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Gilat Satellite Networks Ltd - GILT STOCK NEWS

Welcome to our dedicated page for Gilat Satellite Networks news (Ticker: GILT), a resource for investors and traders seeking the latest updates and insights on Gilat Satellite Networks stock.

Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a global leader in satellite-based broadband communications. With over 35 years of experience, Gilat designs and manufactures advanced ground segment equipment and delivers comprehensive solutions and end-to-end services. Their innovative portfolio includes a cloud-based VSAT network platform, high-speed modems, high-performance antennas, and high-power solid-state amplifiers (SSPA) and block upconverters (BUC).

Gilat’s solutions support a wide range of applications, including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense, and public safety. The company's products are known for their reliability and efficiency, meeting the most stringent service level requirements.

Recent achievements include:

  • Providing additional 50W Ka-band BUCs for mobile Satellite Transportable Terminals (STTs).
  • Supplying baseband equipment for comprehensive satellite communication architecture.
  • Supporting social inclusion projects that provide internet connectivity in remote areas.
  • Expanding In-Flight Connectivity (IFC) footprint into business aviation and government markets with the Taurus modem.
  • Developing next-generation software-defined radio modems for military applications.
  • Enabling SES's O3b mPOWER constellation with the SkyEdge IV platform for unparalleled service flexibility and scale.

Gilat's strong financial performance is highlighted by a 29% year-over-year revenue growth, GAAP operating income of $5.4 million, and an adjusted EBITDA of $9.3 million.

For more information, please visit: www.gilat.com

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Gilat Satellite Networks Ltd. (Nasdaq: GILT) has announced a multi-million-dollar contract from the US Army for additional 50W Ka-band BUCs through its subsidiary, Wavestream. This order supports tactical communications and marks a continuation of a program that began in 2007, featuring over 5,000 amplifiers deployed worldwide. Wavestream's high-performance solutions are crucial for Comms-on-the-Quick-Halt tactical communications. The contract reflects Gilat's commitment to providing reliable satellite communication technologies under demanding conditions.

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Gilat Satellite Networks Ltd. (Nasdaq: GILT) has signed a strategic agreement valued at over $5 million with Pacific Dataport Inc. (PDI) to enhance broadband coverage in Alaska. Gilat's SkyEdge II-c multi-service platform will facilitate various applications, including direct-to-home broadband and enterprise services. PDI aims to deploy a robust multiservice network utilizing new GEO HTS/VHTS satellites, significantly increasing Alaska's middle mile capacity by 110 Gbps and serving approximately 98,000 users.

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Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) has announced additional orders worth $2 million to support gateways for Low Earth Orbit (LEO) constellations. These orders, part of a previously disclosed contract, were placed with Gilat's subsidiary Wavestream, which will supply Gateway Solid State Power Amplifiers (SSPAs) to a leading satellite operator. Wavestream is on track to deliver over 800 SSPAs within the next year, emphasizing its technical performance and reliability in challenging environments.

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Gilat Satellite Networks Ltd. (NASDAQ: GILT) will announce its second quarter 2021 financial results on August 10, 2021. CEO Adi Sfadia and CFO Bosmat Halpern will host a conference call at 9:30 AM EST to discuss the results and business achievements. Investors can participate by dialing 1-866-744-5399 in the US or (972) 3-918-0610 internationally. A webcast of the event will also be available on the company's website and archived for 30 days.

Gilat is a leader in satellite-based broadband communications, offering innovative solutions across various applications.

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Gilat Satellite Networks announced a multi-million-dollar contract to supply satellite communication equipment to a system integrator for a customer in Asia. The deal leverages Gilat's SkyEdge II-c platform and Capricorn VSATs to enhance defense forces' tactical SATCOM capabilities, especially for emergency response and C4I needs. The deployment includes multiple hubs and numerous VSATs in redundant configurations to meet security and regulatory standards. Gilat aims to expand its presence in the defense sector and other markets like education and oil & gas.

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Gilat Satellite Networks Ltd. (NASDAQ: GILT) announced receiving orders worth $9 million to support Low Earth Orbit (LEO) constellation gateways through its subsidiary, Wavestream.

