Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions and services in Latin America, the Asia Pacific, North America, Europe, the Middle East, and Africa. It operates through three segments: Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure Projects. The company designs and manufactures ground-based satellite communications equipment; and provides solutions and end-to-end services. Its portfolio consists of a cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state amplifiers, block upconverters, transceivers, low-profile antennas, and on-the-move/on-the-pause terminals. In addition, the company offers various solutions, including managed satellite network services, network planning and optimization, satellite capacity, remote network operation, call center support, hub and field operations, and communication network construction and installation services. Further, it provides connectivity services, internet access, and telephony services to enterprise, government, and residential customers; and builds telecommunication infrastructure using fiber-optic and wireless technologies for broadband connectivity. Gilat Satellite Networks Ltd. sells its products and solutions to communication service providers and operators, mobile network operators, telecommunication companies, and system integrators, as well as to defense and homeland security organizations, and directly to end-users. The company was founded in 1987 and is headquartered in Petah Tikva, Israel.
IPO Year:
Exchange: NASDAQ
Website: gilat.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/26/2024 | Outperform | William Blair | |
| 6/27/2023 | $7.00 | Buy | Needham |
6-K - GILAT SATELLITE NETWORKS LTD (0000897322) (Filer)
6-K - GILAT SATELLITE NETWORKS LTD (0000897322) (Filer)
6-K - GILAT SATELLITE NETWORKS LTD (0000897322) (Filer)
6-K - GILAT SATELLITE NETWORKS LTD (0000897322) (Filer)
6-K - GILAT SATELLITE NETWORKS LTD (0000897322) (Filer)
6-K - GILAT SATELLITE NETWORKS LTD (0000897322) (Filer)
6-K - GILAT SATELLITE NETWORKS LTD (0000897322) (Filer)
6-K - GILAT SATELLITE NETWORKS LTD (0000897322) (Filer)
6-K - GILAT SATELLITE NETWORKS LTD (0000897322) (Filer)
6-K - GILAT SATELLITE NETWORKS LTD (0000897322) (Filer)
William Blair initiated coverage of Gilat Satellite with a rating of Outperform
Needham initiated coverage of Gilat Satellite with a rating of Buy and set a new price target of $7.00
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PETAH TIKVA, Israel, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that its wholly owned US-based subsidiary, Gilat DataPath, has been awarded $4M contracts from global Defense customers. These orders, for the company's CCT200, CCT120 and QCT90 portable terminals, are slated for delivery over the next 12 months. Gilat DataPath's C-Series and Q-Series Portable Satellite Antenna Terminals (PSATs) are renowned for their robust performance and rugged design. Engineered to withstand harsh environmental conditions such as wind, rain, dust, and extreme tem
PETAH TIKVA, Israel, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT)), a worldwide leader in satellite networking technology, solutions, and services, today announced that it will release its fourth quarter and full year 2024 financial results on Wednesday, February 12, 2025. Conference Call and Webcast Following the release, Adi Sfadia, Chief Executive Officer, and Gil Benyamini, Chief Financial Officer, will discuss Gilat's fourth quarter and full year 2024 results and business achievements and participate in a question-and-answer session: Date: Wednesday, February 12, 2025Start: 09:30 AM EST / 16:30 ISTDial-in:US: 1-888-407
PETAH TIKVA, Israel, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that its wholly owned US-based subsidiary, Gilat DataPath, has been awarded over $5 Million in contracts from the US Department of Defense (DoD) and additional international Defense Forces. These contracts, for DKET terminals and providing Field Service Representative (FSR) support, will be delivered across the globe over the next 12 months. Gilat DataPath's technical and field services are specifically designed to meet the demanding connectivity requirements of military and defense end-us
