense Division to address the growing demand for government and defense SATCOM solutions. The division, led by Gilad Landsberg, aims to provide secure, rapid-deployment SATCOM solutions tailored for military and government agencies. By integrating technologies from its subsidiaries, Gilat DataPath and Gilat Wavestream, the division offers end-to-end solutions with multiple layers of communication redundancy. The division will showcase its solutions at the Satellite 2025 show in Washington, D.C. This strategic move is expected to enhance Gilats commitment to providing advanced SATCOM solutions for modern defense operations.
Management Changes
growth-positive
Gilat Satellite Networks Ltd. (NASDAQ:GILT) Just Reported Annual Earnings And Analysts Are Lifting Their Estimates
Gilat Satellite Networks Ltd. recently released its annual results, which showed a positive performance despite an initial negative market reaction with shares dropping by 8.5%. The company reported revenues of US$305 million, aligning with analyst predictions, and a statutory profit of US$0.44 per share, exceeding expectations. Analysts have since upgraded their forecasts, predicting a 44% revenue growth to US$441.1 million by 2025, with earnings per share remaining steady at US$0.44. Despite these upgrades, the consensus price target remains at US$8.15, indicating no long-term impact on valuation. Analysts expect Gilat to grow significantly faster than its industry peers, projecting a 44% annual growth rate compared to the industry average of 8.6%.
growth-positive
Gilat's Q4 Earnings Surpass Estimates, Revenues Lag, Stock Tanks
Gilat Satellite Networks Ltd. reported a growth-positive fourth quarter for 2024, with adjusted earnings per share of 15 cents, surpassing the Zacks Consensus Estimate by 7.14%. The companys revenues reached $78.1 million, a 3% increase from the previous year, driven by strong performance in the defense and in-flight connectivity sectors. Despite missing the consensus revenue mark by 6.7%, Gilats acquisition of Stellar Blu has bolstered its position in the IFC market, offering advanced Electronically Steerable Antennas and multi-orbit solutions. The company is focusing on expanding its secure satellite solutions for government and military applications, particularly with the U.S. Department of Defense. However, shares fell 4% following the announcement, closing at $7.10.
Acquisition
growth-positive
Gilat Satellite Networks Ltd (GILT) Q4 2024 Earnings Call Highlights: Strong Revenue Growth and ...
Gilat Satellite Networks Ltd reported strong financial performance for Q4, with revenues reaching $78.1 million, contributing to a 15% year-over-year increase in full-year revenues to $305.4 million. The company completed the acquisition of Stellar Blue, enhancing its capabilities in the in-flight connectivity market. Gilat reorganized into three divisions to focus on growth strategies and secured significant orders, including $19 million from IFC partners and $9 million from defense organizations. Despite challenges such as the termination of activities in Russia and potential delays in contract renewals in Peru, the company projects continued revenue growth for 2025. The integration of Stellar Blue is in early stages, with potential challenges in achieving cost efficiencies.
AcquisitionCustomersPartners
growth-positive
3 Stocks to Watch From the Satellite and Communication Industry
The Zacks Satellite and Communication industry is poised for growth due to increasing access to space technology and the proliferation of AI, machine learning, and big data. Companies like Globalstar, Gilat Satellite Networks, and Telesat Corporation are expected to benefit from global security threats, rising defense budgets, and demand for high-quality imagery and services. Despite potential challenges from macroeconomic factors, the industry is seeing advancements in satellite manufacturing and technology. North America leads the market in small satellite launches, driven by government demand. The industry aligns with the U.S. Department of Defense’s strategy and international defense needs.
growth-positive
Here's What Investors Should Know Ahead of Gilat's Q4 Earnings
Gilat Satellite Networks Ltd. is set to report its fourth-quarter 2024 results on February 12, with expectations of a 27.3% growth in earnings per share and a 10.7% increase in revenue compared to the previous year. The companys shares have surged by 64.3% over the past six months. Gilats growth is driven by increased demand for defense SATCOM solutions and strategic acquisitions, such as DataPath in 2023. The company has secured significant contracts from the U.S. Department of Defense and other defense organizations. Additionally, Gilat is expanding its in-flight connectivity business, having received over $18 million in orders for its IFC solutions in December 2024.
CustomersPartnersAcquisition
growth-negative
Gilat Satellite Networks (NASDAQ:GILT) Might Be Having Difficulty Using Its Capital Effectively
The article discusses Gilat Satellite Networks and its return on capital employed (ROCE), which has decreased from 9.8% to 5.7% over the past five years. Despite this decline, the company has seen growth in revenue and assets, suggesting ongoing investments in growth. However, these investments have not yet translated into improved returns, as evidenced by a 13% drop in stock value over the same period. The article suggests that while the current ROCE trend is not promising, the companys reinvestment in its operations could potentially lead to long-term stock performance improvements.
growth-positive
Gilat Wins $4M Contracts for Advanced Portable Satellite Terminals
Gilat Satellite Networks Ltd., through its U.S.-based subsidiary Gilat DataPath, has secured $4 million in contracts from global defense clients for its portable satellite terminals. These contracts, which include the CCT200, CCT120, and QCT90 terminals, are expected to enhance the companys top-line performance by increasing its exposure and demand in the defense sector. Additionally, Gilat announced securing over $5 million in contracts from the US Department of Defense and international defense forces for DKET terminals and support services. The companys focus on high-quality SATCOM solutions is driving growth, as evidenced by a 17% year-over-year revenue increase in the last quarter. Gilat has also partnered with Hispasat for disaster recovery operations in response to Hurricane Helene.
CustomersPartners
growth-positive
Gilat Receives $4M in Orders for Advanced Portable Satellite Terminals from Global Defense Customers
Gilat Satellite Networks Ltd., through its US-based subsidiary Gilat DataPath, has secured $4 million in contracts from global defense customers for its portable satellite terminals, including the CCT200, CCT120, and QCT90 models. These terminals are designed to withstand harsh environmental conditions and provide reliable, high-speed connectivity. The contracts reflect the continued trust of defense organizations in Gilats solutions, which are crucial for mission-critical military operations. Gilats innovative SATCOM solutions strengthen its position as a trusted partner for defense organizations worldwide.
Customers
growth-positive
Gilat to Report Fourth Quarter and Full Year 2024 Results on Wednesday, February 12th
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, announced the release of its fourth quarter and full year 2024 financial results scheduled for February 12, 2025. The company, known for its satellite-based broadband communications solutions, will hold a conference call and webcast to discuss its financial performance and business achievements. Gilat offers a diverse portfolio of high-value solutions for various applications, including broadband access, mobility, and defense. The announcement highlights the companys commitment to providing comprehensive, secure, and innovative communication solutions worldwide.
growth-positive
Gilat Wins More Than $5M Deals to Boost Defense Forces' Connectivity
Gilat Satellite Networks Ltd., through its subsidiary Gilat DataPath, has secured contracts exceeding $5 million from the US Department of Defense and various international defense forces. These contracts involve DKET terminals and Field Service Representative support, to be executed worldwide over the next 12 months. This development highlights Gilat DataPaths reputation as a trusted partner in the defense sector, providing reliable solutions for mission-critical systems. The company has also secured additional orders for its advanced satellite communication platforms and teamed up with Hispasat for disaster recovery operations. These achievements underscore Gilats strong position in the satellite-based broadband services market, driven by growing demand for defense SATCOM solutions.
CustomersPartners
growth-positive
Gilat Awarded Over $5 Million to Support Critical Connectivity for Defense Forces
Gilat Satellite Networks Ltd., through its subsidiary Gilat DataPath, has secured over $5 million in contracts from the US Department of Defense and international defense forces. These contracts involve the delivery of DKET terminals and Field Service Representative support over the next 12 months. The agreements include both contract extensions and new partnerships, highlighting Gilat DataPaths role as a reliable provider of mission-critical communication solutions for military and defense operations. The companys offerings include satellite terminals, antennas, amplifiers, and cybersecurity services, ensuring seamless communication in challenging environments.
CustomersPartners
growth-positive
Gilat Partners Hispasat to Restore Connectivity After Hurricane Helene
Gilat Satellite Networks Ltd. has partnered with Hispasat to enhance disaster recovery operations for Southern Linc, following the devastation caused by Hurricane Helene. This collaboration highlights the critical role of satellite networks in emergency response, ensuring communication systems remain operational. Gilats recent financial performance has been strong, with a 17% increase in revenue driven by acquisition synergies and demand for defense and in-flight connectivity solutions. The company has secured significant orders for its SkyEdge platforms and SSPAs, and completed the acquisition of Stellar Blu Solutions, which is expected to significantly boost its revenue and EBITDA margin by 2025.
PartnersAcquisitionCustomers
growth-positive
Gilat and Hispasat Provided Immediate Satellite Communication to Support Disaster Recovery Efforts After Hurricane Helene
Gilat Satellite Networks Ltd., in partnership with Hispasat, swiftly responded to Southern Lincs urgent request for additional satellite capacity following Hurricane Helene. This rapid response ensured continuity of critical communication services for first responders and utilities in Georgia, highlighting the importance of reliable satellite connectivity during natural disasters. Gilats ability to provide dependable satellite network services within hours was crucial for Southern Lincs disaster recovery operations. The partnership with Hispasat enabled Gilat to deliver reliable solutions, ensuring that essential services remained operational during challenging circumstances.
PartnersCustomers
growth-positive
Gilat Secures Order of More Than $3M for its Cutting Edge SSPAs
Gilat Satellite Networks Ltd. has secured over $3 million in orders from prominent service providers for its Gateway Solid State Power Amplifiers (SSPAs), which support Low Earth Orbit satellite constellations. The company also received $9 million in orders for its SkyEdge platforms. Additionally, Gilat completed the acquisition of Stellar Blu Solutions LLC, enhancing its position in the In-Flight Connectivity market. These developments are expected to drive growth in satellite communication innovation and expand Gilats capabilities in high-end mobility sectors. The companys shares rose by 2.3% following these announcements.
CustomersAcquisition
growth-positive
Gilat Receives Over $3 Million in Orders to Support LEO Constellations
Gilat Satellite Networks Ltd. announced orders exceeding $3 million for its Gateway Solid State Power Amplifiers (SSPAs) from leading service providers to support Low Earth Orbit (LEO) constellations. These orders, expected to be delivered over the next 12 months, reinforce Gilats position as a key provider of high-performance RF solutions. The orders highlight the industrys trust in Gilats technology to meet the stringent requirements of LEO constellations, where high-power, lightweight, and energy-efficient solutions are essential. Gilats SSPAs are well-positioned to play a critical role in powering the next generation of satellite networks, enabling service providers to expand their capabilities and meet the growing demand for global connectivity.
Customers
growth-positive
Gilat Satellite Networks Ltd.'s (NASDAQ:GILT) Intrinsic Value Is Potentially 79% Above Its Share Price
The article discusses the valuation of Gilat Satellite Networks Ltd. using the Discounted Cash Flow (DCF) model. The analysis estimates the companys fair value at US$11.31 per share, suggesting that the current share price of US$6.32 is potentially 44% undervalued. The analyst price target for GILT is US$8.10, which is 28% less than the estimated fair value. The DCF model used in the analysis considers two stages of growth: an initial period with a higher growth rate and a second stage with a stable growth rate. The article provides a detailed breakdown of the projected cash flows and growth rates over the next decade, ultimately concluding that Gilat Satellite Networks is undervalued.
growth-positive
Gilat to Participate in the 27th Annual Needham Growth Conference on January 14, 2025
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced its participation in the 27th Annual Needham Growth Conference on January 14, 2025. The companys CEO, Adi Sfadia, and CFO, Gil Benyamini, will engage in one-on-one meetings with investors and host a fireside chat. Gilat provides satellite-based broadband communications solutions and services for various applications, including broadband access, mobility, and defense. The company emphasizes its commitment to global connectivity and offers a diverse portfolio of high-value solutions. The article highlights the companys innovative technology and its focus on addressing key applications across multiple sectors. Forward-looking statements are included, noting potential risks and uncertainties.
growth-positive
GILT Acquires Stellar Blu to Expand Footprint in the IFC Market
Gilat Satellite Networks Ltd. has completed the acquisition of Stellar Blu Solutions LLC, a U.S.-based provider of advanced SATCOM terminal solutions. The acquisition, announced in June 2024, aims to strengthen Gilats position in the In-Flight Connectivity market and expand its reach in high-end mobility sectors. Gilat anticipates annual revenues from the acquisition to range between $120 million and $150 million by 2025. The acquisition was finalized with a cash payment of $98 million, funded partly through a $100 million secured credit line from HSBC Bank USA and Bank Hapoalim. The deal may increase by up to $147 million if specific milestones are met. This strategic move aligns with the growing demand for high-quality in-flight Wi-Fi and is expected to open new growth opportunities across the aviation industry.
Acquisition
growth-positive
Gilat Acquires Stellar Blu to Boost IFC Market Presence
Gilat Satellite Networks Ltd. has acquired Stellar Blu Solutions LLC, a US-based provider of SATCOM terminal solutions, to enhance its position in the In-Flight Connectivity (IFC) market. This strategic acquisition is expected to significantly boost Gilats growth in the aviation and high-end mobility sectors, potentially adding $120-150 million in annual revenues by 2025. Gilat aims to leverage Stellar Blus advanced technologies to meet the increasing demand for in-flight Wi-Fi solutions, with plans to ship hundreds of terminals in the coming quarters. Gilat is a global leader in satellite-based broadband communications, providing comprehensive solutions for various applications, including broadband access, mobility, and defense.
Acquisition
growth-positive
Gilat Completes Acquisition of Stellar Blu Solutions LLC
Gilat Satellite Networks Ltd. has completed the acquisition of Stellar Blu Solutions LLC, a US-based provider of SATCOM terminal solutions, for $98 million. This acquisition is expected to significantly enhance Gilats presence in the In-Flight Connectivity (IFC) market, with anticipated annual revenues from Stellar Blu ranging between $120 and $150 million by 2025. The acquisition is expected to be accretive to Gilats non-GAAP results for 2025, with Stellar Blus EBITDA margin projected to exceed 10% once full manufacturing capacity is reached. The acquisition was funded through a combination of Gilats resources and a $100 million secured credit line from HSBC Bank USA and Bank Hapoalim.
AcquisitionInvestment
growth-positive
Gilat Secures $9 Million Orders for Advanced SkyEdge Platforms
Gilat Satellite Networks Ltd. has announced receiving $9 million in orders for its advanced SkyEdge IV and SkyEdge II-c satellite communications platforms from major satellite operators. These platforms are designed to provide high-performance satellite communications across multiple constellations, catering to applications such as maritime and enterprise solutions. This order highlights Gilats commitment to innovation and its position as a leading supplier of multi-orbit solutions, offering flexibility and scalability to meet diverse market demands. Gilat is a global leader in satellite-based broadband communications, with over 35 years of experience in providing comprehensive end-to-end solutions for mission-critical operations.
