Gilat Satellite Networks .(GILT)

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Gilat Wins $6M Defense Contract in Asia-Pacific, Stock Soars 14%
ZACKS· 2025-03-06 15:10
Core Insights - Gilat Satellite Networks Ltd. (GILT) has secured a $6 million contract for its SkyEdge II-c satellite communications platform from a military organization in the Asia-Pacific region, enhancing its position in the defense sector [1][2] - The contract is set for delivery within three months and will support both fixed and mobile military operations, featuring advanced cybersecurity measures [2] - GILT's shares rose by 13.64% following the announcement, closing at $7.58 on March 5 [2] Company Developments - GILT is focusing on the emerging defense SATCOM market, which is expected to grow as military forces adopt next-generation satellite communication technologies [3] - In February 2025, GILT formed a new Defense Division to meet the increasing demand for secure government and military SATCOM solutions, consolidating expertise from various subsidiaries [4] - The company’s U.S.-based subsidiary, Gilat DataPath, secured contracts exceeding $5 million from the U.S. Department of Defense and international defense forces [6] Financial Performance - In the last reported quarter, GILT's net sales reached $78.1 million, a 3% increase year-over-year, driven by growth in the defense and in-flight connectivity sectors [7] - Management projects 2025 revenues between $415 million and $455 million, with adjusted EBITDA expected to range from $47 million to $53 million [7] - GILT has restructured its organization into three divisions effective January 1, 2025, to enhance focus on key markets and provide better insights into business opportunities [8] Market Position - GILT currently holds a Zacks Rank 2 (Buy) and has seen its shares surge 72.1% over the past six months, outperforming the Zacks Satellite and Communication industry's growth of 37.1% [9]
Are Investors Undervaluing Gilat Satellite Networks (GILT) Right Now?
ZACKS· 2025-03-05 15:45
Core Viewpoint - The article highlights Gilat Satellite Networks (GILT) as a strong value stock, supported by its favorable Zacks Rank and valuation metrics [3][6]. Valuation Metrics - GILT has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating it is among the best value stocks currently available [3]. - The company's Price-to-Sales (P/S) ratio is 1.25, which is lower than the industry average P/S of 1.41, suggesting it may be undervalued [4]. - GILT's Price-to-Cash Flow (P/CF) ratio stands at 10.05, significantly lower than the industry's average P/CF of 31.89, further indicating potential undervaluation [5]. Earnings Outlook - The strength of GILT's earnings outlook, combined with its valuation metrics, positions it as a compelling investment opportunity for value investors [6].
Gilat Receives $6 Million Defense Contract to Provide Military Communications Solutions in Asia-Pacific
Globenewswire· 2025-03-05 12:05
Core Insights - Gilat Satellite Networks Ltd. has secured a $6 million order for its SkyEdge II-c platform to support military operations in the Asia-Pacific region, enhancing secure and reliable connectivity for defense operations [1][2][3] Company Overview - Gilat Satellite Networks Ltd. is a leading global provider of satellite-based broadband communications with over 35 years of experience in developing technology solutions for satellite and ground connectivity [4] - The company offers a comprehensive portfolio that includes cloud-based platforms, high-performance satellite terminals, and advanced antennas, catering to both commercial and defense markets [5] Product and Technology - The SkyEdge II-c platform is designed to meet military communication requirements, providing high resilience, efficiency, and robust security for mission-critical applications [2] - Gilat's products support various applications, including government and defense, broadband access, and critical infrastructure, while adhering to stringent service level requirements [6]
Dubi Lever, Gilat CTO Appointed New WAVE Consortium Board Chair, Leading Next Phase of SATCOM Virtualization
Globenewswire· 2025-03-04 12:06
Core Insights - Gilat Satellite Networks Ltd. has appointed Dubi Lever as the new Chair of the WAVE Board, aiming to advance the mission of transforming the satellite communications industry through open and virtualized networks [1][2][3] Company Overview - Gilat Satellite Networks is a global leader in satellite-based broadband communications with over 35 years of experience, providing solutions for both commercial and defense applications [5][6] - The company offers a comprehensive portfolio that includes cloud-based platforms, high-performance satellite terminals, and advanced antennas, supporting various applications such as government, defense, and broadband access [6][7] WAVE Consortium - The WAVE Consortium, formed under IEEE-ISTO, includes leading companies and research institutions focused on establishing standardized architectures for waveform virtualization, enhancing agility and cost-effectiveness in SATCOM networks [2][4] - Dubi Lever's leadership is expected to strengthen cross-industry collaboration and accelerate the development of innovative solutions for both commercial and defense markets [2][3] Strategic Initiatives - Lever emphasizes the importance of a hardware abstraction layer to enable seamless deployment of multiple waveforms on common hardware, enhancing flexibility and efficiency for customers [3] - The consortium aims to create an interoperable environment for next-generation SATCOM networks, facilitating rapid innovation and competitive offerings [4]