PETAH TIKVA, Israel, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a world leader in satellite networking technology, solutions, and services, in partnership with Hispasat, swiftly responded to Southern Linc's urgent request for additional satellite capacity in the wake of Hurricane Helene. This Category 5 hurricane—a rare 100-year event—severely impacted Southern Linc's Georgia service territory, requiring a rapid and reliable solution to support disaster recovery operations of affected utilities, area sheriff departments, the Georgia Department of Public Safety and the Georgia Emergency Management and Homeland Security Agency. Within hours of the
PETAH TIKVA, Israel, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT)), a worldwide leader in satellite networking technology, solutions, and services, today announced orders exceeding $3 million from leading service providers for Gilat's Gateway Solid State Power Amplifiers (SSPAs) to support Low Earth Orbit (LEO) constellations. These orders are expected to be delivered in the coming 12 months. Gilat's high-performance SSPAs are key components of the company's innovative product portfolio, offering exceptional efficiency, reliability, and performance. These latest orders underscore the industry's trust in Gilat's technology to meet the stringen
PETAH TIKVA, Israel, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT)), a worldwide leader in satellite networking technology, solutions, and services, today announced management's participation in the 27th Annual Needham Growth Conference on Tuesday, January 14, 2025. Mr. Adi Sfadia, the Company's CEO, and Mr. Gil Benyamini, the Company's CFO, will be available for one-on-one meetings with investors at the conference. Management will also host a fireside chat on Tuesday, January 14, 2025, at 9:30 am Eastern Time. A live webcast of the fireside chat will be available at www.gilat.com or by accessing a webcast link at https://wsw.com/webcast/needh
Acquisition Supercharges Gilat's IFC Growth, Establishing a Global Leader in Aviation and High-End Mobility for ESA Applications Expected to Add $120-150 million in 2025 Annual Revenues PETAH TIKVA, Israel, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT)), a global leader in satellite networking technology, solutions, and services, today announced that it has successfully closed the acquisition of Stellar Blu Solutions LLC ("Stellar Blu"), a leading US-based provider of next-generation SATCOM terminal solutions. Gilat expects its annual revenues from Stellar Blu to range between $120 and $150 million in 2025, based on Stellar Blu's robust backlo
PETAH TIKVA, Israel, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company has received $9 million in orders from major satellite operators. The orders are for its advanced satellite communications platforms, SkyEdge IV and SkyEdge II-c equipment and services. Delivery is scheduled within the next 12 months. The world's leading satellite operators use Gilat's cutting-edge SkyEdge technology to provide unparalleled connectivity across multiple satellite constellations. SkyEdge platforms are designed to deliver robust, high-performance satellite co
PETAH TIKVA, Israel, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company has secured over $18 million in orders for IFC solutions. These orders are mainly for Gilat SkyEdge platforms, related services and SSPAs. The equipment and services are scheduled for delivery within the next 12 months. These orders highlight the confidence in Gilat's advanced technology and solutions to address the unique challenges and opportunities in IFC services. Gilat's flexible architecture enables reliable satellite connectivity, supporting the rapid expansion of I
Revenues Increased by 17% Year-over-Year GAAP Operating Income of $6.7 Million Adjusted EBITDA of $10.7 Million PETAH TIKVA, Israel, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT)), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the third quarter, ended September 30, 2024. Third Quarter 2024 Financial Highlights Revenues of $74.6 million, up 17% compared with $63.9 million in Q3 2023;GAAP operating income of $6.7 million, compared with $12.7 million in Q3 2023; GAAP operating income includes other income, net, of $1.3 million. Q3 2023 GAAP operating income included other income,
PETAH TIKVA, Israel, Dec. 30, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT))), a worldwide leader in satellite networking technology, solutions and services, announced today that the board of directors approved the appointment of Gil Benyamini as Gilat's CFO effective February 1st, 2022. Bosmat Halpern will assist the Company in the transition as she steps down from her role as Gilat's CFO. Gil Benyamini joins Gilat with a wealth of experience most recently from Panaxia Pharmaceutical Industries (TASE:PNAX), where he served for the past four years as CFO. In this position he was part of the core management team successfully leading the company RTO into