Customers
growth-positive
Strength Seen in Gilat (GILT): Can Its 9.8% Jump Turn into More Strength?
Gilat Satellite (GILT) shares rose by 9.8% due to lucrative deals and a recent acquisition. The company secured $9 million in orders from satellite operators for its SkyEdge platforms and received over $18 million in orders for its in-flight connectivity solutions. The acquisition of Stellar Blu Solutions is expected to enhance Gilats portfolio, with anticipated revenue of $120-$150 million in 2025. Gilats revenues increased by 17% year-over-year, driven by acquisition synergy and strong demand for defense and IFC solutions. The company is expected to post quarterly earnings of $0.14 per share, a 27.3% increase from the previous year, with revenues projected to be $83.7 million.
CustomersAcquisition
growth-positive
Gilat Receives $9 Million in Orders for Multi-Orbit SkyEdge Platforms
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced it has received $9 million in orders from major satellite operators for its advanced SkyEdge IV and SkyEdge II-c platforms. These platforms are designed to deliver robust satellite communications for various applications, including maritime, cellular backhaul, and enterprise solutions. The orders highlight Gilats commitment to innovation and its ability to provide flexible and scalable solutions for next-generation networks. The companys comprehensive offering supports multiple applications and includes a diverse range of products and tailored solutions for broadband access, mobility, and critical infrastructure clients.
Customers
growth-positive
Gilat Secures $18 Million in IFC Orders, Strengthening Market Position
Gilat Satellite Networks Ltd. has secured over $18 million in orders for its In-Flight Connectivity (IFC) solutions, primarily involving its SkyEdge platforms and SSPAs. This development is set to reinforce Gilat’s market position in the IFC sector, highlighting the increasing demand for its advanced connectivity solutions. The company is known for providing satellite-based broadband communications, offering a range of solutions for various applications including broadband access, mobility, and defense. The orders are expected to be delivered within the next year, indicating a positive outlook for Gilat’s growth in the IFC market.
Customers
growth-positive
Gilat Receives Over $18 Million in Orders for its In-Flight Connectivity Solutions
Gilat Satellite Networks Ltd. has announced securing over $18 million in orders for its In-Flight Connectivity (IFC) solutions, primarily for its SkyEdge platforms and related services. These orders, scheduled for delivery within the next 12 months, underscore the growing demand for advanced connectivity solutions in the IFC market, a strategic area for Gilat. The companys technology is designed to provide scalable and high-performance solutions to meet the increasing demand for reliable satellite connectivity. This development highlights Gilats strong position in the IFC market and its ability to address unique challenges and opportunities with its advanced technology and solutions.
Customers
growth-positive
3 Satellite Stocks That Investors Could Keep an Eye on in 2025
The article discusses the positive momentum in the satellite and communication industry, driven by factors like commercial space exploration, Earth observation, and the advent of 5G and IoT. Companies such as Gilat Satellite Networks, Globalstar, and Iridium Communications are expected to benefit from these trends by 2025. The satellite industry plays a crucial role in providing connectivity to remote areas, supporting global communications, and aiding in disaster response. The global satellite communication market is projected to grow at a CAGR of 10% from 2024 to 2030, fueled by the demand for High-throughput Satellite systems. Technological advancements in satellite manufacturing and the rise of Low Earth Orbit satellite networks tailored to IoT applications are key trends in the industry.
growth-negative
Gilat Satellite Networks (NASDAQ:GILT) shareholders have endured a 13% loss from investing in the stock five years ago
Gilat Satellite Networks Ltd. has experienced an 18% increase in its share price over the last three months, but its long-term performance has been disappointing. Over the past five years, the companys share price has decreased by 25%, underperforming the market. The companys earnings per share (EPS) have also declined at a rate of 2.1% per year, which is less than the 6% annual reduction in the share price. This suggests that the market was overly optimistic about the companys prospects in the past. Despite a history of dividend payouts, the total shareholder return (TSR) dropped by 13% over the last five years. The companys performance last year was particularly challenging, with a total loss of 6.2% against a market gain of about 25%.
growth-positive
Gilat Satellite Networks Set to Complete Stellar Blu Acquisition
Gilat Satellite Networks Ltd. has announced an amendment to its Purchase Agreement for acquiring Stellar Blu Solutions LLC. The acquisition is set to be completed on January 6, 2025, after receiving all necessary approvals. This strategic move is part of Gilats efforts to expand its market presence by integrating Stellar Blus capabilities, potentially enhancing its position in the satellite and communications industry. Gilat provides satellite-based broadband communications solutions, focusing on connectivity for internet service providers, enterprises, and government organizations. The companys current market cap is $349.5 million, with a year-to-date price performance of 0.33%.
Acquisition
growth-positive
3 Reasons Growth Investors Will Love Gilat (GILT)
The article discusses the growth potential of Gilat Satellite (GILT), a satellite broadband communications company, highlighting its strong growth prospects. The company is recommended by the Zacks Growth Style Score system due to its favorable Growth Score and top Zacks Rank. Gilats projected earnings per share (EPS) growth of 37.1% this year significantly outpaces the industry average of -25.5%. Additionally, the companys asset utilization ratio of 0.71 indicates efficient use of assets to generate sales, compared to the industry average of 0.29. Gilats sales are also expected to grow by 16.9% this year, surpassing the industry average of 3.9%. These factors make Gilat an attractive growth stock for investors.
growth-positive
Retail investors who hold 52% of Gilat Satellite Networks Ltd. (NASDAQ:GILT) gained 11%, institutions profited as well
The article discusses the ownership structure of Gilat Satellite Networks, highlighting that retail investors hold a significant 52% stake in the company, giving them substantial influence over management and business strategy. Institutional investors own 48% of the company, indicating a strong interest from larger financial entities. The top 25 shareholders collectively own 45% of the business, with Phoenix Investments & Finances Ltd being the largest shareholder at 17%. The article emphasizes the potential impact of changes in institutional investor sentiment on the companys stock price. Overall, the diverse ownership suggests a positive outlook for the companys growth, as evidenced by a recent US$35 million increase in market capitalization.
growth-positive
Gilat Satellite and Huntington Ingalls have been highlighted as Zacks Bull and Bear of the Day
Gilat Satellite Networks, a leader in satellite-based broadband communications, has been highlighted as the Bull of the Day by Zacks Equity Research. The company, which specializes in very small aperture terminal satellite communications, has shown strong financial performance with a recent 75% positive earnings surprise. The stock closed higher by 5.36% on a trading volume significantly above its 20-day average. The success of SpaceX and its increased valuation has brought attention to the satellite sector, positioning Gilat to benefit from this trend. Earnings estimates for Gilat have been revised upwards, indicating a positive outlook for the company.
growth-positive
Bull Of The Day: Gilat Satellite Network (GILT)
Gilat Satellite Networks, a leading provider of satellite-based broadband communications, is experiencing positive growth momentum. The company, which specializes in very small aperture terminal satellite communications, has seen its stock rise by 5.36% on higher-than-average trading volume. This growth is partly due to increased attention in the satellite sector, fueled by SpaceXs success and a significant investment from Fidelity Investments. Gilat has consistently posted positive earnings, with a recent 75% positive earnings surprise. The companys earnings estimates have been revised upwards, with significant sales growth expected in the coming years. The valuation metrics suggest that the stock is undervalued, with a forward multiple of 12x and a low price-to-book ratio.
growth-positive
Gilat Satellite (GILT) Just Flashed Golden Cross Signal: Do You Buy?
Gilat Satellite Networks Ltd. (GILT) is experiencing a positive technical trend known as a golden cross, where its 50-day moving average surpasses its 200-day moving average, indicating a potential bullish breakout. This technical pattern suggests a reversal from a downtrend to an upward momentum, which has already seen GILTs stock price rise by 9.7% over the last four weeks. The company is currently rated as a #2 (Buy) on the Zacks Rank, with positive changes in earnings expectations further supporting the bullish outlook. Investors are advised to monitor GILT for potential gains, as the stocks technical and earnings indicators align for a positive trend.
growth-positive
Here is Why Growth Investors Should Buy Gilat (GILT) Now
The article discusses Gilat Satellite (GILT) as a promising growth stock, recommended by the Zacks Growth Style Score system. Gilat Satellite is highlighted for its strong growth potential, with a projected EPS growth of 37.1% this year, surpassing the industry average of 24.1%. The company also demonstrates efficient asset utilization with a sales-to-total-assets ratio of 0.71, compared to the industry average of 0.29. Additionally, Gilats sales are expected to grow by 16.9% this year, while the industry average remains at 0%. These factors contribute to Gilats favorable growth score and top Zacks Rank, making it an attractive option for growth investors.
growth-positive
Earnings Estimates Rising for Gilat (GILT): Will It Gain?
Gilat Satellite (GILT) has shown a noticeable improvement in its earnings outlook, making it an attractive investment option. The companys stock has been performing well, with analysts raising their earnings estimates, indicating a positive trend in the companys financial prospects. The Zacks Rank system, which evaluates stocks based on earnings estimate revisions, has given Gilat a Rank #2 (Buy), reflecting strong analyst optimism. The companys earnings per share for the current quarter and full year are expected to increase significantly, with consensus estimates rising by 250% and 50%, respectively. This positive revision trend has contributed to a 9.7% increase in Gilats stock price over the past four weeks, suggesting investor confidence in its growth potential.
growth-positive
Gilat Satellite Networks Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
Gilat Satellite Networks Ltd. released its third-quarter results, showing a mixed response from the market. While revenues of US$75 million fell slightly short of expectations, earnings per share were significantly higher than anticipated, at US$0.12, which is 92% above estimates. Despite the initial negative market reaction, with shares dropping 9% to US$5.03, analysts have updated their forecasts positively. The consensus for 2025 predicts a 31% increase in revenue to US$397.9 million and a 26% rise in earnings per share to US$0.36. The analysts price target increased by 13% to US$7.90, indicating a more bullish outlook. The companys growth rate is expected to accelerate significantly compared to its historical performance and peers in the industry.
growth-negative
Gilat Satellite Networks Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Gilat Satellite Networks reported a revenue increase of 17% to US$74.6 million for the third quarter of 2024, but net income decreased by 33% to US$6.82 million. The profit margin fell from 16% to 9.1%, primarily due to higher expenses. Despite missing revenue estimates by 2.8%, the companys earnings per share (EPS) exceeded expectations by 92%. Looking forward, the company anticipates an average annual revenue growth of 15% over the next three years, outpacing the US Communications industrys forecasted growth of 8.2%. However, the companys shares have declined by 12% over the past week. The article provides a financial analysis of Gilat Satellite Networks, emphasizing the importance of considering both profit and loss statements and balance sheets.
growth-positive
Gilat Satellite Networks Ltd (GILT) Q3 2024 Earnings Call Highlights: Strong Revenue Growth ...
Gilat Satellite Networks Ltd reported a 17% year-over-year revenue growth for Q3 2024, driven by the acquisition of DataPath and strong performance in defense and inflight connectivity sectors. The company secured over $14 million in contracts with the U.S. Department of Defense and has a strong pipeline in Peru. However, organic revenue decreased by 10% year-over-year, excluding the DataPath acquisition. Gilat is exiting the Russian market, impacting revenue guidance. The acquisition of Stellar Blue Solutions is delayed due to regulatory approvals. Despite challenges, Gilat is making progress in the NGSO and LEO constellation markets, securing $15 million in orders. The company is also positioned for the IRIS SQUARED constellation project in Europe.
AcquisitionCustomersPartners
growth-positive
Gilat: Q3 Earnings Snapshot
Gilat Satellite Networks Ltd., based in Petah Tikva, Israel, reported a net income of $6.8 million for its third quarter, translating to 12 cents per share. Adjusted earnings were 14 cents per share. The company, which specializes in satellite broadband communications, achieved revenue of $74.6 million during this period. Gilat projects its full-year revenue to be between $305 million and $315 million. The financial results indicate a positive growth trajectory for the company.
growth-positive
Gilat Reports Third Quarter 2024 Results
Gilat Satellite Networks Ltd. reported a 17% increase in revenues for Q3 2024, reaching $74.6 million. The company achieved a GAAP operating income of $6.7 million and an adjusted EBITDA of $10.7 million. Despite a decrease in GAAP net income compared to Q3 2023, non-GAAP net income nearly doubled. The company narrowed its 2024 revenue guidance to $305-$315 million, reflecting a 17% year-over-year growth at the midpoint. The decision to terminate activities in Russia influenced this guidance. Gilats CEO highlighted strong performance in the Satellite Network segment and growth in defense opportunities following the acquisition of DataPath. The company aims to capture growth in government and military markets with its innovative satellite solutions.
CustomersAcquisition
growth-positive
Exploring Undiscovered Gems in the US This November 2024
Gilat Satellite Networks Ltd., a company specializing in satellite-based broadband communication solutions, has made a strategic acquisition of Stellar Blu Solutions. This acquisition is expected to significantly enhance Gilats revenue, potentially adding $120 million to $150 million by 2025, with an EBITDA margin exceeding 10%. The company has shown impressive earnings growth of 230% last year, outperforming the industry average. Gilats debt-to-equity ratio has also improved significantly over the past five years. Analysts have set a target share price of $8.50, indicating positive market sentiment and anticipated growth opportunities in the in-flight connectivity market.
Acquisition
Gilat Secures $5 Million in U.S. Defense Contracts
growth-positive
Gilat Receives Approximately $5 Million in Orders from US Defense Customers
Gilat Satellite Networks Ltd. has secured contracts worth approximately $5 million from multiple U.S.-based defense organizations. These contracts involve the provision of advanced satellite communications (SATCOM) technologies and services aimed at enhancing mission-critical connectivity for defense applications globally. The orders, which include X, Ku, and Ka-band Block Upconverters (BUCs) for Communications-on-the-Move (COTM) systems, are expected to be delivered in the coming months. This development underscores Gilats strategic focus on the defense sector and reflects the trust placed by defense customers in Gilats comprehensive SATCOM solutions.
Customers
growth-positive
Gilat Received Over $4 Million Order from the US Department of Defense
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced that its US-based subsidiary, DataPath, has been awarded a contract by the US Department of Defense for over $4 million. The contract is for the provision of DKET 3421 terminals, which are portable satellite communication hubs designed for mission-critical communications. These terminals are noted for their flexibility, capacity, and ease of deployment, making them ideal for military operations. The order underscores the trust and reliability that Gilat has established with its military customers. The terminals are expected to be delivered in the first half of 2025, further solidifying Gilats position in the defense sector.
