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 |
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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, April 24, 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 first quarter 2025 financial results on Monday, May 19th, 2025. Conference Call and Webcast Following the release, Adi Sfadia, Chief Executive Officer, and Gil Benyamini, Chief Financial Officer, will discuss Gilat's first quarter 2025 results and business achievements and participate in a question and answer session: Date:Monday, May 19, 2025Start:09:00 AM EST / 16:00 ISTDial-in:US: 1-888-407-2553 International: +972-3-918-0609 A simultaneous webcast of t
Q4 Revenue of $78.1 million, GAAP Operating Income of $12.8 million and Adjusted EBITDA of $12.1 million 2024 Revenue of $305.4 million, GAAP Operating Income of $27.7 million and a 25-year Record Adjusted EBITDA of $42.2 million Expects 2025 Revenues to increase by 36%-50% Announces New Reporting Segments PETAH TIKVA, Israel, Feb. 12, 2025 (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, 2024. Fourth Quarter 2024 Financial Highlights Revenue of $78.1 million, up 3% compared with $75.6
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
PETAH TIKVA, Israel, March 04, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT)), a global leader in satellite networking technology, solutions, and services and Waveform Architecture for Virtualized Ecosystems (WAVE) Consortium are proud to announce the appointment of Dubi Lever, Chief Technology Officer (CTO) at Gilat Satellite Networks, as the new Chair of the WAVE Board. Lever, who brings over 27 years of experience at Gilat, steps into this role with a clear vision for advancing the WAVE mission: transforming the satellite communications (SATCOM) industry through open, interoperable, and virtualized networks. Formed under the auspices of IEEE-ISTO, WA
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,
Broomfield, Colorado, April 29, 2025 (GLOBE NEWSWIRE) -- Gogo (NASDAQ:GOGO), a leading global provider of broadband connectivity services for executive and mil/gov aviation, has confirmed the exceptional performance of the Gogo Plane Simple® Electronically Steered Antenna (ESA) following a series of flight tests. Gogo worked with MAG Aerospace, a premier innovator of defense technology, to rigorously test gate-to-gate continuous operations through all planned maneuvers, including standard taxi, take-off, and landing, as well as more challenging racetrack, figure-of-eight patterns, ascent/descent profiles, and hard bank movements up to 30 degrees. Abrupt power loss and muting were also tria
PETAH TIKVA, Israel, April 28, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today announced management's participation in the 20th Annual Needham Technology, Media and Consumer Conference at the the Intercontinental New York Times Square Hotel in New York City. 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 on May 13. To schedule a meeting with management, please contact a Needham representative or email a request to the Gilat investor relations team at [email protected].
PETAH TIKVA, Israel, April 24, 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 first quarter 2025 financial results on Monday, May 19th, 2025. Conference Call and Webcast Following the release, Adi Sfadia, Chief Executive Officer, and Gil Benyamini, Chief Financial Officer, will discuss Gilat's first quarter 2025 results and business achievements and participate in a question and answer session: Date:Monday, May 19, 2025Start:09:00 AM EST / 16:00 ISTDial-in:US: 1-888-407-2553 International: +972-3-918-0609 A simultaneous webcast of t
PETAH TIKVA, Israel, April 22, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT)), a worldwide leader in satellite networking technology, solutions and services, announced today that its Commercial Division received over $15million in orders from leading global satellite operators. Deliveries are scheduled for throughout 2025. The orders reflect strong ongoing momentum for Gilat's equipment and services across GEO, MEO, and LEO Very High Throughput Satellite (VHTS) constellations. The demand spans multi-service applications, with particular emphasis on In-Flight Connectivity (IFC), reinforcing Gilat's leadership in enabling broadband mobility solutions wor
PETAH TIKVA, Israel, April 15, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT)), a worldwide leader in satellite networking technology, solutions and services, announced today its Defense Division received a Multimillion order from a Global Defense Organization for the supply of advanced antenna technology to be integrated into the organization's advanced defense communication systems. Deliveries are scheduled towards the end of 2025. Gilat's antenna solutions are designed to support secure and resilient connectivity under the most demanding conditions, helping defense organizations stay connected, anywhere, anytime. This win reflects Gilat's ongoing commi
PETAH TIKVA, Israel, April 09, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT)), a worldwide leader in satellite networking technology, solutions and services, announced today Gilat Defense was awarded a contract exceeding $11 million for DKET 3420 terminals. These portable satellite communication hubs are designed to deliver robust connectivity, scalability, and flexibility for mission-critical operations. Deliveries are scheduled for later in the year. The DKET 3420 is a field-proven solution designed to meet the demands of mission-critical communications with high reliability and performance. Supporting multi-carrier operations with a scalable modem
PETAH TIKVA, Israel, April 07, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT)), a worldwide leader in satellite networking technology, solutions and services, announced today that Gilat Defense was awarded a contract to provide ongoing sustainment and support services for Satellite Transportable Terminal (STT) units deployed worldwide in support of U.S. Department of Defense (DoD) customers. The contract includes a base program with options to extend up to five years, totaling up to $23 million. Under the agreement, Gilat Defense will deliver critical program management, field services, and technical support, ensuring operational readiness and conti
PETAH TIKVA, Israel, March 27, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT)), a worldwide leader in satellite networking technology, solutions, and services, announced that it has filed its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission containing audited consolidated financial statements for the year ended December 31, 2024. The annual report will be available on the Gilat website (www.gilat.com). Shareholders may receive a hard copy of the annual report free of charge upon request. About Gilat Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT)) is a leading global provider of satellite-based broadband communications
PETAH TIKVA, Israel, March 05, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT)), a worldwide leader in satellite networking technology, solutions and services, today announced its Defense Division secured an order valued at $6 million to provide the SkyEdge II-c platform to a military organization in the Asia-Pacific region. The advanced satellite communications solution will support both fixed and mobility sites, ensuring secure and reliable connectivity for critical defense operations with enhanced air interface cyber security. Delivery is expected over the next 3 months. Gilat's SkyEdge II-c platform is designed to meet the demanding requirements of m
PETAH TIKVA, Israel, March 04, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT)), a global leader in satellite networking technology, solutions, and services and Waveform Architecture for Virtualized Ecosystems (WAVE) Consortium are proud to announce the appointment of Dubi Lever, Chief Technology Officer (CTO) at Gilat Satellite Networks, as the new Chair of the WAVE Board. Lever, who brings over 27 years of experience at Gilat, steps into this role with a clear vision for advancing the WAVE mission: transforming the satellite communications (SATCOM) industry through open, interoperable, and virtualized networks. Formed under the auspices of IEEE-ISTO, WA