Believes Shareholders Have Lost Confidence in Company's Leadership – As Evidenced by Double-Digit Decline in Share Price after Announcement of Planned Appointment of Michael Porcelain as CEO and Disappointing FY21 Results Highlights Company's Long-Term Underperformance, Strategic Inattention, and History of Failed M&A Strategy Remains Open to Constructive Resolution, Despite Comtech's Unfortunate Misrepresentation of Engagement with Outerbridge to Date Outerbridge Nominees Would Bring Essential Experience and Expertise to Comtech Board and Help Unlock the Company's Substantial Intrinsic Value Outerbridge Capital Management, LLC ("Outerbridge"), a beneficial owner of approximately 4.95%
PETAH TIKVA, Israel, May 04, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT))), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the first quarter of 2021. First Quarter Financial Highlights Revenues of $44.7 million versus $47.7 million in Q1 2020 and up from $42.6 million in the previous quarter;GAAP operating loss of $3.7 million versus operating loss of $10.8 million in Q1 2020 and an operating income of $62.7 million in Q4 2020; GAAP operating income in Q4 2020 included income related to the legal settlement with Comtech, net of related expenses, of $64.8 million;Non-GAAP operating loss of
PETAH TIKVA, Israel, March 09, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announces the appointment of Isaac Angel as Gilat's Chairman of the Board. Isaac Angel's appointment is effective immediately, taking over from Dov Baharav who has stepped down and retired after a seven-year tenure. Isaac Angel brings with him a wealth of experience and accomplishments from his current and previous positions. Mr. Angel serves as Chairman of the Board and served as CEO at Ormat Technologies Inc., a global company delivering renewable power and energy solutions. Before his seven-year tenure
PETAH TIKVA, Israel, Dec. 30, 2020 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that its Board of Directors has declared a cash dividend to shareholders in the amount of $0.63 per share (approximately $35 million in the aggregate) following receipt of court approval for the distribution of the dividend. The dividend will be paid in US$ on January 20, 2021 to shareholders of record on January 11, 2021. Together with the $20M dividend distributed at the beginning of this month, the aggregate amount of dividends payable to shareholders adds up to approximately $55 million,
PETAH TIKVA, Israel, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT)), a worldwide leader in satellite networking technology, solutions, and services, today announced that it will release its fourth quarter and full year 2024 financial results on Wednesday, February 12, 2025. Conference Call and Webcast Following the release, Adi Sfadia, Chief Executive Officer, and Gil Benyamini, Chief Financial Officer, will discuss Gilat's fourth quarter and full year 2024 results and business achievements and participate in a question-and-answer session: Date: Wednesday, February 12, 2025Start: 09:30 AM EST / 16:30 ISTDial-in:US: 1-888-407
Revenues Increased by 17% Year-over-Year GAAP Operating Income of $6.7 Million Adjusted EBITDA of $10.7 Million PETAH TIKVA, Israel, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT)), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the third quarter, ended September 30, 2024. Third Quarter 2024 Financial Highlights Revenues of $74.6 million, up 17% compared with $63.9 million in Q3 2023;GAAP operating income of $6.7 million, compared with $12.7 million in Q3 2023; GAAP operating income includes other income, net, of $1.3 million. Q3 2023 GAAP operating income included other income,
PETAH TIKVA, Israel, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT))), a worldwide leader in satellite networking technology, solutions, and services, today announced that it will release its third quarter 2024 financial results on Wednesday, November 13th, 2024. Conference Call and Webcast Following the release, Adi Sfadia, Chief Executive Officer, and Gil Benyamini, Chief Financial Officer, will discuss Gilat's third quarter 2024 results and business achievements and participate in a question and answer session: Date: Wednesday, November 13, 2024Start: 09:30 AM EST / 16:30 ISTDial-in:US: 1-888-407-2553 International: +972-3-918-0609