Customers
growth-positive
Gilat Satellite Networks to Attend APEX/IFSA Conference to Discuss State-of the Art In-Flight Connectivity Solutions for Aviation Markets
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced its participation in the APEX/IFSA Global Expo in Long Beach, California, from October 28-30, 2024. The company is showcasing its advanced Electronically Steered Antenna (ESA) technology and other solutions designed to enhance in-flight connectivity (IFC) for commercial, business, and military aviation. Gilats offerings include high-performance ESA, SSPA, KPSU, and FCU solutions, which provide robust and reliable satellite connectivity. The event presents an opportunity for airline and IFC service providers to engage with Gilat and explore how its technology can improve their in-flight connectivity services. The announcement is growth-positive for Gilat as it highlights the companys innovative solutions and potential expansion in the IFC market.
growth-negative
Gilat to Report Third Quarter 2024 Results on Wednesday, November 13th
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced it will release its third quarter 2024 financial results on November 13, 2024. The announcement will be followed by a conference call and webcast led by CEO Adi Sfadia and CFO Gil Benyamini. The company provides satellite-based broadband communications and offers a range of products and services for various applications, including defense and critical infrastructure. The article highlights potential risks and uncertainties that could impact Gilats future performance, such as economic conditions, competition, and geopolitical tensions in Israel. These forward-looking statements are subject to change, and the company does not commit to updating them.
growth-positive
Gilat Satellite Networks to Present at the 17th Annual LD Micro Invitational Conference
Gilat Satellite Networks Ltd., a leader in satellite networking technology, announced its participation in the 17th annual LD Micro Invitational on October 30, 2024. The event will be held at the Luxe Sunset Boulevard Hotel in Los Angeles, where Gilats CFO, Gil Benyamini, will present the companys offerings and future prospects. The presentation aims to engage potential investors and stakeholders, with opportunities for one-on-one meetings throughout the conference. Gilats comprehensive portfolio includes high-performance satellite terminals, antennas, and integrated ground systems, catering to various sectors such as defense, aerospace, and critical infrastructure. The company emphasizes its commitment to providing global communication solutions, despite challenges like market competition and geopolitical risks. The event is expected to enhance Gilats visibility and investor relations.
growth-positive
Gilat Satellite awarded $15M in orders from several major satellite operators
Gilat Satellite Networks has secured approximately $15 million in orders from several major satellite operators for its advanced satellite communications solutions. These orders will be delivered over the next 18 months, reflecting a growing demand for Gilats innovative solutions across GEO, MEO, and LEO constellations. The companys portfolio is designed to provide future-ready connectivity with high reliability and reach, serving diverse markets and applications. This development highlights Gilats strong position in the satellite communications industry and its ability to meet increasing global connectivity needs.
Customers
growth-positive
Gilat Lands $15 Million Satellite Orders Worldwide
Gilat Satellite Networks Ltd. has announced securing approximately $15 million in new orders from prominent satellite operators for its advanced communications solutions. These orders cover GEO, MEO, and LEO constellations, reinforcing Gilats position as a key player in the satellite technology industry. The deliveries are planned over the next 18 months, indicating a growing demand for Gilats innovative offerings. This development is expected to positively impact the companys growth by enhancing its role in providing reliable connectivity solutions globally.
Customers
growth-positive
Gilat Secures Approximately $15 Million in Orders from Leading Satellite Operators for GEO, MEO and LEO Constellations
Gilat Satellite Networks Ltd. announced it has secured approximately $15 million in orders from major satellite operators for its advanced satellite communications solutions. These orders, expected to be delivered over the next 18 months, highlight the companys strong partnerships and its role as a trusted provider of cutting-edge satellite technology. Gilats solutions enable a wide range of connectivity and enterprise services globally, and the company continues to see growing demand for its innovative offerings. The announcement underscores Gilats commitment to delivering high-value solutions for multiple orbit constellations and supporting diverse applications, including broadband access, mobility, and defense.
CustomersPartners
growth-positive
Gilat Secures $4M Contract for Rural Connectivity
Gilat Satellite Networks Ltd. has secured a $4 million contract to improve rural connectivity in Latin America over a three-year period. This initiative will enhance the companys satellite network capabilities, supporting essential financial operations such as remote banking transactions, ATMs, and Point of Sale systems. The contract strengthens Gilats position as a significant provider of satellite-based broadband communications in underserved regions. This development is expected to have a positive impact on the companys growth by expanding its customer base and reinforcing its market presence.
Customers
growth-positive
Gilat Satellite Networks Awarded approximately $4 Million Contract to Provide Connectivity for rural areas in Latin America
Gilat Satellite Networks Ltd., a leader in satellite networking technology, has secured a $4 million contract to provide rural connectivity services in Latin America for three years. This contract will enable essential banking services in remote areas, supporting underserved populations with critical connectivity for banking transactions. Gilats robust satellite network ensures business continuity for core banking operations, including ATMs and Point of Sale systems. The companys comprehensive solutions address various applications, including broadband access and critical infrastructure, meeting stringent service level requirements. This development is a positive growth indicator for Gilat, reflecting its commitment to enhancing connectivity in remote regions.
Customers
growth-positive
Gilat Satellite Networks Receives Multimillion Service Contract from Leading Satellite Operator in APAC region
Gilat Satellite Networks Ltd. announced a multimillion contract extension to provide services for a leading satellite operator in the Asia-Pacific (APAC) region for an additional 12 months. This extension underscores Gilats continued support in managing and maintaining the operators satellite communications infrastructure, ensuring enhanced network performance and reliability. The agreement highlights the trust placed in Gilats technology and its commitment to providing connectivity solutions to rural and underserved areas.
Partners
growth-negative
Gilat Satellite Networks Ltd.'s (NASDAQ:GILT) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Gilat Satellite Networks has seen a 7.7% increase in its stock price over the last week, but its fundamentals raise concerns about its financial health. The companys return on equity (ROE) is 7.0%, which is close to the industry average of 8.6%. However, Gilats net income has declined by 16% over the past five years, while the industry has seen a growth of 3.9%. Despite reinvesting its profits, the companys low ROE is likely hampering its earnings growth. Analysts, however, expect a significant improvement in the companys earnings growth rate.
growth-positive
Gilat Satellite Networks Awarded Over $5M in Support of the US Department of Defense
Gilat Satellite Networks Ltd., through its US-based subsidiary DataPath Inc., has secured contracts worth over $5 million to support the US Department of Defense. The contracts involve the sustainment and technical upgrades of Satellite Transportable Terminal (STT) units and existing satellite communications equipment. These enhancements aim to improve the effectiveness of military operations. Nicole Robinson, President of DataPath Inc., emphasized the companys dedication to advancing military communications and national security. Gilat, a leader in satellite-based broadband communications, offers a diverse portfolio of high-value solutions for various applications, including defense and critical infrastructure.
Customers
growth-positive
Gilat Satellite Networks Ltd. (GILT): Hedge Funds Are Bullish On This Quality Penny Stock Now
Gilat Satellite Networks Ltd. (NASDAQ:GILT) is highlighted as a quality penny stock due to its strong financial performance and strategic acquisitions. The company reported a 13% increase in Q2 revenue, driven by its defense business and the acquisition of DataPath. Another significant acquisition is Stellar Blu Solutions, expected to contribute significantly to revenue by 2025. Gilat has secured over $12 million in orders from a major satellite operator to expand their SATCOM network. The company forecasts substantial revenue and EBITDA growth for 2024. Renaissance Technologies is the largest hedge fund investor in Gilat, holding a position valued at $4.82 million.
AcquisitionCustomers
growth-positive
Gilat Secures Over $12 Million Orders for SkyEdge Platforms from Leading Satellite Operator
Gilat Satellite Networks Ltd. announced that it has secured over $12 million in orders from a leading satellite operator to expand their global SATCOM network using Gilat’s SkyEdge Family of VSAT Platforms. This strategic expansion is expected to be delivered within the next 12 months and is anticipated to provide significant future revenue prospects. The deal underscores the high level of trust in Gilat’s solutions and their commitment to advancing satellite communications technology. Gilat offers a comprehensive portfolio of satellite-based broadband communications solutions, supporting multiple applications including broadband access, mobility, and defense.
Customers
growth-negative
Returns On Capital At Gilat Satellite Networks (NASDAQ:GILT) Have Hit The Brakes
The article discusses the financial performance of Gilat Satellite Networks, focusing on its Return on Capital Employed (ROCE). Despite increasing its capital employed by 28% over the past five years, the companys ROCE has remained flat at around 7.8%, which is below the industry average of 9.6%. This stagnation in returns has led to a 34% decline in the companys stock over the same period. The article suggests that investors may find better opportunities elsewhere, as the companys reinvestments have not yielded high returns.
growth-positive
Gilat Joins WAVE Consortium Board
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has been selected as a board member of the Waveform Architecture for Virtualized Ecosystems (WAVE) Consortium. The WAVE Consortium, established in March 2024, aims to expand the reach and capabilities of satellite communications. Gilats Head of Research & Algorithms, Guy Levitas, and Chief Architecture Officer, Adi Adotler, will represent the company on the WAVE Consortium board. The consortium includes leading companies and organizations in the space industry, such as Microsoft, SES, Intelsat, Comtech, iDirect, Amazon Web Services (AWS), Reticulate Micro, The Space Crowd, Airforce Research Lab, and the DoD Chief Information Office.
Partners
growth-positive
Gilat Satellite Network Limited (GILT): The Best Value Penny Stock According to Hedge Funds?
The article discusses the potential of investing in penny stocks, particularly focusing on Gilat Satellite Network Limited. The company, which provides satellite-based broadband communication solutions, has shown significant growth with a revenue of $76.1 million in Q1 2024, up by 29% YoY. The companys acquisition of Datapath Inc. has also contributed to its revenue growth. Despite challenges and delays due to the COVID-19 pandemic, Gilat has shown resilience and potential for long-term investment. The company recently secured $14 million worth of orders related to its In-flight connectivity (IFC) segment, demonstrating its strong position in the growing IFC market.
InvestmentAcquisition
growth-positive
Gilat Announces the Addition of SCPC Offering to the SkyEdge IV Aquarius Pro Modem
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has announced that their next-generation SkyEdge IV Aquarius modem now supports SCPC mode. The modem offers ultra-high performance over next-generation VHTS GEO and NGSO constellations, making it ideal for a wide range of applications including broadband, 4G and 5G backhauling, commercial maritime and cruise ships, and corporate enterprise services. The modem is designed to provide uninterrupted service, supporting next-generation software-defined satellites.
Customers
Growth-Negative
Gilat Satellite Networks Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Gilat Satellite Networks has reported its Q2 2024 results. The companys revenue was up 13% from Q2 2023, at $76.6m. However, net income was down 70% from Q2 2023, at $1.3m. The profit margin also decreased from 6.4% in Q2 2023 to 1.7% in Q2 2024, due to higher expenses. EPS was down from $0.076 in Q2 2023 to $0.023 in Q2 2024. Despite this, the companys shares are up 7.8% from a week ago. Looking ahead, revenue is forecast to grow 10.0% p.a. on average during the next 2 years.
CustomersInvestment
Growth-Positive
Gilat: Q2 Earnings Snapshot
Gilat Satellite Networks Ltd. reported a net income of $1.3 million for its second quarter. The Israel-based satellite broadband communications company posted a revenue of $76.6 million for the same period. Adjusted for non-recurring costs, the earnings were 10 cents per share. Gilat expects its full-year revenue to be in the range of $305 million to $325 million.
Investment
growth-positive
Gilat Reports Second Quarter 2024 Results
Gilat Satellite Networks Ltd. reported a 13% year-over-year increase in revenue for Q2 2024, with a GAAP operating income of $2.8 million and adjusted EBITDA of $10.1 million. The company also reiterated its guidance expectations for 2024, with revenue expected to be between $305 and $325 million. The company also announced its intention to acquire Stellar Blu, which is expected to add between $120-$150 million in revenue in 2025. The acquisition of Stellar Blu is expected to transform Gilat into a high-growth company.
Acquisition
growth-positive
Gilat Awarded Over $9M for its GEO and NGSO Satellite Communications Solutions
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, solutions, and services, has been awarded over $9M in cumulative orders from multiple satellite operators to expand their global SATCOM networks using Gilat’s solutions. These solutions will be used to enable a wide range of services and applications over GEO and NGSO, including in-flight connectivity, maritime mobility, cellular backhaul, and enterprise services. The orders reinforce Gilats position at the forefront of the new space era industry.
CustomersExpand
growth-positive
Gilat Awarded Over $5M by a National Defense Organization for the Upgrade of Transportable SATCOM Network Hubs
Gilat Satellite Networks Ltd. has announced that one of its US-based subsidiaries, DataPath Inc., has been awarded a multi-year contract worth over $5M by a National Defense Organization. The contract is for the upgrade of the organizations DKET terminals, transportable SATCOM network hubs. DataPaths terminals deliver operational flexibility, capacity, connectivity, rapid deployability, and control required to support demanding communications in remote locations. The upgrade will provide the defense organization with continued dependable, high-performance connectivity.
CustomersPartners
Neutral
Gilat to Report Second Quarter 2024 Results on August 7th
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, announced that it will release its second quarter 2024 financial results on August 7, 2024. Following the release, CEO Adi Sfadia and CFO Gil Benyamini will discuss the results and business achievements in a conference call and webcast. The company provides satellite-based broadband communications and has a diverse portfolio to deliver high-value solutions for multiple orbit constellations with very high throughput satellites (VHTS) and software-defined satellites (SDS).
growth-positive
Gilat Receives Over $10M Contract Extension for Cellular Backhaul Services
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has received a follow-on 6-year order worth over $10M from Internet Para Todos (IPT) to deliver Cellular Backhaul services across rural areas in Peru. IPT is a collaborative initiative between Telefónica, Meta, IDB Invest, and The Latin America Development Bank (CAF) aimed at bridging the digital divide in Latin America. The contract will allow Gilat to enhance its 4G Cellular Backhaul services with IPT over terrestrial networks across 700 sites in six regions that Gilat operates across Peru and 100 new sites in the Peruvian jungle, providing high-speed connectivity to over 1 million more people living in rural areas.
CustomersPartnersExpand
growth-positive
Gilat Awarded Over $9M to Support Critical Connectivity Requirements for the US Department of Defense
Gilat Satellite Networks Ltd. announced that its wholly owned US-based subsidiary, DataPath Inc, has received over $9 million in orders in support of the US Department of Defense and other agencies worldwide. The orders include both contract extensions and new contracts from various partners and agencies. DataPath is deploying technical services and field services in Europe, the Middle East, and the United States to support U.S. Defense end users critical connectivity requirements.
