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Gilat Receives Over $18 Million in Orders for its In-Flight Connectivity Solutions
Newsfilter· 2024-12-30 12:01
Company Overview - Gilat Satellite Networks Ltd is a global leader in satellite networking technology, solutions, and services with over 35 years of experience [6] - The company provides comprehensive, secure end-to-end solutions and services for mission-critical operations, powered by innovative technology [6] - Gilat's portfolio includes high-value solutions for multiple orbit constellations with very high throughput satellites (VHTS) and software-defined satellites (SDS) [5] - The company offers a cloud-based platform, high-performance satellite terminals, Satellite On-the-Move (SOTM) antennas, Solid State Power Amplifiers (SSPA), Block Upconverters (BUC), and integrated ground systems for commercial and defense applications [5] Recent Developments - Gilat has secured over $18 million in orders for IFC solutions, mainly for SkyEdge platforms, related services, and SSPAs, with delivery scheduled within the next 12 months [2] - These orders reflect the growing demand for advanced connectivity solutions in the IFC market, which is a strategic market for the company [4] - Gilat's technology is designed to equip service providers with the scalability and performance needed to meet the increasing demand for IFC services [4][10] Product and Service Offerings - Gilat's comprehensive offering supports multiple applications, including broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, broadcast, government, and critical infrastructure clients [4] - The company provides a full portfolio of products and tailored solutions to address key applications while meeting stringent service level requirements [4] - Gilat's flexible architecture enables reliable satellite connectivity, supporting the rapid expansion of IFC networks [10] Market Position and Strategy - Gilat is a leading global provider of satellite-based broadband communications, creating and delivering deep technology solutions for satellite, ground, and new space connectivity [6] - The company believes in the right of all people to be connected and is committed to providing communication solutions to all reaches of the world [6] - Gilat's advanced technology and solutions address the unique challenges and opportunities in IFC services, highlighting the confidence in the company's capabilities [10]
3 Satellite Stocks That Investors Could Keep an Eye on in 2025
ZACKS· 2024-12-26 13:36
Satellite and Communication industry players have gained healthy momentum over the past few years, driven by increasing commercial space exploration and Earth observation. With the advent of 5G, the expansion of IoT and reliance on real-time data, satellite technologies are playing a crucial role in providing connectivity to remote locations and supporting global communications networks. As the satellite industry evolves, stocks like Gilat Satellite Networks (GILT) , Globalstar (GSAT) and Iridium Communicat ...
3 Reasons Growth Investors Will Love Gilat (GILT)
ZACKS· 2024-12-12 18:45
Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying those with true potential can be challenging due to associated risks and volatility [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score aids in identifying promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - Gilat Satellite (GILT) is highlighted as a recommended stock with a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is crucial for investors, with double-digit growth indicating strong prospects [3] - Gilat's historical EPS growth rate is 38%, with a projected EPS growth of 37.1% this year, significantly outperforming the industry average of -25.5% [4] Group 3: Asset Utilization - The asset utilization ratio, or sales-to-total-assets (S/TA) ratio, is an important metric for growth investing [5] - Gilat's S/TA ratio is 0.71, indicating it generates $0.71 in sales for every dollar in assets, compared to the industry average of 0.29, showcasing greater efficiency [5] Group 4: Sales Growth - Sales growth is another critical factor, with Gilat expected to achieve a sales growth of 16.9% this year, compared to the industry average of 3.9% [6] Group 5: Earnings Estimate Revisions - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements [7] - Gilat's current-year earnings estimates have been revised upward, with the Zacks Consensus Estimate increasing by 50% over the past month [8] Group 6: Overall Assessment - Gilat has earned a Growth Score of A and a Zacks Rank 2 due to positive earnings estimate revisions, indicating it is a potential outperformer for growth investors [9][11]
Earnings Estimates Rising for Gilat (GILT): Will It Gain?