Revenue Increased by 13% Year-over-Year,GAAP Operating Income of $2.8 Million andAdjusted EBITDA of $10.1 Million PETAH TIKVA, Israel, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT))), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the second quarter, ended June 30, 2024. Second Quarter 2024 Financial Highlights Revenue of $76.6 million, up 13% compared with $67.6 million in Q2 2023;GAAP operating income of $2.8 million, compared with $5.4 million in Q2 2023; The decline is mainly attributable to the acquis
PETAH TIKVA, Israel, July 11, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT))), a worldwide leader in satellite networking technology, solutions, and services, today announced that it will release its second quarter 2024 financial results on Wednesday, August 7, 2024. Conference Call and Webcast Following the release, Adi Sfadia, Chief Executive Officer, and Gil Benyamini, Chief Financial Officer, will discuss Gilat's second quarter 2024 results and business achievements and participate in a question and answer session: Date:Wednesday, August 7, 2024Start:09:30 AM EDT / 16:30 IDTDial-in:US: 1-888-407-2553 International: +972-3-918-0609 A simult
Highlights The acquisition positions Gilat as a market leader in In-Flight Connectivity (IFC) technologies and solutions for Commercial and Business Aviation, with extensions to adjacent high-end mobility markets ideally suited to Electronically Steered Antenna (ESA) solutions. Stellar Blu Solutions' ESA terminal provides full LEO and GEO multi-orbit support, addressing the future strategy of key commercial IFC service providers.Stellar Blu's go-to-market partners align well with Gilat account strategies, potentially yielding new product and service opportunities.Gilat will pay $98 Million at closing, and up to an additional $147 Million payable in cash subject to the achievement of pos
PETAH TIKVA, Israel, May 08, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT))), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the first quarter, ended March 31, 2024. First Quarter 2024 Financial Highlights Revenue of $76.1 million, up 29% compared with $59.0 million in Q1 2023;GAAP operating income of $5.4 million, compared with $7.0 million in Q1 2023; The decline is mainly due to lower other income, higher stock-based compensation, mainly related to the Datapath acquisition, and amortization of purchased intangibles; Non-GAAP operating income of $6.6 million, up 25%
PETAH TIKVA, Israel, April 17, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT))), a worldwide leader in satellite networking technology, solutions, and services, today announced that it will release its first quarter 2024 financial results on Wednesday, May 8, 2024. Conference Call and Webcast Following the release, Adi Sfadia, Chief Executive Officer, and Gil Benyamini, Chief Financial Officer, will discuss Gilat's first quarter 2024 results and business achievements and participate in a question and answer session: Date:Wednesday, May 8, 2024Start:09:30 AM EDT / 16:30 IDTDial-in:US: 1-888-407-2553 International: +972-3-918-0609 A simultaneo
Q4 Revenue of $75.6 million, GAAP Operating Income of $2.9 million and Adjusted EBITDA of $9.4 million 2023 Revenue of $266.1 million, up 11% year over year, GAAP Operating Income of $28.1 million and Adjusted EBITDA of $36.4 million, up 44% YoY PETAH TIKVA, Israel, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT))), a worldwide leader in satellite networking technology, solutions and services, today reported its unaudited results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Revenue of $75.6 million, up 4% compared with $72.6 million in Q4 2022;GAAP operating income of $2.9 millio
PETAH TIKVA, Israel, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT))), a worldwide leader in satellite networking technology, solutions, and services, today announced that it will release its fourth quarter and full year 2023 financial results on Monday, February 26, 2024. Conference Call and Webcast Following the release, Adi Sfadia, Chief Executive Officer, and Gil Benyamini, Chief Financial Officer, will discuss Gilat's fourth quarter and full year 2023 results and business achievements and participate in a question and answer session: Date:Monday, February 26, 2024Start:09:30 AM EST / 16:30 ISTDial-inUS: 1-888-407-2553 International: +972-3-