CustomersPartners
growth-positive
Gilat Receives over $14M in Orders Expanding Further into the IFC Market
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has secured over $14 million in orders for its In-Flight Connectivity (IFC) products and solutions from several service providers and system integrators. This includes both new business partnerships and follow-on orders from existing customers. The companys position in the IFC market is expected to be further strengthened by its recent acquisition of Stellar Blu Solutions.
CustomersPartnersAcquisition
growth-negative
Investors three-year losses continue as Gilat Satellite Networks (NASDAQ:GILT) dips a further 12% this week, earnings continue to decline
Gilat Satellite Networks Ltd. has seen a 55% decline in share price over the last three years, with a 16% drop in the last 90 days. The companys earnings per share (EPS) has also declined at a compound rate of 19% per year over the last three years. The markets negative sentiment towards the company is reflected in its current P/E ratio of 11.46. Despite the market being up 26%, Gilats shareholders are down 19% for the year, indicating unresolved challenges.
Public Trading
growth-positive
From Pennies to Paydays: 3 Stocks Set to Skyrocket in 5 Years
The article discusses three companies, US Gold, Gevo, and Gilat Satellite Networks, which are predicted to see significant growth in the coming years. US Gold, a gold exploration and development firm, has been rated a buy by H.C. Wainwright and Alliance Global Partners, despite not currently generating profits or revenue. Gevo, a carbon abatement company, is expected to benefit from the expansion of the renewable energy market. Gilat Satellite Networks, a provider of satellite-based broadband communication solutions, is predicted to see growth due to the expanding telecom equipment market and space economy.
Investment
growth-positive
Gilat to Acquire Stellar Blu, an IFC Market Leader with a First-to-Market ESA-Based Solution for Commercial Aviation
Gilat Satellite Networks Ltd. has announced its acquisition of Stellar Blu Solutions LLC, a leading avionics solution provider. The acquisition is part of Gilats strategy to increase its presence in the In-Flight Connectivity (IFC) market. Gilat expects its annual revenues from the acquired business to range between $100 Million to $150 Million beginning in 2025. The acquisition is expected to be accretive on a non GAAP basis starting the second half of 2025. Gilat will pay an initial cash payment of $98 Million at closing, and up to an additional $147 Million payable in cash, subject to the achievement of post-closing financial and business goals.
AcquisitionExpand
growth-positive
גילת רוכשת ב-245 מיליון דולר חברה שתעזור לה לעבור מהר יותר בין לווייני תקשורת | כלכליסט
Gilat Satellite Networks, an Israeli communication company, is acquiring American company Stellar Blu, which specializes in in-flight internet, for $245 million. The acquisition is expected to increase Gilats annual revenue by $100-150 million by 2025, based on Stellar Blus existing order backlog. The deal will be financed by Gilat with $100 million of its own capital and the rest through debt. Gilats CEO, Adi Sfadia, highlighted Stellar Blus technology that allows quick switching between communication satellites, a necessity in the evolving satellite communication market.
Acquisition
Neutral
Gilat Satellite Networks Ltd. (NASDAQ:GILT) is largely controlled by institutional shareholders who own 52% of the company
Institutional investors hold a significant stake in Gilat Satellite Networks Ltd., with around 52% of the companys shares. The largest shareholder is Phoenix Investments & Finances Ltd with 17% of shares, followed by First Israel Mezzanine Investors Ltd. and Thrivent Investment Management Inc. The top 24 investors collectively own 50% of the company. The general public, including retail investors, own 48% of the company. The company is not widely covered by analysts, and there is no record of board members holding shares.
Investment
growth-positive
The Bargain Stock Blitz: 7 Companies Ready to Stun the Street
The article discusses seven companies that are considered bargain stocks due to their low valuation but high potential for growth. These companies include Albertsons Companies, a grocery store chain; Magna International, an auto parts manufacturer; Ambev, a beverage company; Visteon, an automotive technology company; Standard Motor Products, an auto parts manufacturer; Gilat, a communication equipment company; and Pinstripes, a restaurant chain. Despite the higher risk associated with these stocks, the author suggests that they could offer robust rewards if the market conditions align favorably.
Investment
growth-positive
Nicole Robinson Appointed President of DataPath Inc.
Gilat Satellite Networks Ltd. has announced the appointment of Nicole Robinson as the President of DataPath. Robinson, an international satellite industry executive, has a proven record in driving growth and deploying next-generation technology. She has previously served in key roles at Comtech Telecommunications, Ursa Space Systems, SES and General Dynamics. David McDonald will retire from his role as President of DataPath and transition to the role as Vice Chairman of DataPath Board of Directors. Gilat acquired DataPath, a market leader in trusted communications for the U.S. Department of Defense (DoD), military, and government sectors, in November 2023.
Management ChangesAcquisition
growth-positive
Gilat Satellite Networks Ltd. Just Beat EPS By 50%: Here's What Analysts Think Will Happen Next
Shares in Gilat Satellite Networks Ltd. rose 2.0% to close at US$5.58 following the release of its first-quarter results. The company reported revenues of US$76m and a profit of US$0.09 per share, 50% above forecast. The consensus forecast from Gilat Satellite Networks solitary analyst is for revenues of US$313.9m in 2024, an 11% improvement in revenue compared to the last 12 months. However, earnings per share are forecast to drop 25% to US$0.30 in the same period. Despite a small decline in overall sentiment after the recent results, the consensus price target has been lifted 21% to US$8.50.
Investment
Growth-Negative
Gilat Satellite Networks First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Gilat Satellite Networks reported its Q1 2024 results with a revenue of US$76.1m, up 29% from Q1 2023. However, net income was down 11% from the previous year to US$4.96m. The profit margin also decreased from 9.5% to 6.5%, driven by higher expenses. The companys EPS of US$0.087 exceeded analyst estimates by 50%, but revenue fell short by 1.3%. Looking ahead, Gilats revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Communications industry in the US.
Investment
growth-positive
Gilat Satellite Networks Ltd. (NASDAQ:GILT) Q1 2024 Earnings Call Transcript
Gilat Satellite Networks Ltd. reported a strong Q1 2024 with a 29% year-over-year revenue growth, including contributions from its recent acquisition, DataPath. The company also reported a solid level of organic growth across multiple business areas. The companys strategic partnerships with major satellite operators significantly supported the growth in the business during this quarter. The companys CEO, Adi Sfadia, stated that they are on track and reiterated the guidance they gave at the beginning of the year. The company also reported progress in developing its electronically steerable antenna for Geo and Leo and expanded the IFC footprint into business aviation and government markets.
InvestmentAcquisitionPartners
growth-positive
Gilat's Strategic Acquisitions Fuel Growth Amid Slight Revenue Shortfall
Gilat Satellite Networks Ltd reported a 29% YoY revenue growth for Q1 2024, reaching $76.08 million, slightly below the analyst consensus estimate of $77.10 million. The companys adjusted EPS of $0.11 beat the analyst consensus estimate of $0.06. Gilats CEO, Adi Sfadia, attributed the revenue growth to solid organic growth in both their Satellite Networks and Network Infrastructure and Services segments, as well as a full quarter of contribution from Datapath, a defense communications business they acquired in November of the previous year. The company reiterated its FY24 revenue outlook of $305 million-$325 million.
InvestmentAcquisition
growth-positive
Gilat Reports First Quarter 2024 Results
Gilat Satellite Networks Ltd. reported a 29% year-over-year revenue growth in Q1 2024, with revenues of $76.1 million. The companys GAAP operating income was $5.4 million, a decrease from $7.0 million in Q1 2023 due to lower other income, higher stock-based compensation, and amortization of purchased intangibles related to the Datapath acquisition. Non-GAAP operating income was $6.6 million, up 25% compared with $5.3 million in Q1 2023. The company reiterated its 2024 guidance, expecting revenues between $305 and $325 million, representing year-over-year growth of 18% at the midpoint.
CustomersAcquisition
growth-positive
SES’s O3b mPOWER System Launches Service via Gilat’s SkyEdge IV Platform
Gilat Satellite Networks Ltd. has announced that its SkyEdge IV platform is enabling SESs O3b mPOWER System to deliver high-performance connectivity services. SkyEdge IV is Gilats next-generation multi-service platform and the industrys first VSAT platform enabling multi-orbit operations. This partnership with SES allows Gilat to support the growing demand for multi-orbit satellite communication services.
Partners
growth-positive
Cheap Tricks: 7 Beaten-Down Tech Stocks to Buy Before the Comeback
The article discusses seven tech stocks that are currently trading at a discount and could be good investment opportunities. These include Workiva, a cloud-based reporting solutions provider; Concentrix, a tech-infused customer experience solutions provider; Corsair Gaming, a gaming and streaming peripherals, components and systems designer; Gilat, a satellite-based broadband communication solutions provider; Upland Software, a cloud-based solutions provider; 3D Systems, a 3D printer technologies provider; and SoundThinking, a public safety technology firm. The article provides an overview of each companys financial performance and growth prospects, and suggests that these stocks could be good buys for investors looking for discounted opportunities in the tech sector.
CustomersInvestment
growth-positive
Gilat to Participate in the 19th Annual Needham Technology, Media & Consumer Conference on May 15, 2024
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, solutions, and services, has announced that its CEO, Adi Sfadia, and CFO, Gil Benyamini, will be participating in the 19th Annual Needham Technology, Media and Consumer Conference in New York City. They will be available for one-on-one meetings with investors at the conference and will give a presentation on May 15, 2024. The company has over 35 years of experience in providing satellite-based broadband communications and is committed to connecting people worldwide.
Management Changes
Neutral
Gilat to Report First Quarter 2024 Results on May 8th
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, solutions, and services, has announced that it will release its first quarter 2024 financial results on May 8, 2024. Following the release, CEO Adi Sfadia and CFO Gil Benyamini will discuss the companys results and business achievements. The company has over 35 years of experience in creating and delivering technology solutions for satellite, ground, and new space connectivity. It offers a diverse portfolio of products and tailored solutions to address key applications including broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, broadcast, government, and critical infrastructure.
growth-positive
Gilat Received Approximately $5 Million for Providing Services to a Leading LATAM Service Provider
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has been awarded a contract worth approximately $5 million to provide services to a leading LATAM service provider. The service provider will use Gilats equipment to deliver 4G coverage to remote regions where such service is currently unavailable. The contract was awarded due to Gilats comprehensive service and local presence in the region.
CustomersInvestment
growth-positive
Gilat Received Multimillion-Dollar Order from a Leading Defense Organization
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has been awarded a multimillion-dollar contract by a leading Defense Organization to develop a next-generation software-defined radio modem for Satcom-on-the Move and Satcom-on-the-Pause military applications. The modem is designed to provide secure, reliable broadband C4I satellite communications for on-the-move and on-the-pause missions, ensuring battlefield information superiority for warfighters. The modems advanced technologies will maximize link availability, optimize bandwidth usage, and enable high throughput in challenging field conditions.
CustomersInvestment
growth-positive
Gilat Expanding into Additional IFC Market Segments After Receiving Over $3 Million in Orders from a Leading IFC Service Provider
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has received a multimillion-dollar order from a leading In-Flight Connectivity (IFC) Service Provider. The order is for Gilats Taurus Aero modems, which are already deployed across tens of commercial airlines worldwide. This expansion will allow the IFC Service Provider to significantly expand its capabilities in the business aviation and government markets. The Taurus modem delivers all satellite communication needs for multi-orbit constellations and Very High Throughput Satellites (VHTS), providing reliable, high-performance connectivity solutions to air travelers.
CustomersPartners
growth-positive
Gilat Awarded Over $3M Follow-On Order for Public WiFi Service in Latin America
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has been awarded more than $3 million for a public WiFi solution in Latin America. This is a follow-on order that significantly extends the number of sites in the program, aimed at bridging the digital divide by providing internet access to thousands more people across rural areas where terrestrial infrastructure is limited or absent. The company is excited to continue deploying advanced public WiFi infrastructure across Latin America.
InvestmentExpand
growth-positive
Gilat Awarded Over $5 Million Order from the US Department of Defense
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has been awarded a contract worth over $5 million by the US Department of Defense. The contract is for the provision of baseband equipment to Gilats US-based subsidiary, DataPath. The equipment will be used with the companys DKET 3421 terminals, transportable satcom hubs that provide operational flexibility, capacity, connectivity, and control. The order reflects the confidence and trust placed in Gilat to deliver communications solutions that meet stringent performance requirements.
CustomersInvestment
growth-positive
US Army Awards $12 Million Contract Extension to Gilat to Sustain Anytime, Anywhere Satellite Connectivity
Gilat Satellite Networks Ltd. has been awarded a $12 million contract by the United States Army. The contract is for the supply of Wavestream’s Solid State Amplifier (SSPA) products, which are ruggedized to withstand harsh environments and enable the Satellite Transportable Terminals (STTs) used in the program to deliver a “Communications-on-the-Pause” solution across diverse climates and conditions around the globe. The contract will be fulfilled by Gilats subsidiary, DataPath, Inc.
CustomersPartners
Growth-Negative
Are Gilat Satellite Networks Ltd.'s (NASDAQ:GILT) Mixed Financials The Reason For Its Gloomy Performance on The Stock Market?
Gilat Satellite Networks has seen a 12% decline in its share price over the past three months. An analysis of the companys financials has been conducted to determine if this decline is related to its financial performance. The companys Return on Equity (ROE) is 8.6%, which is slightly lower than the industry average of 9.6%. Over the past five years, the company has seen a net income decline of 19%. While the company has a high rate of reinvestment, the low ROE suggests that this reinvestment is not yielding significant benefits to its investors and is negatively impacting earnings growth. However, analysts expect the companys earnings growth to improve slightly in the future.
growth-positive
Gilat Awarded Over $13M in Additional Orders from Satellite Operators for its World Leading SkyEdge IV and SkyEdge II-c Platforms
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, solutions, and services, has been awarded over $13M in cumulative orders from multiple satellite operators to expand their global SATCOM networks. The orders are a result of strategic partnerships formed with the selection of Gilat’s SkyEdge platforms by key satellite operators. The platforms play a crucial role in enabling in-flight connectivity, maritime mobility, cellular backhaul, and fixed data services. The company is experiencing increasing demand for its SkyEdge platforms as satellite operators expand their networks and deliver a wider range of applications to a growing number of users.