The orders are part of a previously announced contract and include over 800 Gateway-Class SSPAs. Wavestream plans to complete all deliveries within the next 12 months, marking an unprecedented production rate for these complex systems, which are tailored for non-geostationary satellite orbit applications.

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Gilat Satellite Networks Ltd. (Nasdaq: GILT) has secured multiple projects with its local partner Newsat to provide advanced military communication solutions in Latin America. These solutions encompass fixed, airborne, maritime, and mobile military applications. Gilat's comprehensive offerings leverage the SyEdge II-c platform, ensuring high network availability and support for critical operations. The partnership aims to enhance communication capabilities for the armed forces across various operational needs, reaffirming their long-term collaboration spanning over 15 years.

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Gilat Satellite Networks Ltd. (Nasdaq: GILT) has secured a contract as the sole provider of satellite communication equipment for military applications. This contract aims to meet advanced defense connectivity requirements, particularly in net-centric warfare. The company's SkyEdge II-c platform will deliver critical infrastructure for battlefield communication. Gilat expressed pride in its capabilities to address stringent demands in the global defense market, marking a significant strategic advancement.

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Gilat Satellite Networks has secured a $13M contract from Pronatel to provide public free WI-FI services across Ayacucho, Apurímac, Huancavelica, and Cusco in Peru over the next two years. This initiative aligns with the Peruvian government's efforts to enhance internet access for education during the pandemic, supplying students with the necessary tools to connect remotely. Gilat's infrastructure will support hundreds of hotspots aimed at improving educational resources, presenting potential for significant future revenue growth.

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Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) announces the expansion of its IoT project in Latin America with a Tier-1 mobile network operator. The multi-million dollar initiative enhances the Agriculture IoT network through Gilat's 4G cellular backhaul solution, improving communication between fields and offices, thus supporting real-time monitoring of agricultural machinery. This advancement aims to increase productivity in rural farming, aligning with the growing demand for IoT solutions in agribusiness.

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FAQ

What is the current stock price of Gilat Satellite Networks (GILT)?

The current stock price of Gilat Satellite Networks (GILT) is $5.24 as of November 22, 2024.

What is the market cap of Gilat Satellite Networks (GILT)?

The market cap of Gilat Satellite Networks (GILT) is approximately 297.7M.

What does Gilat Satellite Networks Ltd. specialize in?

Gilat specializes in satellite-based broadband communications, designing and manufacturing ground-based satellite equipment and providing comprehensive solutions and services.

What are the key products in Gilat's portfolio?

Gilat's portfolio includes a cloud-based VSAT network platform, high-speed modems, on-the-move antennas, and high-power solid-state amplifiers (SSPA) and block upconverters (BUC).

What applications do Gilat's solutions support?

Gilat's solutions support broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense, and public safety applications.

Can you provide recent achievements of Gilat?

Recent achievements include providing additional Ka-band BUCs for mobile STTs, supplying baseband equipment for satellite communication, and expanding IFC footprint with the Taurus modem.

What is the SkyEdge IV platform?

SkyEdge IV is Gilat's next-generation multi-service platform supporting multi-orbit operations with MEO and GEO satellites for high-performance communications.

How is Gilat contributing to social inclusion?

Gilat is involved in government-sponsored projects providing internet connectivity to rural areas not supported by terrestrial networks.

What financial performance highlights can you share about Gilat?

Gilat reported a 29% year-over-year revenue growth, a GAAP operating income of $5.4 million, and an adjusted EBITDA of $9.3 million.

Who are some of Gilat's key partners?

Gilat partners with industry leaders like SES for the O3b mPOWER constellation and provides technology for mission-critical military applications.

How does Gilat support in-flight connectivity?

Gilat's Taurus modem delivers high-performance connectivity solutions for commercial airlines and business aviation, supporting multi-orbit satellite constellations.

Where can I find more information about Gilat Satellite Networks Ltd.?

For more detailed information, visit their official website at www.gilat.com.

Gilat Satellite Networks Ltd

Nasdaq:GILT

GILT Rankings

GILT Stock Data

297.67M
57.02M
31.69%
0.13%
Communication Equipment
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