Gilat Satellite Networks Ltd. (GILT)

NASDAQ: GILT · IEX Real-Time Price · USD
6.29
-0.01 (-0.16%)
At close: Sep 27, 2023, 4:00 PM
6.24
-0.05 (-0.79%)
After-hours: Sep 27, 2023, 7:19 PM EDT
-0.16%
Market Cap 356.15M
Revenue (ttm) 259.53M
Net Income (ttm) 6.01M
Shares Out 56.62M
EPS (ttm) 0.12
PE Ratio 57.27
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 105,875
Open 6.31
Previous Close 6.30
Day's Range 6.26 - 6.39
52-Week Range 4.51 - 7.16
Beta 0.52
Analysts Strong Buy
Price Target 8.50 (+35.14%)
Earnings Date Nov 13, 2023

About GILT

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. The company designs and manufactures ground-based satellite communications equipment; and provides solutions and end-to-end services. Its portfolio consists of cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the... [Read more]

Sector Technology
IPO Date Mar 25, 1993
Employees 987
Stock Exchange NASDAQ
Ticker Symbol GILT
Full Company Profile

Financial Performance

In 2022, GILT's revenue was $239.84 million, an increase of 11.57% compared to the previous year's $214.97 million. Losses were -$5.93 million, 95.5% more than in 2021.

Financial Statements

Analyst Forecast

According to one analyst, the rating for GILT stock is "Strong Buy" and the 12-month stock price forecast is $8.5.

Price Target
$8.5
(35.14% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Gilat Awarded Contract for Satellite Network Modernization at Ethio Telecom

SkyEdge II-c and hundreds of Gilat's VSATs to enable enhanced satellite-based 4G cellular backhaul capabilities and enterprise communications SkyEdge II-c and hundreds of Gilat's VSATs to enable enhan...

14 days ago - GlobeNewsWire

Gilat Reports Second Quarter 2023 Results

Presents a Robust 22% Year-over-Year Growth in Revenues; GAAP Operating Income More Than Tripled and Adjusted EBITDA Grew by 74%. The Company Raises its Full Year 2023 Guidance Presents a Robust 22% Y...

7 weeks ago - GlobeNewsWire

Satcom Direct and Gilat Sign Strategic Agreement for Joint ESA Project to Expand Plane Simple® Portfolio

The ultra-low profile Electronically Steered Antennas (ESA) will enable in-flight connectivity (IFC) for business, government, and defense aviation The ultra-low profile Electronically Steered Antenna...

2 months ago - GlobeNewsWire

Tier 1 Telecom Operator Selects Gilat Satellite Connectivity for a Major Western European Utility Company

Gilat enables mission-critical IoT telemetry across hundreds of remote sites on the national utility network Gilat enables mission-critical IoT telemetry across hundreds of remote sites on the nationa...

2 months ago - GlobeNewsWire

Gilat Awarded Millions of Dollars in Orders for Cellular Backhaul Over Satellite Project in Mexico

Gilat's cellular backhaul solution to connect hundreds of 4G sites in the “CFE Telecommunications and Internet for All” initiative Gilat's cellular backhaul solution to connect hundreds of 4G sites in...

2 months ago - GlobeNewsWire

Gilat to Report Second Quarter 2023 Results on August 8th

PETAH TIKVA, Israel, July 11, 2023 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today a...

2 months ago - GlobeNewsWire

Gilat Satellite Networks to Present at the 2023 LD Micro Invitational Conference

PETAH TIKVA, Israel, May 30, 2023 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announce...

4 months ago - GlobeNewsWire

Gilat to Participate at the 18th Annual Needham Technology & Media Conference on May 17, 2023

PETAH TIKVA, Israel, May 10, 2023 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today an...

5 months ago - GlobeNewsWire

Gilat Reports First Quarter 2023 Results

Demonstrates Strong Revenue Growth of 15% Year-over-Year and Increased Profitability with GAAP Operating Income of $7 Million and Adjusted EBITDA of $8.4 MillionCompany Raises its GAAP Operating Incom...