CustomersPartnersInvestment
growth-positive
16 Largest Satellite Companies In The World
The global satellite market, worth $286 billion in 2022, is expected to grow at a CAGR of 8.1% from 2023 to 2032, reaching $615.7 billion. This growth is driven by the rise in space exploration missions, an increase in satellite-based warfare, and the growing trend of small satellites. Spanish startup Sateliot is seeking €100 million in funding to launch a network of small satellites. Alphabet Inc. and Environmental Defense Fund Group are launching a satellite to identify methane emissions from space. Companies leading the satellite industry include The Boeing Company, Airbus SE, and EchoStar Corporation.
InvestmentCustomersPartners
growth-positive
Gilat Awarded $5 Million Order from the US Department of Defense
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has announced that the US Department of Defense awarded another $5 million order to one of the company’s US-based subsidiaries, DataPath. The order is for DKET 3421 terminals, transportable satcom hubs that deliver operational flexibility, capacity, connectivity, and control. The DKET 3421 terminal supports multi-carrier operations with a scalable modem architecture and can be easily moved by a forklift. The order underscores the trust and confidence placed in the company and its capability to deliver mission-critical solutions.
Customers
Growth-Positive
Gilat Satellite Networks to Present at the 2024 LD Micro Invitational Conference
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, solutions, and services, will be presenting at the 14th Annual LD Micro Invitational in New York on April 8-9, 2024. The event will feature 80 companies presenting in half-hour increments, as well as private one-on-one meetings. Gilats CFO, Mr. Gil Benyamini, will be presenting to investors and will be available for one-on-one meetings throughout the day at the conference.
Investment
Neutral
Gilat Announces Filing of 2023 Annual Report
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, solutions, and services, has filed its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission. The report contains audited consolidated financial statements for the year ended December 31, 2023. The annual report will be available on the Gilat website, and shareholders may receive a hard copy of the annual report free of charge upon request.
Public Trading
growth-positive
Gilat Unveils Cloud and 5G NTN Evolution Strategy for SkyEdge IV
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, solutions, and services, has announced its Cloud and 5G Non-Terrestrial Networks (NTN) evolution strategy. This strategy aims to support Satellite Operators and service providers as the industry moves towards digital transformation. The companys next-generation SkyEdge IV platform is designed to enable a smooth transition to 5G NTN. The platform supports multi-orbit operation and Very High Throughput Satellites (VHTS) and enables steady evolution to Cloud and 5G NTN.
Expand
growth-negative
Investors Met With Slowing Returns on Capital At Gilat Satellite Networks (NASDAQ:GILT)
Gilat Satellite Networks, a company listed on NASDAQ, has been identified as not showing significant growth trends. The companys Return On Capital Employed (ROCE) has remained stable over the last five years, indicating that it is not reinvesting in itself and may be past its growth phase. The companys stock has declined by 26% over the last five years, which may reflect investor pessimism about the companys growth prospects. The article suggests that Gilat Satellite Networks may not be a multi-bagger investment going forward.
Investment
growth-positive
Safran Selects Gilat for Strategic, Multimillion-Dollar In-Flight Connectivity Program
Gilat Satellite Networks Ltd. has been selected by Safran Passenger Innovations for a strategic, multimillion-dollar in-flight connectivity (IFC) program. Gilat’s Wavestream subsidiary will develop, qualify, and produce a new line of Ku band Power Supply Unit (KPSU) products to support Safran’s Ku-band electronically steerable antenna (ESA), bolstering further growth in the IFC market. The new products are designed to be line fit qualified for Boeing and Airbus aircraft.
PartnersExpand
Growth-Positive
Gilat Satellite Networks Full Year 2023 Earnings: EPS Misses Expectations
Gilat Satellite Networks reported its full year 2023 results, showing an 11% increase in revenue from FY 2022 to US$266.1m. The company also moved to profitability with a net income of US$23.5m, up from a loss of US$5.93m in FY 2022. The profit margin was 8.8%, up from a net loss in FY 2022. However, the companys EPS of US$0.41 missed analyst estimates by 4.7%. Looking ahead, the companys revenue is forecast to grow 12% p.a. on average during the next 2 years. The companys shares are down 6.2% from a week ago.
None
growth-positive
Gilat Satellite Networks Ltd. (NASDAQ:GILT) Q4 2023 Earnings Call Transcript
Gilat Satellite Networks Ltd. reported strong Q4 2023 and full-year results, beating earnings expectations with a reported EPS of $0.11 against an expected $0.07. The company reported Q4 revenues of $75.6 million, leading to full-year revenues of about $266.1 million, a YoY growth of 11%. Adjusted EBITDA for Q4 was about $9.4 million, leading to a full-year adjusted EBITDA of $36.4 million, a YoY growth of 44%. The company also reported the acquisition of DataPath, a U.S.-based system integrator and a market leader in secure communication systems, services, and end-to-end solutions for mission-critical operations over satellite. The company expects revenues of between $305 million and $325 million for 2024.
AcquisitionExpand
growth-negative
Is Gilat Satellite Networks Ltd. (NASDAQ:GILT) Worth US$6.0 Based On Its Intrinsic Value?
Gilat Satellite Networks fair value estimate is US$4.56, according to a valuation method that uses the expected future cash flows and discounts them to todays value. The current share price of US$6.00 suggests that the company is potentially 32% overvalued. The valuation is based on a 2-stage model, which considers two different periods of growth rates for the companys cash flows. The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$258m.
Investment
growth-positive
Gilat Presents Fourth Quarter and Full Year 2023 Results
Gilat Satellite Networks Ltd. reported its Q4 and full year 2023 financial results. The companys Q4 revenue was $75.6 million, with a GAAP operating income of $2.9 million and an adjusted EBITDA of $9.4 million. For the full year 2023, the companys revenue was $266.1 million, up 11% year over year, with a GAAP operating income of $28.1 million and an adjusted EBITDA of $36.4 million, up 44% YoY. The company also completed the acquisition of DataPath in the US in November 2023. The companys financial guidance for 2024 predicts revenues of between $305 to $325 million.
Acquisition
growth-positive
Gilat Awarded $10 Million Follow-On Order from the US Department of Defense
Gilat Satellite Networks Ltd. has been awarded a $10 million follow-on order by the US Department of Defense. The order is for additional DKET 3421 terminals, transportable satcom hubs that provide operational flexibility, capacity, connectivity, and control. The order was given to Gilats US-based subsidiary, DataPath. The DKET 3421 terminals are field-proven and support multi-carrier operations with a scalable modem architecture. They can be deployed in less than three hours, providing a satellite network hub that can be easily transported over air, land, or sea.
CustomersInvestment
Neutral
Gilat to Report Fourth Quarter and Full Year 2023 Results on February 26th
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, announced that it will release its fourth quarter and full year 2023 financial results on February 26, 2024. Following the release, CEO Adi Sfadia and CFO Gil Benyamini will discuss the results and business achievements in a conference call and webcast. The webcast will be available on the companys website and will be archived for 30 days.
growth-positive
Gilat Awarded Multimillion-Dollar Defense Satellite Connectivity Project
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has been awarded a multimillion-dollar defense satellite connectivity project. The companys SkyEdge IV platform and Taurus-M modems will enhance the satellite communications capabilities of a leading governmental defense organization. The SkyEdge IV platform is designed to work with multi-orbit software-defined satellite constellations and supports cloud infrastructure. The Taurus-M is a satellite modem ideal for armored fighting vehicles and man-pack deployment. Gilat has identified the defense segment as a key growth engine and is targeting this segment with its product portfolio.
CustomersExpand
growth-positive
Gilat Awarded Multimillion-Dollar Defense Satellite Connectivity Project
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has been awarded a multimillion-dollar defense satellite connectivity project. The companys SkyEdge IV platform and Taurus-M modems will be used to enhance the satellite communications capabilities of a leading governmental defense organization. The SkyEdge IV platform is designed to work with multi-orbit software-defined satellite constellations and supports cloud infrastructure. The Taurus-M is a satellite modem ideal for armored fighting vehicles and man-pack deployment. Gilat has identified the defense segment as a key growth engine and is targeting this segment with its product portfolio.
CustomersExpand
growth-positive
Gilat Satellite Networks secures $17m contract from Pronatel - BroadcastPro ME
Gilat Satellite Networks has secured a $17m contract from Pronatel for the expansion of a regional telecommunications project in Peru. This marks an extension of the existing partnership initiated in 2018 between Pronatel and Gilat. In collaboration with the Amazonas regional government, Pronatel is set to broaden the project, encompassing connectivity for 35 new localities and numerous public institutions within the Amazonas region. Gilat will also establish several free Wi-Fi hotspots and a community tele-center equipped with computers, printers, and internet services, committed for a decade.
PartnersExpand
growth-positive
Gilat Awarded $17 Million by Pronatel for Expansion of Regional Telecommunications Project in Peru
Gilat Satellite Networks Ltd. has been awarded a $17 million contract by Pronatel for the expansion of a regional telecommunications project in Peru. This expands the original 2018 agreement with Gilat, and in coordination with the Amazonas regional government, Pronatel is expanding the project to include connectivity to 35 new localities and dozens of new public institutions within the Amazonas region. Gilat will also implement several free Wi-Fi hotspots and a community tele-center for a period of 10 years.
CustomersPartnersExpand
growth-positive
Gilat Announces New Brand Identity Embracing the Company’s Commitment to the New Space Revolution
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has announced the launch of a new brand identity. This rebranding reflects the companys commitment to the new space revolution and its vision of universal connectivity. The new brand identity includes a redesigned logo inspired by Gilats global reach and connectivity. The rebranding comes after a successful year for the company, which included major wins with satellite operators and global customers, the launch of new products, significant in-flight connectivity expansions, and a strategic defense acquisition.
CustomersPartnersAcquisitionExpand
growth-positive
Gilat Awarded Approximately $3M for a Satellite Connectivity Project for a National Police Force
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, solutions, and services, has been awarded a contract worth approximately three million dollars by a national police force. The multi-year project will see Gilat deliver a comprehensive solution based on its SkyEdge platform and a suite of services, providing reliable and secure connectivity. The company was selected due to its ability to meet stringent security requirements and solve long-standing communication issues. The contract is expected to lead to further growth with this customer and potentially similar programs with other organizations in the public safety, military, and government sectors.
Customers
Growth-Positive
Gilat Awarded Approximately $3M for a Satellite Connectivity Project for a National Police Force
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has been awarded a contract worth approximately three million dollars by a national police force. The multi-year project involves the deployment of Gilats SkyEdge platform and suite of services, chosen for their ability to meet stringent security requirements and solve long-standing communication issues. The companys vice president of sales and business development for defense, Ori Naor, expressed confidence that this new business will lead to further growth with this customer and potentially initiate similar programs among other organizations in the public safety, military, and government sectors worldwide.
Customers
growth-positive
Gilat to Participate in the 26th Annual Needham Growth Conference on January 17, 2024
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, solutions, and services, has announced that its CEO, Adi Sfadia, and CFO, Gil Benyamini, will be participating in the 26th Annual Needham Growth Conference in New York City from January 16-19, 2024. They will be available for one-on-one meetings with investors at the conference and will give a presentation on January 17, 2024. The company has over 35 years of experience in creating and delivering deep technology solutions for satellite, ground, and new space connectivity.
Management Changes
Growth-Negative
Gilat Satellite Networks (NASDAQ:GILT) investors are sitting on a loss of 17% if they invested five years ago
Gilat Satellite Networks Ltd.s stock has declined by 32% over the past five years, leading to doubts among long-term shareholders. Despite the company becoming profitable within the last five years, its share price has continued to decline. The companys revenue decline of 2.0% is not considered significant, but it may have contributed to the share price weakness if the market expected more robust top line growth. Its also noted that the CEOs pay is less than the median at similar sized companies. The companys total shareholder return (TSR) was a 17% drop over the last 5 years.
Growth-Positive
3 Stocks Capitalizing on the Space Internet Revolution
The article discusses the potential of three space stocks - ViaSat, Gilat Satellite Networks, and Iridium Communications - that are contributing to the development of satellite technology. ViaSat is expected to recover from the failure of its VS-3 satellite project and has extended its partnership with Porter Airlines and the space agencies of the U.K. and Japan. Gilat Satellite Networks demonstrated solid top-line growth and is projected to grow significantly by 2030. Iridium Communications, despite operational and financial difficulties, plans to grow its revenue to $1 billion by 2030.
CustomersPartnersInvestment
growth-positive
US Army Awards Nearly $20 Million Contract Extension to Gilat to Sustain Anytime, Anywhere Satellite Connectivity
Gilat Satellite Networks Ltd. has been awarded a nearly $20 million contract by the United States Army. The contract is for the companys US-based subsidiary, Wavestream, to continue a program that provides satellite connectivity. Wavestreams Solid State Amplifier (SSPA) enables the Satellite Transportable Terminals (STTs) used in the program to deliver a Communications-on-the-Pause solution across diverse climates and conditions around the globe. The Wavestream 50W Ka SSPA has been field-proven for over a decade and a half and continues to meet the Armys needs for dependable satellite communications.
CustomersInvestment
growth-positive
Gilat Satellite Networks secures $20m US Army contract - BroadcastPro ME
Gilat Satellite Networks US-based subsidiary, Wavestream, has been awarded a nearly $20m contract by the United States Army. The contract is part of an ongoing programme to sustain satellite connectivity. Wavestreams Solid State Amplifier (SSPA), designed to withstand challenging environments, plays a key role in the programme. The Satellite Transportable Terminals (STTs) used in this initiative benefit from Wavestreams ruggedised SSPA, enabling robust Communications-on-the-Pause solutions across diverse climates and conditions worldwide.
CustomersInvestment
growth-positive
With 61% ownership of the shares, Gilat Satellite Networks Ltd. (NASDAQ:GILT) is heavily dominated by institutional owners
Institutional investors hold a significant 61% stake in Gilat Satellite Networks Ltd., indicating their substantial influence over the companys share price. The largest shareholder is Phoenix Investments & Finances Ltd with a 19% stake. The top 10 shareholders own more than half of the companys shares. The general public, including retail investors, own a 39% stake in the company. The companys past performance and ownership data suggest strong prospects for the business.
Investment
growth-positive
Gilat completes the company's acquisition of DataPath, Inc. - SatNews
Gilat Satellite Networks Ltd. has completed the acquisition of DataPath, Inc., a leading provider of communication services for the U.S. DoD Military and Government sectors. The acquisition, which received regulatory approvals, is part of Gilats strategy to increase its presence in the growing defense market. The company expects annual revenues in the defense sector to increase by approximately $50 million due to the acquisition. The deal will also provide DataPath with new opportunities for its advanced solutions, and DataPath’s presence in the US will create new opportunities for Gilat’s advanced communication technologies.
Acquisition
growth-positive
Gilat Completes Acquisition of DataPath, Inc.
