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].

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 ...

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]

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 ...

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 ...

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 ...

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- ...

PETAH TIKVA, Israel, Sept. 16, 2024 (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, DataPath Inc, received contracts in support of the US Department of Defense for core terminal related services, technology insertion and upgrades to systems, cumulatively worth over $5M. DataPath is tasked with the sustainment and technical upgrades to multiple Sat ...

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 prospe ...

Product Innovation - The next-generation SkyEdge IV Aquarius modem now supports SCPC mode, enhancing its capabilities [1] - The SkyEdge IV Aquarius Pro modem offers ultra-high performance, supporting up to 750Mbps per direction for applications like broadband, 4G/5G backhauling, and maritime services [2] - The modem enables seamless operation and switching between GEO and NGSO satellites, supporting next-generation software-defined satellites [3] - The Aquarius Pro is the first-to-market GEO-MEO modem with unique features such as DVB S2X with VLSNR and MEF L2 [4] Company Overview - Gilat Satellite Networks is a global leader in satellite-based broadband communications with over 35 years of experience [4] - The company provides deep technology solutions for satellite, ground, and new space connectivity, offering end-to-end solutions for mission-critical operations [4] - Gilat's portfolio includes cloud-based platforms, high-performance satellite terminals, SOTM antennas, SSPAs, BUCs, and integrated ground systems for commercial and defense applications [5] Market Applications - Gilat's solutions address a wide range of applications, including broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, broadcast, government, and critical infrastructure [6] - The company's products and services meet stringent service level requirements, catering to diverse industry needs [6]