Date | Price Target | Rating | Analyst |
---|---|---|---|
6/27/2023 | $7.00 | Buy | Needham |
PETAH TIKVA, Israel, Sept. 05, 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 was awarded over $12M of orders from a leading satellite operator to expand their global SATCOM network utilizing Gilat's SkyEdge Family of VSAT Platforms. The deal is expected to be delivered within the upcoming 12 months. This strategic expansion provides significant future revenue prospects. The operator is utilizing Gilat's flexible architecture to ensure robust and seamless communications across diverse orbital assets. "We are thrilled to broaden our collaboration w
PETAH TIKVA, Israel, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today its selection as a board member of the newly established Waveform Architecture for Virtualized Ecosystems (WAVE) Consortium. Gilat joins a distinguished group of board members committed to driving innovation in satellite communication networks through agile, scalable, and cost-effective infrastructure. Established in March 2024, the WAVE Consortium emerges at a critical juncture as the satellite communications industry aligns with the broader telecommunications sector. This alignment seeks
PETAH TIKVA, Israel, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that their next-generation SkyEdge IV Aquarius modem now supports SCPC mode. The SkyEdge IV Aquarius Pro modem offers ultra-high performance over next-generation VHTS GEO and NGSO constellations. It is the ideal solution for ultra-high throughput trunks, up to 750Mbps per direction, for a wide range of fixed and mobility applications including broadband, 4G and 5G backhauling, commercial maritime and cruise ships, and corporate enterprise services. As part of a SkyEdge IV Network, the Sky
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that Gilat received a follow-on 6 year order for over $10M from Internet Para Todos (IPT) to deliver Cellular Backhaul services across rural areas in Peru. IPT is a sustainable global collaborative initiative between Telefónica, Meta, IDB Invest and The Latin America Development Bank (CAF) to bridge the digital divide in Latin America under a sustainable model that would allow them to overcome the obstacles of bringing connectivity to rural and geographically complex areas. Building on previous contracts, Gilat will enhance its 4G Cellular Ba
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
SC 13G/A - GILAT SATELLITE NETWORKS LTD (0000897322) (Subject)
SC 13G/A - GILAT SATELLITE NETWORKS LTD (0000897322) (Subject)
SC 13D/A - GILAT SATELLITE NETWORKS LTD (0000897322) (Subject)
Needham initiated coverage of Gilat Satellite with a rating of Buy and set a new price target of $7.00
6-K - GILAT SATELLITE NETWORKS LTD (0000897322) (Filer)
6-K - GILAT SATELLITE NETWORKS LTD (0000897322) (Filer)
6-K - GILAT SATELLITE NETWORKS LTD (0000897322) (Filer)
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