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has completed the acquisition of DataPath, Inc., a trusted communications provider for the US DoD Military and Government sectors. The acquisition is a strategic move by Gilat to increase its presence in the growing defense market. The transaction was approved by the boards of both companies and has received regulatory approval. The acquisition is expected to increase Gilats annual revenues in the defense sector by approximately $50 million.
Acquisition
growth-positive
Gilat Satellite Networks Ltd. (NASDAQ:GILT) Q3 2023 Earnings Call Transcript
Gilat Satellite Networks Ltd. reported its Q3 2023 earnings, showing a 6% year-over-year growth in revenue and a solid improvement in profitability. The companys CEO, Adi Sfadia, attributed the good performance to growing interest in their solutions and advancements in the satellite communication space. He also mentioned the in-flight connectivity market as a significant contributor to their revenue growth and profitability. The company also reported improved profitability and adjusted EBITDA. Gilat is also expecting to close the acquisition of DataPath, Inc, a leading U.S. defense satellite integrator, which is expected to increase their revenues in the defense sector by approximately $50 million on a yearly basis.
CustomersPartnersAcquisition
growth-positive
Gilat to Participate at the Needham Virtual Security, Networking & Communications Conference on Tuesday, November 14
Gilat Satellite Networks Ltd. announced the participation of its management at the 17th Annual Needham Virtual Security, Networking & Communications Conference on November 14, 2023. The companys Chief Financial Officer, Gil Benyamini, will present online and will also be available for one-on-one meetings with investors. Gilat is a global provider of satellite-based broadband communications, delivering technology solutions for satellite, ground, and new space connectivity.
Management Changes
growth-positive
Gilat Reports Third Quarter 2023 Results
Gilat Satellite Networks Ltd. reported its Q3 2023 results, showing a 6% increase in revenues to $63.9 million and a 30% YoY growth in Adjusted EBITDA to $9.5 million. The companys GAAP operating income was $12.7 million. The company also narrowed its 2023 revenue guidance to between $265 million and $275 million, representing a YoY growth of 13% at the mid-point. The GAAP operating income guidance range was increased to between $29 million and $31 million. The companys CEO, Adi Sfadia, expressed satisfaction with the results and the companys market position.
Customers
growth-positive
Gilat Awarded Approximately $20 Million in Contract Renewal and Extension from Tier-1 MNO in the USA
Gilat Satellite Networks Ltd. has been awarded a renewal and extension contract worth approximately $20 million from a Tier-1 Mobile Network Operator (MNO) in the United States. The multi-year agreement will see Gilat continue to provide end-to-end managed services for satellite-based cellular backhaul and emergency response. The contract renewal and extension follows a strong track record with the Tier-1 MNO and is a testament to Gilat’s ability to provide the desired user experience with its SkyEdge II-c platform.
CustomersPartners
Is Gilat Satellite Networks Ltd.'s (NASDAQ:GILT) Stock Price Struggling As A Result Of Its Mixed Financials?
Neutral
Gilat to Report Third Quarter 2023 Results on November 7th
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, solutions, and services, has announced that it will release its third quarter 2023 financial results on November 7, 2023. Following the release, CEO Adi Sfadia and CFO Gil Benyamini will discuss the companys Q3 results and business achievements in a conference call and webcast. The webcast will be available on the Gilat website and will be archived for 30 days.
Management Changes
Gilat Satellite Networks (NASDAQ:GILT) Is Looking To Continue Growing Its Returns On Capital
growth-positive
Gilat Awarded Contract for Satellite Network Modernization at Ethio Telecom
Gilat Satellite Networks Ltd. has announced that it has received a contract for satellite network modernization at Ethio Telecom of Ethiopia. Gilat’s SkyEdge II-c with hundreds of Capricorn and Gemini VSATs will be used to enable enhanced satellite-based 4G cellular backhaul capabilities and enterprise communications for remote regions of the country. The partnership is part of Ethio Telecoms modernization process and aims to provide reliable and efficient mobile connectivity and enterprise communications to the people of Ethiopia.
CustomersPartners
growth-negative
Gilat Satellite Networks Ltd. (NASDAQ:GILT) Shares Could Be 24% Above Their Intrinsic Value Estimate
The projected fair value for Gilat Satellite Networks is US$5.59 based on a 2 Stage Free Cash Flow to Equity model. However, the current share price of Gilat Satellite Networks is US$6.91, indicating that the company is estimated to be 24% overvalued. The valuation is based on the Discounted Cash Flow (DCF) model, which projects the companys future cash flows and discounts them to todays value. The valuation also takes into account the companys earnings growth, which has exceeded the industry average, and its debt-free status.
growth-positive
Gilat Reports Second Quarter 2023 Results
Gilat Satellite Networks Ltd. has reported a 22% YoY growth in revenues for Q2 2023, with GAAP operating income more than tripling and adjusted EBITDA growing by 74%. The company has raised its full year 2023 guidance. Revenues for Q2 2023 were $67.6 million, up from $55.5 million in Q2 2022. GAAP operating income was $5.4 million, compared with $1.5 million in Q2 2022. The company also announced a significant agreement and received the first orders from Satcom Direct for the development and supply of new ultra-low profile electronically steered antennas (ESA) to operate over OneWeb’s LEO constellation.
CustomersPartnersAcquisition
growth-positive
Satcom Direct and Gilat Sign Strategic Agreement for Joint ESA Project to Expand Plane Simple® Portfolio
Satcom Direct, a business aviation solutions provider, and Gilat Satellite Networks Ltd., a global leader in satellite networking technology, have entered into a strategic agreement to develop and supply new ultra-low profile electronically steered antennas (ESA) to support in-flight connectivity for business, government, and defense. The hardware, which is expected to be available from 2025, is designed for optimized compatibility with the OneWeb low earth orbit (LEO) constellation. Gilat will develop the antenna system while Satcom Direct Avionics will work with OneWeb to develop the SD Modem Unit to harness the full potential of the LEO constellation.
PartnersExpand
growth-positive
Satcom Direct and Gilat Sign Strategic Agreement for Joint ESA Project to Expand Plane Simple® Portfolio
Satcom Direct and Gilat Satellite Networks Ltd. have signed a strategic agreement to develop and supply new ultra-low profile electronically steered antennas (ESA) to support in-flight connectivity (IFC) for business, government, and defense. The hardware, available from 2025, is designed for optimized compatibility with the OneWeb low earth orbit (LEO) constellation. Gilat will develop the antenna system while Satcom Direct Avionics will work with OneWeb to develop the SD Modem Unit to harness the full potential of the LEO constellation. The collaboration aims to meet soaring data demands with the antenna’s full-duplex performance.
PartnersExpand
Growth-negative
Gilat Satellite Networks (NASDAQ:GILT) investors are sitting on a loss of 7.9% if they invested five years ago
Gilat Satellite Networks Ltd. has seen a 36% increase in its share price over the last three months. However, over the last five years, the companys returns have been poor, with the stock dropping 25%. Despite becoming profitable within the last five years, the companys share price has continued to decline. This could be due to the companys revenue decline of 5.8% per year. The companys total shareholder return was a loss of 7.9% for the last five years.
Customers
growth-positive
Tier 1 Telecom Operator Selects Gilat Satellite Connectivity for a Major Western European Utility Company
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has been chosen by a Tier 1 global telecommunications operator to provide satellite connectivity for a major utility company in Western Europe. The operator will use Gilat’s SkyEdge II-c platform to provide IoT telemetry across hundreds of remote sites on its utility customer’s national network. Following successful testing, the telecommunications operator plans to use Gilats platform for expansion into other applications such as cellular backhaul and emergency response.
CustomersPartnersExpand
growth-positive
Gilat Awarded Millions of Dollars in Orders for Cellular Backhaul Over Satellite Project in Mexico
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has been awarded millions of dollars in orders for a cellular backhaul over satellite project led by a Mexican federal agency. The project is part of the CFE Telecommunications and Internet for All initiative, aimed at providing better access to information and communication technologies throughout Mexico. Gilats cellular backhaul solution will be used to connect hundreds of 4G sites across the country. The companys leading technology and local presence are instrumental in addressing the special requirements of the CFE TEIT deployment.
CustomersPartners
Neutral
Gilat to Report Second Quarter 2023 Results on August 8th
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, solutions, and services, has announced that it will release its financial results for the second quarter of 2023 on August 8, 2023. Following the release, CEO Adi Sfadia and CFO Gil Benyamini will discuss the results and business achievements in a conference call and webcast. The webcast will be available on the companys website and will be archived for 30 days.
growth-positive
Gilat Satellite Networks to Present at the 2023 LD Micro Invitational Conference
Gilat Satellite Networks Ltd. will be presenting at the 13th annual LD Micro Invitational on June 7th. The event will feature more than 150 companies, and Gilats Chief Financial Officer will be giving the presentation. The company will also be meeting with investors and analysts in a one-on-one setting. Interested parties can register to watch the presentation remotely. LD Micro is an independent resource in the micro-cap space, providing comprehensive data and hosting significant events. Gilat Satellite Networks is a global provider of satellite-based broadband communications, offering deep technology solutions for satellite, ground, and new space connectivity. They aim to provide communication solutions to all reaches of the world.
InvestmentManagement Changes
Gilat Satellite Networks Ltd. (NASDAQ:GILT) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ?
Growth-Positive
Gilat to Participate at the 18th Annual Needham Technology & Media Conference on May 17, 2023
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has announced that its Chief Financial Officer, Gil Benyamini, will be participating in the 18th Annual Needham Technology & Media Conference in New York City on May 17, 2023. Benyamini will give a presentation and will also be available for one-on-one meetings with investors. The company provides satellite-based broadband communications and has a portfolio of products addressing various applications including broadband access, mobility, cellular backhaul, military, government, and enterprise.
Management Changes
growth-positive
Why Are Gilat Satellite Networks Shares Trading Higher Today
Gilat Satellite Networks reported a 15% year-on-year revenue growth in the first quarter of FY23, reaching $58.96 million. The companys non-GAAP operating income was $7.0 million, and non-GAAP EPS was $0.07. Gilats CEO expressed confidence in the companys strong performance and increased profitability guidance for 2023. The company reiterated its revenue guidance for FY23 and raised its operating income and adjusted EBITDA guidance. Gilat Satellite Networks shares traded higher by 3.87% following the announcement.
Customers
Gilat Reports First Quarter 2023 Results
growth-positive
Financial Institution in Latin America Deploying Millions of Dollars of Gilat Technology for Satellite Connectivity
Gilat Satellite Networks announced that a financial institution in Latin America is deploying millions of dollars of Gilat technology for satellite connectivity. Thousands of Gilat VSATs are being deployed across the country to expand the reliability and robustness of the network, which serves branches of a world-leading financial services company. The financial services company is using Gilats satellite communications technology to ensure secure and reliable communication. The deployment is part of a system-wide upgrade and expansion of their network.
Customers
growth-positive
Gilat Receives Multimillion-Dollar Order for Expansion of Advanced Disaster Response Network in Asia
Gilat Satellite Networks has received a multimillion-dollar order for VSATs to expand the rollout of an advanced disaster response network in Asia. The equipment will support the national initiative in its efforts to expand and strengthen disaster prevention and administration. The network will provide secure, bandwidth-efficient voice services, video feeds, emergency alerts, mobility services, and data services for disaster response capabilities. Gilats technology is being used to ensure service continuity for the network. The expansion is seen as a positive growth opportunity for the company.
PartnersExpand
Intelsat Strengthens Strategic Partnership and Expands Service Capabilities with Significant Multimillion-Dollar Orders for Gilat's Multi-service Platforms and Terminals
Not Identified
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Gilat Satellite Networks' (NASDAQ:GILT) Returns Have Hit A Wall
Gilat to Report First Quarter 2023 Results on May 9th
Gilat Satellite Networks Full Year 2022 Earnings: EPS Misses Expectations
SES Certifies Gilat’s SkyEdge IV Platform for O3b mPOWER, O3b and SES-17
growth-positive
Gilat Satellite Networks to acquire DataPath - SatellitePro ME
Gilat Satellite Networks has signed a definitive agreement to acquire DataPath, Inc., a US-based expert systems integrator with a focus on the DoD and US government sectors. The acquisition is expected to increase Gilats annual revenues in the defence sector by approximately $50m. The deal is subject to regulatory approval and is expected to close in Q3 2023. The acquisition aligns with Gilats growth strategy to expand its business into the US DoD and government sectors, as well as other international governments and Defense markets.
Acquisition
Gilat Announces Filing of 2022 Annual Report
ST Engineering iDirect and Gilat Satellite Networks Successfully Showcase Proof of Concept Utilizing DIFI Standard at Satellite 2023
growth-positive
ST Engineering iDirect and Gilat Satellite Networks Successfully Showcase Proof of Concept Utilizing DIFI Standard at Satellite 2023
Gilat Satellite Networks and ST Engineering iDirect have successfully demonstrated the conversion of analog signals to digital signals using the Digital Intermediate Frequency Interoperability (DIFI) 1.1 Standard. The demonstration showcases the potential for interoperability in the space industry, allowing manufacturers to build technologies that work in both open and closed network topologies. The DIFI standard enables the digital transformation of the industry and provides flexibility in responding to customer demands. The successful proof of concept was showcased at the Satellite 2023 event. Gilat and ST Engineering iDirect are working towards virtualization and the realization of an all-digital teleport. The DIFI standard simplifies gateway designs and paves the way for a more flexible and virtualized ground infrastructure.
Partners
Gilat Signs Definitive Agreement to Acquire DataPath, Inc. a Market Leader in Trusted Communications for the US DoD, Military and Government Sectors
growth-positive
Gilat Announces Launch of Endurance, a New Line of “Always-On” SSPA Products
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has announced the launch of a new product line called Endurance through its US-based subsidiary, Wavestream. The Endurance line includes high-power, always-on solid state power amplifier (SSPA) products, designed to replace existing satellite communication solutions. The US Department of Defense is currently evaluating the new SSPAs for a significant satellite communication program. Once certified, Gilat expects to receive orders worth millions of dollars in the coming years.
CustomersExpand
Gilat to Participate in the 35th Annual Roth Conference on March 13, 2023
Hispasat and Gilat Expand Strategic Partnership with the Selection of Gilat's SkyEdge IV Platform for Amazonas Nexus
growth-positive
Hispasat and Gilat Expand Strategic Partnership with the Selection of Gilat's SkyEdge IV Platform for Amazonas Nexus
Hispasat, a global satellite operator, has selected Gilat Satellite Networks SkyEdge IV platform to deliver high-performance, satellite-based fixed data and mobility services. This expands the strategic partnership between the two companies and enables Hispasat to expand its service coverage in Latin America. The SkyEdge IV platform is designed to operate with new, adaptable, and highly flexible satellites, providing the required capacity to end-users. Hispasats Amazonas Nexus satellite, equipped with a Digital Transparent Processor, will cover the Americas, Greenland, and the North and South Atlantic corridors. The partnership strengthens Gilats leading technology adoption by world-class operators. Hispasat is a leading communications bridge between Europe and America, providing broadband and connectivity services. Gilat Satellite Networks is a global provider of satellite-based broadband communications.