Gilat (GILT) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
ZACKS· 2025-03-03 15:55
Core Viewpoint - Gilat Satellite (GILT) has experienced a 6% decline in shares over the past week, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1][2]. Technical Analysis - The hammer chart pattern indicates a minor difference between opening and closing prices, with a long lower wick suggesting that the stock may have found support after a downtrend [3][4]. - This pattern signals that bears may have lost control, and the emergence of buying interest could lead to a trend reversal [4]. Fundamental Analysis - Recent upward revisions in earnings estimates for GILT serve as a bullish indicator, correlating strongly with near-term stock price movements [6]. - Over the last 30 days, the consensus EPS estimate for the current year has increased by 6.4%, indicating that analysts expect better earnings than previously predicted [7]. - GILT holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [8].
Here's Why Gilat Satellite (GILT) is a Great Momentum Stock to Buy
ZACKS· 2025-02-26 18:00
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]
Gilat to Invest up to $3.5 Million in Disruptive ESA Based Drone Detection Startup Crosense
Globenewswire· 2025-02-25 12:03
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]
Gilat Unveils Defense Division to Strengthen SATCOM Solutions
ZACKS· 2025-02-20 15:20
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 Launches Gilat Defense Division: A New Division to Meet Growing Global Demand for Mission-Critical SATCOM Solutions
Newsfilter· 2025-02-18 12:04
Core Insights - Gilat Satellite Networks Ltd. has established a new Defense Division to address the growing demand for government and defense SATCOM solutions [1][2] - The division will focus on providing secure, rapid-deployment SATCOM solutions for military and homeland security organizations, emphasizing support for the U.S. Department of Defense and allied forces [2][4] - Gilat Defense will showcase its advanced SATCOM solutions at the Satellite 2025 show in Washington, D.C., including the GLT 1500 terminal and the DataPath 2.6m antenna solution [3][4] Company Overview - Gilat Satellite Networks is a leading global provider of satellite-based broadband communications with over 35 years of experience [5] - The company offers a comprehensive portfolio that includes high-performance satellite terminals, advanced antennas, and integrated ground systems for both commercial and defense markets [6] - Gilat's products support various applications, including government and defense, broadband access, and critical infrastructure [7]
Gilat Launches Gilat Defense Division: A New Division to Meet Growing Global Demand for Mission-Critical SATCOM Solutions
Globenewswire· 2025-02-18 12:04
Core Viewpoint - Gilat Satellite Networks Ltd. has established a new Defense Division to address the growing demand for government and defense SATCOM solutions, led by Gilad Landsberg, who has over 20 years of experience in the defense industry [1][2][4]. Group 1: Company Overview - Gilat Satellite Networks Ltd. is a global leader in satellite-based broadband communications with over 35 years of experience [5]. - The company develops and delivers technology solutions for satellite, ground, and new space connectivity, focusing on both commercial and defense applications [5][6]. - Gilat's integrated solutions support multi-orbit constellations and Very High Throughput Satellites (VHTS) [6]. Group 2: Defense Division Details - The newly formed Defense Division provides secure, rapid-deployment SATCOM solutions tailored for military, homeland security organizations, and government agencies [2]. - The division combines expertise and technologies from Gilat and its subsidiaries, ensuring maximum operational availability through multiple layers of communication redundancy [2]. - Gilat Defense's solutions are trusted by the U.S. Department of Defense, NATO, and global defense forces, offering reliable connectivity in challenging environments [2]. Group 3: Product Offerings - Gilat Defense will showcase its solutions at the Satellite 2025 show, including the GLT 1500 terminal and DataPath 2.6m antenna solution [3]. - The Aquarius DS Family of products, compliant with FAR 889 and future DFAR 5949 regulations, will also be featured [3]. - The division emphasizes innovation and flexible business models to adapt to evolving defense requirements [2][4].