Company Overview - Gilat Satellite (GILT) currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [3][4][12] - The company operates in the satellite broadband communications sector [4] Price Performance - GILT shares have increased by 11.5% over the past week, while the Zacks Satellite and Communication industry has decreased by 7.44% during the same period [6] - Over the past month, GILT's price change is 6.83%, outperforming the industry's 1.53% [6] - In the last quarter, GILT shares rose by 20.69%, and over the past year, they increased by 24.36%, compared to the S&P 500's performance of -0.17% and 18.49%, respectively [7] Trading Volume - GILT's average 20-day trading volume is 524,052 shares, which serves as a price-to-volume baseline [8] Earnings Estimates - In the past two months, one earnings estimate for GILT has moved higher, while none have moved lower, increasing the consensus estimate from $0.47 to $0.50 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [10]

Core Insights - Gilat Satellite Networks Ltd. announced an investment of up to $3.5 million in Crosense, an early-stage startup focused on drone detection and tracking technology, as part of a funding round co-led by Frontier Capital [1][3] - This investment aligns with Gilat's strategic focus on expanding its presence in the Homeland Security (HLS) and Defense sectors, reflecting strong industry confidence in Crosense's disruptive technology [1][3] Company Overview - Gilat Satellite Networks is a global leader in satellite networking technology, with over 35 years of experience in providing satellite-based broadband communications and deep technology solutions for both commercial and defense applications [4][5] - The company offers a comprehensive portfolio that includes cloud-based platforms, high-performance satellite terminals, and advanced antennas, supporting various applications such as government and defense, broadband access, and critical infrastructure [5][6] Technology and Market Need - Crosense is developing a new class of electronically steered antenna (ESA) based systems for drone detection and tracking, addressing the urgent need for securing critical infrastructure against unauthorized drone activity [2] - The technology promises all-weather, real-time coverage, ensuring accurate and scalable detection in diverse environments, including dense urban areas [2] Strategic Partnership - Gilat's investment in Crosense is expected to enhance Crosense's innovation and growth, leveraging Gilat's extensive knowledge, expertise, and global marketing channels [3] - This collaboration aims to reinforce Gilat's role in safeguarding critical assets with next-generation technologies, demonstrating the company's commitment to the defense sector [3]

Core Viewpoint - Gilat Satellite Networks Ltd. has established a new Defense Division to meet the rising demand for secure government and military satellite communications (SATCOM) solutions [1][4]. Company Developments - The newly formed Gilat Defense combines the expertise of Gilat, Gilat DataPath, and Gilat Wavestream to provide comprehensive SATCOM solutions for military and government agencies, focusing on the U.S. Department of Defense, NATO, and allied forces [2]. - Gilat Defense will showcase its innovations, including the GLT 1500 terminal and the DataPath 2.6m antenna, at the Satellite 2025 event in Washington, DC [3]. - The company plans to increase investments in research and development, sales, and marketing within the Defense segment to capitalize on emerging opportunities [6]. - Gilat has restructured its organization into three divisions: Gilat Defense, Gilat Commercial, and Gilat Peru, effective January 1, 2025, to enhance market focus and transparency for investors [8]. Financial Performance - In the fourth quarter of 2024, Gilat's Satellite Network revenues were $49.1 million, accounting for 62.8% of total net sales, a decrease from $53.5 million in the previous year due to the exit from the Russian market [7]. - Despite the revenue decline, the company remains committed to expanding its portfolio of secure satellite solutions for government and military applications [7]. Market Position - Gilat's stock has performed well, with shares increasing by 45.8% over the past six months, outperforming the Zacks Satellite and Communication industry's growth of 43.5% [9].

Gilat Satellite Networks Ltd. (NASDAQ:GILT) Q4 2024 Earnings Conference Call February 12, 2025 9:30 AM ET Company Participants Mayrav Sher - Head of Finance and IR Adi Sfadia - CEO Gil Benyamini - CFO Conference Call Participants Sergey Gleimyamov - Freedom Brokers Louie DiPalma - William Blair Ryan Koontz - Needham & Company Chris Quilty - Quilty Space Gunther Karger - Discovery Group Operator Ladies and gentlemen, thank you for standing by. Welcome to Gilat's Fourth Quarter 2024 Results Conference Call. [ ...

Gilat Satellite Networks Ltd. (NASDAQ:GILT) Q4 2024 Earnings Conference Call February 12, 2025 9:30 AM ET Company Participants Mayrav Sher - Head of Finance and IR Adi Sfadia - CEO Gil Benyamini - CFO Conference Call Participants Sergey Gleimyamov - Freedom Brokers Louie DiPalma - William Blair Ryan Koontz - Needham & Company Chris Quilty - Quilty Space Gunther Karger - Discovery Group Operator Ladies and gentlemen, thank you for standing by. Welcome to Gilat's Fourth Quarter 2024 Results Conference Call. A ...

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 report ...

Gilat Satellite Networks Ltd. (GILT) is scheduled to report fourth-quarter 2024 results on Feb. 12.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for fourth-quarter earnings per share (EPS) has been steady at 14 cents in the past 60 days, suggesting growth of 27.3% from the year-ago quarter’s figure. The consensus mark for revenues is pegged at $83.7 million, indicating a rise of 10.7% from the year-earlier quarter’s actuals. In the last reported quarte ...

Gilat Satellite Networks Ltd. (GILT) recently announced that its wholly owned U.S.-based subsidiary, Gilat DataPath, has secured $4 million in contracts from global defense clients. The orders include the CCT200, CCT120 and QCT90 portable satellite terminals, which will be delivered over the next year.The advanced antenna technology in the CCT200, CCT120 and QCT90 ensures high-speed and reliable connectivity, even in difficult operational conditions. Increasing exposure and rising demand for Gilat DataPath’ ...

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 Ante ...

Contracts and Revenue Growth - Gilat Satellite Networks' subsidiary, Gilat DataPath, secured contracts exceeding $5 million from the US Department of Defense and international defense forces, involving DKET terminals and Field Service Representative support [1] - Gilat's revenues increased 17% year over year to $74.6 million in the last reported quarter, driven by acquisitions and strong demand for defense and in-flight connectivity solutions [5] - Gilat received $3 million in orders for Gateway Solid State Power Amplifiers (SSPAs) and $9 million in orders for SkyEdge IV and SkyEdge II-c communication platforms [6] Defense Sector and Market Position - Gilat DataPath is recognized as a trusted partner for defense organizations, providing reliable, high-quality support for mission-critical systems [2] - The company's equipment is effectively deployed and maintained on-site, ensuring reliable communication for national and international defense organizations [3] - Gilat's strength in the defense sector is bolstered by growing demand for defense SATCOM solutions due to NGSO expansion and geopolitical events [4] Acquisitions and Future Prospects - Gilat completed the acquisition of Stellar Blu Solutions, a premium provider of advanced SATCOM terminal solutions, expected to generate $120-$150 million in revenues in 2025 [7] - Stellar Blu's EBITDA margin is projected to exceed 10% once it reaches full manufacturing capacity in late 2025 [7] Stock Performance and Industry Comparison - Gilat's stock price surged 49.1% in the past six months, outperforming the industry's growth of 29.7% [8] - Other technology stocks like Ubiquiti Inc, InterDigital Inc, and Intrusion Inc have shown strong performance, with Ubiquiti's shares surging 143.3% in the past six months [9][10][11][12]