Partners
growth-positive
Gilat Announces Availability of SkyEdge IV Taurus-M, New Satellite Modem for Military and Government Markets
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has announced the launch of SkyEdge IV Taurus-M, a new satellite modem product designed for military and government markets. The modem is backward compatible with SkyEdge II-c, protecting the investments of customers who have already adopted Gilats satellite network platform. The SkyEdge IV Taurus-M is a high-performance, rugged modem ideal for mobile satellite communications. It is the smallest modem on the market that offers highly available, high-speed satellite communications for stationary and on-the-move operations.
CustomersInvestment
Gilat Enables TIM Brasil to Be First Network Operator with Coverage to 100% of Brazilian Cities
growth-positive
Gilat and Intelsat's multi-million dollar partnership expands their strategic IFC for the Americas
Gilat Satellite Networks Ltd. and Intelsat are expanding their strategic partnership with multimillion-dollar agreements to increase in-flight connectivity (IFC) in the Americas. Gilat hubs in the USA and Brazil will be expanded to support increased network capacity to address growing bandwidth demands on Intelsat’s IFC network in the Western Hemisphere. The expansion is in response to the post-COVID recovery of in-flight connectivity and the increased demand for in-flight communication services.
PartnersExpand
growth-positive
Gilat Awarded Over $10M to Power IFC Applications of Tier-1 Global Aerospace System Integrator
Gilat Satellite Networks Ltd. has received over $10M in orders for transceivers from a Tier-1 global aerospace system Integrator to power in-flight connectivity. The orders will be fulfilled by Gilats subsidiary, Wavestream. This new business strengthens Wavestreams position in the IFC marketplace, with over 3,000 units already operating on commercial and business aviation aircraft worldwide. Wavestream is the industry leader in the design and manufacture of high-power transceivers for in-flight connectivity. Gilat Satellite Networks is a leading global provider of satellite-based broadband communications.
Partners
growth-positive
Gilat Selected by Sencinet for Petrobras' Oil and Gas Industry Satellite Connectivity Project
Gilat Satellite Networks has been selected by Sencinet for Petrobras oil and gas industry satellite connectivity project. Gilats SkyEdge II-c SATCOM network will be deployed within offshore platforms, ships, and land stations to modernize and expand Petrobras onshore/offshore telecommunications capabilities. The project aims to meet Petrobras stringent service-level agreement (SLA) requirements and provide high-quality, optimized deployment. The partnership with Sencinet will also accelerate Gilats growth with companies that provide services to Petrobras and private oil and supply boat companies involved in exploration and logistics throughout Brazil. Gilats comprehensive solutions support multiple applications in the oil and gas industry and other important markets in Latin America.
Partners
growth-positive
Gilat and Intelsat Expand Their Strategic In-Flight Connectivity Partnership in Japan
Gilat Satellite Networks is expanding its strategic in-flight connectivity partnership with Intelsat in Japan. Intelsat is augmenting its commercial and business aviation services by expanding the network with two additional SkyEdge II-c hubs from Gilat. This expansion will enhance the reliability of in-flight communication services for air travelers. Gilats technology for in-flight connectivity helps Intelsat address the increased demand for such services. The partnership aims to deliver robust in-flight communications in Japan and beyond. Gilat Satellite Networks is a leading global provider of satellite-based broadband communications.
Partners
growth-positive
Intelsat inks deal with Gilat to expand in-flight connectivity - SatellitePro ME
Intelsat has placed a multimillion-dollar order for Gilat Satellite Networks SkyEdge IV Taurus modems to expand its capabilities in the in-flight connectivity (IFC) arena. The order will enable Intelsat to continue delivering high-quality IFC capabilities to its customers and enhance the user experience. The SkyEdge IV Taurus modems provide Wi-Fi internet and IPTV for passengers on commercial airlines, regional aircraft, and business jets. The partnership between Intelsat and Gilat will help capture a larger share of the resurgent IFC market. The article does not mention any specific customers or the date of the event.
CustomersPartners
growth-positive
לאחר 9 שנים בחברה: פימי מכרה את אחזקותיה בגילת להפניקס ב-92 מיליון דולר כלכליסט
FIMI Private Equity Funds has sold its stake in Gilat Satellite Networks, a provider of satellite communication solutions, for approximately $70 million to Phoenix Insurance Company. FIMI had invested $81.3 million in Gilat since 2012 and has now sold its holdings and collected dividends totaling $215 million, 2.6 times its investment. Following the acquisition, Phoenix Insurance Company will hold about 20% of Gilat. The sale of FIMIs remaining shares in Gilat comes after the fund sold about 2.7 million FIMI shares, or about 4.8% of the companys shares, for $22 million.
InvestmentAcquisition
growth-positive
גילת נכנסת לעידן רשתות הלוויין הדיגיטליות - Techtime - חדשות אלקטרוניקה והייטק
Gilat Satellite Networks has announced two strategic agreements for its SkyEdge IV platform, which was launched earlier this month. The company aims to lead the new Elastix infrastructure market. The new platform is designed to provide a solution for what the company calls the Elastix Era of satellite communication. This new era is based on the use of satellites in multiple orbits, software-defined satellites, cloud-based management systems, and flexible access. The company ended 2021 with a 32% increase in sales to a total of $218.9 million.
PartnersExpand
growth-positive
גילת קיבלה הזמנות בהיקף של מעל ל-5 מיליון דולר מספקית טרמינלי תקשורת אמריקאית Tier-1 לאספקת מגברי מצב מוצק ללקוחות צבאיים ברחבי העולם New-Tech OnLine
גילת רשתות לוויין, a global leader in communication network technology, announced that it has received orders worth over $5 million from an American Tier-1 communication terminal provider for the supply of solid-state power amplifiers (SSPAs) for SATCOM communication systems sold to military forces worldwide. The companys subsidiary, Wavestream, will provide the MicroStream systems for frequency conversion/amplification. The orders indicate continued trust in Wavestreams technology, manufacturing capabilities, and reliability. Wavestreams MicroStream systems were chosen for their ability to meet the strict SWaP (size, weight, and power) requirements of military users for tactical and ongoing needs.
Partners
growth-positive
Africa Mobile Networks expands coverage with Gilat hubs - SatellitePro ME
Gilat has partnered with Africa Mobile Networks (AMN) to extend Africas largest satellite-based network and bridge the digital divide. AMN has deployed Gilat hubs and ordered Gilat cellular backhaul terminals to serve multiple Tier-1 Telcos in Africa. The partnership aims to enhance connectivity and reach more of the population in Africa. Gilat and AMN will work together to expand cellular backhaul reach in additional sites and regions, including migration to 4G.
Partners
growth-positive
Gilat Wins $12M Deal for Transport Network in Peru - Via Satellite -
Gilat Satellite Networks has won a $12 million service award for recurring revenues from broadband services in Cusco, Peru. The contract is for a three-year period and involves operation and maintenance of the regional broadband transport network. This achievement opens the door for potential growth in additional regions and brings the company closer to its target of $50 million in annual recurring revenues from Peru. Gilat has previously received contracts to connect public Wi-Fi sites and build telecom systems for airports in Peru.
CustomersPartners
growth-negative
קרן פימי ממשיכה לממש מניות גילת: מכרה ב-38 מיליון דולר לגופים בחו"ל כלכליסט
קרן פימי מכרה מניות של גילת בהיקף של 38 מיליון דולר, יורדת מהחזקה של 26.8% ל-19.7%. פימי מציגה תשואה של 350% על גילת. גילת ממשיכה לממש את אחזקותיה במניות גילת על רקע הגאות במניה.
Investment
growth-positive
Gilat Received $17 Million in Orders for Support of Low Earth Orbit Constellation
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has received additional orders worth $17 million for support of Low Earth Orbit (LEO) constellations gateways. The orders were received as part of a previously announced contract. Gilats subsidiary, Wavestream, will supply Gateway Solid State Power Amplifiers (SSPAs) to a leading satellite operator. The manufacturing of these complex Gateway-class SSPAs is proceeding at an unprecedented rate, with all deliveries expected by the end of 2022.
Customers
growth-positive
SES Awards Gilat Multi-Million Dollar Contract for Multiple Broadband Applications in Latin America
Gilat Satellite Networks has been awarded a multi-million-dollar contract by SES for multiple broadband applications in Latin America. Gilats multi-service platform will support SES in cellular backhauling, enterprise, and Universal Service Obligation (USO) projects as SES extends services into Latin America. The contract signifies the strong strategic relationship between Gilat and SES and will enable connectivity for multiple applications in the region. Gilats presence in Latin America, with its local delivery capabilities, has supported SES Networks in ensuring high-quality service for even the most remote populations. Gilat and SES share a common vision of delivering high-quality communication to people wherever they are.
PartnersCustomers
growth-positive
Gilat Receives Multi-Million Dollar Award from US Army to Supply High Performance BUCs for Tactical Communications
Gilat Satellite Networks Ltd., through its subsidiary Wavestream, has been awarded a multi-million-dollar contract by the US Army to supply high-performance BUCs for tactical communications. Wavestream will provide an additional 50W Ka-band BUCs for program sustainment. The BUCs have been in service since 2007 and have been deployed worldwide. This contract demonstrates the long-term value of solid-state solutions in demanding environments. Wavestream is a leader in the design and manufacture of satellite communications high-power transceivers.
Partners
growth-positive
גילת חתמה על הסכם אסטרטגי המוערך ביותר מ-5 מיליון דולר עם Pacific Dataport לאספקת שירותי פס-רחב ברחבי אלסקה New-Tech OnLine
גילת רשתות לוויין has signed a strategic agreement worth $5 million with Pacific Dataport Inc. (PDI) to provide internet coverage in Alaska. The multi-purpose platform of Gilat, SkyEdge II-c, will support PDIs Aurora network in delivering a wide range of applications to the population of Alaska. PDI aims to provide a multi-application network that serves the Alaskan population with fixed and mobile communication services. The SkyEdge II-c platform is designed to support a wide range of vertical applications with high efficiency and performance. PDI chose Gilat for its technological innovation, proven performance, and global experience. The partnership aligns with the shared vision of both companies to provide high-quality broadband connectivity to all.
PartnersCustomers
growth-positive
Gilat Awarded Multi-Million Dollar Contract to Provide Satellite Communication Equipment for Defense Forces in Asia
Gilat Satellite Networks has been awarded a multi-million-dollar contract to provide satellite communication equipment to a large system integrator for its customer in Asia. The contract will serve the needs of defense forces by providing tactical SATCOM solutions for mobile platforms and enabling efficient communication channels during emergencies and disaster response. Gilats technology was chosen due to its superior technology, highly secure solution, proven global track record, and commitment to the local market. The contract is seen as a significant step in implementing Gilats strategy in the global Defense market.
CustomersPartners
growth-positive
Gilat Awarded $9 Million in Orders for Support of Low Earth Orbit Constellation
Gilat Satellite Networks Ltd. has announced that it has received orders worth $9 million for the support of gateways of Low Earth Orbit (LEO) constellations. The orders were received by Gilats subsidiary, Wavestream, which was chosen to supply Gateway Solid State Power Amplifiers (SSPAs) to a leading satellite operator. The orders are part of a previously announced contract and Wavestream is proceeding according to plan with orders now exceeding 800 Gateway-Class SSPAs. All deliveries are expected within the next 12 months.
Customers
growth-negative
קרן פימי צפויה למכור עוד מניות גילת תמורת כ-38 מיליון דולר
Pimi Fund is set to reduce its holdings in Gilat Satellite Networks. After selling Gilat shares for $58.5 million last February, the fund reported yesterday on an agreement it signed with Credit Suisse to sell up to about 3.8 million additional shares, which constitute about a quarter of the funds holdings in Gilat. The current value of Pimi Funds holdings in Gilat shares is about $152 million.
Investment
growth-positive
Gilat Extends Multi-Million Dollar IoT Project in Latin America
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, has announced the extension of its multi-million dollar IoT project in Latin America. The company is expanding its Agriculture IoT network, providing the 4G network expansion to support the growing business with connectivity of machines that require real-time control and monitoring of harvesters and agricultural tractors. This will ensure cost-effective decisions, better crop management and greater speed, efficiency and productivity in the production flow.
CustomersExpand
growth-positive
Gilat jumps on major Asia Pacific government deal
Gilat Satellite Networks has signed a strategic agreement worth tens of millions of dollars with a large government corporation in the Asia Pacific region. The agreement includes equipment and a multi-year managed-services contract that will enable connectivity for multiple applications across the nation. The partnership is expected to lead to significant project expansions. Gilats market cap is currently $568 million, and its share price has risen 68% since the start of 2021. FIMI Opportunity Funds is the companys biggest shareholder with a 26.4% stake. The article was published on May 3, 2021.
PartnersCustomers
growth-positive
Tier-1 Telco in Latin America Awards Gilat Over $3M to Provide Broadband Connectivity in Support of Bridging the Digital Divide
Gilat Satellite Networks has been awarded over $3M by a Tier-1 Telco in Latin America to provide broadband connectivity over satellite for remote schools. The project aims to support childrens education and bridge the digital divide. Gilats SkyEdge II-c network was chosen for its experience in delivering high-quality broadband connectivity and deploying VSATs for Universal Service Obligation projects. This award reflects Gilats achievements in Latin America and its commitment to bridging the digital divide globally. Gilat Satellite Networks is a leading global provider of satellite-based broadband communications.
Customers
growth-positive
Gilat Awarded Over $20 Million in Orders for Support of Low Earth Orbit Constellation
Gilat Satellite Networks has received orders of over $20 million for support of gateways of Low Earth Orbit (LEO) constellations. The orders were received by Gilats subsidiary, Wavestream, which will supply Gateway Solid State Power Amplifiers (SSPAs) to a leading satellite operator. The SSPAs were selected for their technical performance and reliability in harsh environments, making them suitable for Non-Geostationary Satellite Orbit (NGSO) constellations. Wavestream is fully engaged in delivering the essential SSPAs for the LEO constellation gateways.