5 months ago - GlobeNewsWire

Financial Institution in Latin America Deploying Millions of Dollars of Gilat Technology for Satellite Connectivity

Thousands of Gilat VSATs expand network reliability for a world-leading financial services company Thousands of Gilat VSATs expand network reliability for a world-leading financial services company

5 months ago - GlobeNewsWire

Gilat Receives Multimillion-Dollar Order for Expansion of Advanced Disaster Response Network in Asia

Gilat expands deployment of VSATs in national initiative to ensure service continuity Gilat expands deployment of VSATs in national initiative to ensure service continuity

5 months ago - GlobeNewsWire

Intelsat Strengthens Strategic Partnership and Expands Service Capabilities with Significant Multimillion-Dollar Orders for Gilat's Multi-service Platforms and Terminals

Gilat's platforms to empower Intelsat with augmented capacity to upscale its In-Flight Connectivity and Cellular Backhaul services worldwide Gilat's platforms to empower Intelsat with augmented capaci...

5 months ago - GlobeNewsWire

Gilat to Report First Quarter 2023 Results on May 9th

PETAH TIKVA, Israel, April 13, 2023 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today ...

5 months ago - GlobeNewsWire

SES Certifies Gilat's SkyEdge IV Platform for O3b mPOWER, O3b and SES-17

Gilat's next generation platform is industry's first GEO-MEO multi-orbit capable system Gilat's next generation platform is industry's first GEO-MEO multi-orbit capable system

7 months ago - GlobeNewsWire

Gilat Announces Filing of 2022 Annual Report

PETAH TIKVA, Israel, March 13, 2023 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announ...

7 months ago - GlobeNewsWire

ST Engineering iDirect and Gilat Satellite Networks Successfully Showcase Proof of Concept Utilizing DIFI Standard at Satellite 2023

Demonstration connecting modem and BUC via digital interface is a milestone towards interoperability Demonstration connecting modem and BUC via digital interface is a milestone towards interoperabilit...

7 months ago - GlobeNewsWire

Gilat Signs Definitive Agreement to Acquire DataPath, Inc. a Market Leader in Trusted Communications for the US DoD, Military and Government Sectors

The acquisition is another step in Gilat's initiative to increase its presence in the growing Defense market

7 months ago - GlobeNewsWire

Gilat Announces Launch of Endurance, a New Line of “Always-On” SSPA Products

Wavestream Endurance 500W Ka-Wideband Block Upconverter positioned to disrupt the TWT amplifier market Wavestream Endurance 500W Ka-Wideband Block Upconverter positioned to disrupt the TWT amplifier m...

7 months ago - GlobeNewsWire

Gilat to Participate in the 35th Annual Roth Conference on March 13, 2023

PETAH TIKVA, Israel, March 06, 2023 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announ...

7 months ago - GlobeNewsWire

Hispasat and Gilat Expand Strategic Partnership with the Selection of Gilat's SkyEdge IV Platform for Amazonas Nexus

SkyEdge IV will enable Hispasat to deliver high-performance, satellite-based fixed data and mobility services SkyEdge IV will enable Hispasat to deliver high-performance, satellite-based fixed data an...

7 months ago - GlobeNewsWire

Gilat Announces Availability of SkyEdge IV Taurus-M, New Satellite Modem for Military and Government Markets

SkyEdge IV Taurus-M is backward compatible to SkyEdge II-c, providing investment protection and answering market demands for the smallest high-performance, rugged modem for mobile satellite communicat...

7 months ago - GlobeNewsWire

Gilat Enables TIM Brasil to Be First Network Operator with Coverage to 100% of Brazilian Cities

Gilat's cellular backhaul over satellite solution empowered TIM Brasil to provide mobile coverage to all of Brazil's 5,570 municipalities Gilat's cellular backhaul over satellite solution empowered TI...

7 months ago - GlobeNewsWire

Gilat Presents Strong Fourth Quarter and Full Year 2022 Results

Q4 r evenue of $ 7 3 m illion, up 8 % year over year , GAAP o perating income of $ 6 million and Adjusted EBITDA of $ 10 m illion

8 months ago - GlobeNewsWire

Gilat Awarded Multimillion-Dollar Contract for SATCOM Expansion on Trains in Asia-Pacific

Antennas from Gilat to enable satellite-based internet for passenger trains Antennas from Gilat to enable satellite-based internet for passenger trains

8 months ago - GlobeNewsWire

Gilat to Report Fourth Quarter and Full Year 2022 Results on February 14th

PETAH TIKVA, Israel, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today a...

9 months ago - GlobeNewsWire