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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

News

Gilat Awarded Approximately $20 Million in Contract Renewal and Extension from Tier-1 MNO in the USA

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Gilat Satellite Networks has been awarded a renewal and extension contract worth approximately $20 million from a Tier-1 MNO in the United States. The multi-year agreement allows Gilat to continue as the end-to-end managed services provider for satellite-based cellular backhaul and emergency response for this long-term leading customer. Gilat is known for its superior technology in 4G cellular backhaul over satellite and its ability to smoothly transition to 5G and next-generation satellites.
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Gilat to Report Third Quarter 2023 Results on November 7th

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Gilat Satellite Networks to release Q3 2023 financial results
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Gilat Awarded Contract for Satellite Network Modernization at Ethio Telecom

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Gilat Satellite Networks receives contract for satellite network modernization at Ethio Telecom of Ethiopia
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Gilat Reports Second Quarter 2023 Results

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

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

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

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Gilat Satellite Networks has been awarded millions of dollars in orders for a cellular backhaul over satellite project in Mexico. The project, part of the 'CFE Telecommunications and Internet for All' initiative, aims to connect hundreds of 4G sites and improve access to information and communication technologies for all people in Mexico. Gilat, a leading provider of 4G cellular backhaul over satellite solutions, is working with global satellite and hub operators to provide the best available solution.
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Gilat to Report Second Quarter 2023 Results on August 8th

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

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

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Gilat Satellite Networks announces management's participation at the 18th Annual Needham Technology & Media Conference in New York City. Chief Financial Officer, Gil Benyamini, will give a presentation and be available for one-on-one meetings with investors.
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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 $4.875 as of November 14, 2024.

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

The market cap of Gilat Satellite Networks (GILT) is approximately 282.8M.

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.

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Gilat Satellite Networks Ltd

Nasdaq:GILT

GILT Rankings

#3593 Ranked by Market Cap
N/A Ranked by Dividends

GILT Stock Data

282.76M
57.02M
31.21%
0.09%
Communication Equipment
Technology
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United States of America
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