PartnersCustomers
growth-positive
FIMI sells part of Gilat stake
FIMI Opportunity Funds, the largest shareholder in Gilat Satellite Networks, has sold part of its holding, reducing its stake in the company to 26.8%. The sale yielded a profit of $58.5 million for FIMI Opportunity Funds. Gilat Satellite Networks has experienced a 153% rise in its share price this year, driven by contracts and private investors. The companys CEO, Adi Sfadia, mentioned that there are many tenders and opportunities in the market. FIMI Opportunity Funds first invested in Gilat in 2012 and has received dividends totaling $20.3 million. The remaining stake is valued at approximately $226 million. The article was published on February 23, 2021.
Investment
growth-positive
Gilat wins Peruvian airports deal
Gilat Satellite Networks Ltd. has been awarded a multi-million-dollar contract to provide mission critical telecom systems for 29 of Perus airports. The contract was granted by CORPAC, the Peruvian Corporation of Commercial Airports and Aviation. This contract follows Gilats implementation of large government projects and positions the company for additional large deals in Peru. After a fallow period in terms of new orders, Gilat has received four major orders in the past few weeks and its share price has risen sharply. The share price has nearly tripled since October.
Customers
growth-positive
Gilat Awarded Contract with a Potential of Over $50 Million to Supply Wavestream's Gateway Solid State Power Amplifiers for Low Earth Orbit Constellation
Gilat Satellite Networks Ltd. announced that its subsidiary Wavestream received an award estimated at over $50M from a leading satellite operator to support the gateways for a Low Earth Orbit (LEO) broadband satellite constellation. Wavestream has been selected to supply Gateway Solid State Power Amplifiers (SSPAs) for the project. The award is expected to have a positive impact on the growth of Gilat Satellite Networks.
Partners
growth-positive
Gilat jumps on Mexican AXESS deal
Gilat Satellite Networks Ltd. has been awarded a multi-million dollar deal by AXESS for cellular backhaul projects in Mexico. The deal will support network expansion for two Mobile Network Operators in Mexico and bridge the digital divide in the country. Gilats share price increased by over 305 on news of the deal, resulting in a market cap of $532 million. AXESS chose Gilat for its leading technology, global expertise, and local presence. Gilat is the leading global provider of cellular backhaul over satellite and aims to grow its mobile connectivity presence in Latin America.
PartnersCustomers
growth-positive
One of World's Largest MNOs to Deploy Gilat's 4G Cellular Backhaul over Satellite Technology
Gilat Satellite Networks announced that one of the worlds largest Mobile Network Operators (MNOs) will deploy 4G cellular backhaul over satellite technology from Gilat. The MNO, serving millions of subscribers in Asia, will implement Gilats SkyEdge II-c system and Capricorn Outdoor VSATs to improve Voice and Data over LTE services. This deployment is expected to take place in the first quarter of 2022. Gilat sees this deal as a major market penetration achievement with significant growth potential. They anticipate expanding their business with this MNO and other MNOs worldwide in 2022.
Partners
growth-positive
Gilat Declares $35 Million Cash Dividend to Shareholders
Gilat Satellite Networks Ltd. has announced the appointment of Bosmat Halpern as its CFO. The companys Board of Directors has also declared a cash dividend of $0.63 per share, totaling approximately $35 million. This dividend follows the court approval for its distribution. Together with a previous dividend of $20 million, the total amount payable to shareholders is approximately $55 million. Gilats CEO, Adi Sfadia, expressed confidence in the companys cash position and its ability to explore future opportunities. The company has also requested a tax ruling from the Israel Tax Authority regarding the dividend. Gilat Satellite Networks is a global provider of satellite-based broadband communications.
Management Changes
growth-positive
Gilat Equips Hundreds of Boats, Vessels and Cruise Ships with Satellite Communication
Gilat Satellite Networks has been selected to equip hundreds of boats, vessels, and cruise ships with satellite communication in Asia. The companys modems and transceivers have been successfully deployed on maritime vessels, providing broadband internet through fully integrated maritime terminals. Gilats SkyEdge II-c X-Architecture operates over China Satcoms HTS Ka-band network, offering an excellent user experience with multiple switchovers between satellite beams. This win solidifies Gilats position as a major provider for the maritime market, and the company expects to see additional opportunities as the maritime market recovers from the pandemic.
CustomersPartners
growth-positive
SES and Gilat Expand Partnership with Multi-Million-Dollar Follow-on Order for High-Speed Modems
Gilat Satellite Networks announces an expansion of their partnership with SES, with a multi-million-dollar follow-on order for high-speed modems. The modems will deliver multi Gbps throughput, targeting high-end services over SESs O3b and O3b mPOWER MEO constellations. Gilats modems will support SES in delivering fiber-equivalent services for government and high-end enterprise solutions. The partnership aims to address the growing demand for affordable low-latency global broadband connectivity. Gilat Satellite Networks is a leading global provider of satellite-based broadband communications.
Partners
growth-positive
Morgan Stanley becomes party at interest in Gilat
Morgan Stanley has acquired a 5% stake in Gilat Satellite Networks Ltd. through ownership of 2,794,391 shares. The $577 million acquisition of Gilat by Comtech was canceled due to the Covid-19 pandemic, with Comtech paying Gilat $70 million in compensation.
Investment
growth-negative
Gilat, Comtech agree deal cancellation
The deal for the sale of Gilat Satellite Networks to Comtech Telecommunications Corp. has been cancelled due to the impact of the coronavirus pandemic. The cancellation resulted in a compensation of $70 million to be paid by Comtech to Gilat. The deal, which valued Gilat at $577 million, was affected by the decline in share prices of both companies. Gilat plans to sue Comtech for damages in the hundreds of millions of dollars. The cancellation also raised uncertainties regarding the approval of the deal by the Russian regulator. Gilats main shareholders include FIMI Opportunity Funds, Mivtach Shamir, Renaissance Technologies LLC, and company chairman Dov Baharav.
Acquisition
growth-negative
Gilat and Comtech in litigation over Gilat acquisition - SpaceWatch.Global
Gilat Satellite Networks has filed a complaint against Comtech Telecommunications over the latters acquisition of Gilat. The complaint rejects earlier allegations made by Comtech in a complaint against Gilat. Comtech had sought declaratory judgments that certain actions taken by Gilat in connection with Russian regulatory approval would breach Gilat’s obligations under the merger agreement. Comtech also claimed that Gilat has suffered a Material Adverse Effect as a result of the COVID-19 pandemic, and therefore, it is not required to complete the merger. Gilat has rejected these allegations and is seeking a court order requiring Comtech to perform its obligations under the merger agreement.
Acquisition
growth-positive
Gilat Awarded Cellular Backhaul Project for Kcell, Kazakhstan's Largest Mobile Network Operator
Gilat Satellite Networks has been awarded a cellular backhaul project for Kcell, Kazakhstans largest Mobile Network Operator (MNO). Gilat will provide connectivity to hundreds of rural villages in partnership with TelService LTD to support the Digital Kazakhstan government program. The project aims to accelerate economic growth and improve living conditions in rural areas. Kcell chose Gilats platform for cellular backhaul due to its high quality and performance. Gilat is honored to be part of the program and to provide high-quality connectivity to remote areas. TelService LTD plans to continue providing satellite services for the Digital Kazakhstan program.
PartnersCustomers
growth-positive
Telefonica International Wholesale Services (TIWS) Selects Gilat for Broadband and Cellular Backhaul Project in Argentina
Gilat Satellite Networks has been selected by Telefonica International Wholesale Services (TIWS) for a satellite communication project in Argentina. The project includes rural broadband services and cellular backhaul. Gilats expertise and presence in Latin America, along with its local partner Planex, enabled fast delivery despite the challenges posed by the COVID-19 pandemic. Gilats SkyEdge II-c multi-service platform was chosen for its ability to meet the projects technical and business needs. Despite obstacles caused by the pandemic, Gilat successfully delivered the required equipment in record time. The deal demonstrates Gilats readiness to support Telefonicas global requirements.
Partners
growth-negative
Gilat threatens Comtech with heavy countersuit
Comtech Telecommunications Corp. has filed a revised complaint in the Court of Chancery in the State of Delaware, asking the court to declare that it is not obliged to complete the merger with Gilat Satellite Networks Ltd. Comtech claims that Gilats poor financial results due to the Covid-19 pandemic constitute a material adverse effect. Gilat opposes Comtechs claims and states that Comtech is trying to avoid its contractual obligation. Gilat intends to vigorously defend its position and file a counter claim seeking monetary damages. The acquisition deal, originally valued at $577 million, would now be worth $470 million if completed.
Acquisition
growth-negative
Comtech acquisition of Gilat on brink of collapse
The chances of Comtech Telecommunications Corp. completing the $575 million acquisition of Gilat Satellite Networks are rapidly diminishing. Comtech has filed a complaint against Gilat in the Delaware Court of Chancery, seeking a judgment that actions taken by Gilat would breach its obligations under the merger agreement. The complaint relates to Comtechs pending application for required regulatory approval in the Russian Federation, which has been delaying the completion of the deal. Gilat has responded aggressively, stating that Comtechs claims are groundless. If the deal is cancelled, Comtech is not obligated to pay compensation to Gilat. Gilats share price has fallen 14% and its market cap is now half the agreed acquisition price.
Acquisition
growth-positive
Gilat's Airborne Technology Enables Opening-up of the Chinese Ka-Band IFEC Market and Driving a Multi-Million Dollar Market Opportunity
Gilat Satellite Networks Ltd. announces that its aero modem, Taurus, is powering In-flight Entertainment and Connectivity (IFEC) service for Chinas Qingdao Airlines. The service is provided by China Satcom, over CS-16 Ka-HTS satellite, and integrated by FTS. This marks the opening-up of the Chinese Ka-band IFEC market and presents a multi-million-dollar market opportunity. The Qingdao Airlines A320 aircraft has started providing the Ka band satcom-based IFEC commercial service. Gilat views China as a strategic focus area and looks forward to continued collaboration with its partners in the China IFC market.
Partners
Neutral
Yona Ovadia Steps Down as Gilat's CEO, Adi Sfadia Named as Interim CEO of Gilat
Gilat Satellite Networks Ltd. has announced that Yona Ovadia has stepped down as CEO of the company, effective immediately. Adi Sfadia, Gilats CFO and Chief Integration Officer, will assume the position of interim CEO. Ovadia will remain as a consultant of the company and continue assisting in the integration with Comtech. The change in leadership was announced on July 2, 2020.
Management Changes
growth-positive
ESA Collaboration between Gilat and Carlisle Interconnect Technologies Now Presented at Satellite 2020
Gilat Satellite Networks Ltd. has announced a collaboration with Carlisle Interconnect Technologies (CIT) on a newly designed ESA terminal with an integrated Thermal Management Solution. The terminal is on display at the Satellite 2020 show in Washington DC at CIT’s booth. Gilats Electronically Steered Antenna (ESA) was the first-ever to demonstrate in-flight operation over Ka on a commercial aircraft. The ESA terminal is a fully electronic beam steering, no moving parts terminal, featuring wide instantaneous bandwidth, wideband frequency support, instantaneous beam switching and gate-to-gate operation.
Partners
growth-positive
Comtech buys Israel's Gilat Satellite Networks for $577m
Comtech Telecommunications Corp. has agreed to acquire Gilat Satellite Networks Ltd. in a cash and stock transaction for $10.25 per share, with 70% paid in cash and 30% in Comtech common stock. The acquisition reflects an enterprise value of $532.5 million and a company value of $577.3 million. The combined companies will offer satellite technology, public safety and location technology, and secure wireless solutions to commercial and government customers worldwide. The acquisition is a major success for FIMI Israel Opportunity Funds, which has a 34% stake in Gilat and will receive a return of nearly 240%. The deal was advised by Proskauer Rose LLP.
Acquisition
growth-positive
Gilat Satellite Approaching NIS 2 Billion Acquisition by Unnamed Multinational
Gilat Satellite Networks Ltd. is in advanced talks to be acquired for NIS 2 billion (approximately $579 million). The deal reflects a 25% premium on Gilats market capitalization. Gilats largest shareholder is FIMI Opportunity Funds.
Acquisition
growth-positive
Gilat Satellite wins deal from Globe Telecom to enable WiFi - TelecomLead
Gilat Satellite Networks has announced a deal with Globe Telecom to provide WiFi service over satellite to schools and hospitals in the Philippines. This expands on their existing partnership for cellular backhaul. The partnership with Globe Telecom is a growth-positive move for Gilat.
Partners
growth-positive
Gilat Satellite to bring broadband Internet to Mexico
Gilat Satellite Networks has signed a deal with Hispasat to provide broadband commercial services in Mexico. The partnership will potentially put tens of thousands of Gilats VSAT remote terminals across Mexico, communicating with the Amazonas-5 satellite. Hispasat will offer broadband Internet, Wi-Fi connectivity, and mobility applications to its customers in semi-urban and rural locations. The partnership is just the start, as the two companies are cooperating in multiple projects globally. This announcement reflects the growth-positive impact on Gilat Satellite Networks.
PartnersCustomers
growth-positive
Gilat and Hughes to Unveil High Performance Dual-Band Aero Antenna for In-Flight Connectivity (IFC) at Satellite 2017
Gilat Satellite Networks and Hughes Network Systems have announced a new high-performance dual Ka- / Ku-band aero antenna that supports continuous broadband connectivity for commercial aircraft. The antenna was developed in accordance with Hughes specifications and is fully interoperable with any aero modem. Gilat is responsible for the development and manufacturing of the antenna. The partnership between Gilat and Hughes is seen as an innovative development project in the global in-flight connectivity (IFC) space. The new dual band antenna will enable airlines to have uninterrupted connectivity for air routes that require a combination of Ka and Ku coverage. It will also meet the volume requirements for radome line-fit installations on both Airbus and Boeing aircraft.
Partners
growth-positive
Gilat wins largest ever contract
Gilat Satellite Networks has won a $286 million contract for telecommunications infrastructure in remote areas of Peru. The contract with Fitel is the largest contract the company has ever won. Gilat will connect about 600 public institutions to broadband services and expects additional revenue from enabling cellular carriers to acquire network capacity. The companys CEO, Erez Antebi, expressed gratitude for Fitels continued confidence in Gilats ability to deliver communication solutions in challenging terrain. The article was published on March 8, 2015.
CustomersPartners
Gilat Satellite Networks Team
Employee Info
| Employees (range) | 500+ |
| Exact count | 1363 |
| Team members | 9 |
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Admin Info
| Confidence | 102/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 520038936 |
| Crunchbase | gilat-satellite-networks |
| Phone | +97239252000 |
| Last updater | Ayelet Levi Shinebox |
| Updater email | ayeletlevis@sncentral.org |
| Last update | 2024-05-27T00:00:00.000Z |
| Created | 2014-12-07T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Public on NASDAQ on Apr, 1993;Public on TASE on Feb, 2004; |