ZACKS· 2024-11-26 18:21
Core Viewpoint - Gilat Satellite (GILT) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Estimate Revisions - The trend in estimate revisions reflects growing analyst optimism regarding Gilat's earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, Gilat is projected to earn $0.14 per share, marking a 27.27% increase from the previous year, with a 250% increase in the Zacks Consensus Estimate over the last 30 days [4]. - For the full year, earnings are expected to reach $0.48 per share, representing a year-over-year increase of 37.14%, with a 50% boost in the consensus estimate during the same period [5]. Zacks Rank - Gilat has achieved a Zacks Rank 2 (Buy), indicating promising estimate revisions that suggest strong potential for outperformance compared to the S&P 500 [6]. - Historically, stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have significantly outperformed the S&P 500, with Zacks 1 stocks averaging a 25% annual return since 2008 [3][6]. Stock Performance - Over the past four weeks, Gilat shares have increased by 9.7%, indicating investor confidence in the company's earnings growth prospects [7].
Gilat Reports Third Quarter 2024 Results
GlobeNewswire News Room· 2024-11-13 12:31
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 inc ...
Gilat Receives Approximately $5 Million in Orders from US Defense Customers
GlobeNewswire News Room· 2024-10-30 11:02
Core Insights - Gilat Satellite Networks Ltd. has secured contracts worth approximately $5 million from various U.S. defense organizations for its satellite communications technologies and services [1] - The contracts aim to enhance mission-critical connectivity and operational capabilities for defense applications globally [1] Company Overview - Gilat Satellite Networks is a leading global provider of satellite-based broadband communications with over 35 years of experience [3] - The company offers a comprehensive suite of solutions for satellite, ground, and new space connectivity, focusing on mission-critical operations [3] Product and Service Offerings - The company will supply X, Ku, and Ka-band Block Upconverters (BUCs) for Communications-on-the-Move (COTM) systems, along with various support services [2] - Gilat's portfolio includes high-performance satellite terminals, antennas, Solid State Power Amplifiers (SSPA), and integrated ground systems for both commercial and defense applications [4] Market Position and Applications - Gilat's solutions cater to a wide range of applications including broadband access, mobility, cellular backhaul, defense, aerospace, and critical infrastructure [5] - The company emphasizes its ability to meet stringent service level requirements across diverse environments [5]
Gilat Received Over $4 Million Order from the US Department of Defense
GlobeNewswire News Room· 2024-10-28 11:02
PETAH TIKVA, Israel, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that the US Department of Defense awarded another contract for more than $4 million to Gilat’s US-based subsidiary, DataPath, for DKET 3421 terminals, portable satcom hubs that provide the flexibility, capacity, connectivity, and control needed to ensure mission success anywhere in the world. The orders ...
Gilat Satellite Networks to Attend APEX/IFSA Conference to Discuss State-of the Art In-Flight Connectivity Solutions for Aviation Markets
GlobeNewswire News Room· 2024-10-22 09:05
PETAH TIKVA, Israel, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today its attendance at the APEX/IFSA Global Expo in Long Beach, California, from October 28-30, 2024. Gilat is inviting participants to schedule meetings to discuss their in-flight connectivity (IFC) needs and explore how Gilat’s advanced ESA (Electronically Steered Antenna), SSPA (Solid-State Power Amplif ...
Gilat Satellite Networks to Present at the 17th Annual LD Micro Invitational Conference
GlobeNewswire News Room· 2024-10-16 10:00
PETAH TIKVA, Israel, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that it will be presenting at the 17th annual LD Micro Invitational on Wednesday, October 30, at 8 am PT at the Luxe Sunset Boulevard Hotel in Los Angeles. Gil Benyamini, Chief Financial Officer, will be giving the Gilat presentation. In addition, Mr. Benyamini, Gilat's CFO and Ms. Mayrav Sher (Head of Finan ...
Gilat Satellite Networks .(GILT) - 2024 Q3 - Quarterly Report
2024-09-30 11:00
FORM 6 – K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report on Foreign Issuer Pursuant to Rule 13a – 16 or 15d – 16 of the Securities Exchange Act of 1934 For the Month of September 2024 Gilat Satellite Networks Ltd. (Translation of Registrant's Name into English) Gilat House, 21 Yegia Kapayim Street Daniv Park, Kiryat Arye, Petah Tikva 4913020, Israel (Address of Principal Corporate Offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20- ...