Gilat’s SkyEdge IV and SkyEdge II-c Platforms are used to deliver the widest range of connectivity applicationsPETAH TIKVA, Israel, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company has received $9 million in orders from major satellite operators. The orders are for its advanced satellite communications platforms, SkyEdge IV and SkyEdge II-c equipment and servi ...

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]

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 ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks i ...

Gilat Satellite Network (GILT) is a Zacks Rank #2 (Buy) that has an A for Value and an A for Growth.  The company is a leading provider of satellite based broadband communications. This company is a leader in the “very small aperture terminal satellite communications” sector.  There has been a lot of hype around Space X – including Fidelity Investments increasing its stake in that company by 32% and a tender offer for $350B for the entire company.  The success of space X and its fleet of satellites has brou ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks ...

Gilat Satellite (GILT) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this satellite broadband communications company, should get reflected in its stock price. After all, empirical research shows a strong ...

After reaching an important support level, Gilat Satellite Networks Ltd. (GILT) could be a good stock pick from a technical perspective. GILT recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average. Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover in ...

Gilat Satellite Networks Ltd. (NASDAQ:GILT) Q3 2024 Earnings Conference Call November 13, 2024 9:30 AM ET Company Participants Mayrav Sher - Head of Finance and Investor Relations Adi Sfadia - Chief Executive Officer Gil Benyamini - Chief Financial Officer Conference Call Participants Ryan Koontz - Needham & Company Louie DiPalma - William Blair Chris Quilty - Quilty Analytics Gunther Karger - Discovery Group Operator Ladies and gentlemen, thank you for standing by. Welcome to Gilat's Third Quarter 2024 Res ...

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 ...