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PETAH TIKVA, Israel - Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT), a satellite technology company with annual revenue of $321 million and strong market momentum showing 61% returns over the past year, has received orders exceeding $22 million from satellite operators worldwide, according to a company press release. The orders are scheduled for delivery over the next 12 months.
The contracts involve Gilat’s satellite networking technology designed to support connectivity across various satellite constellations including GEO, MEO, and LEO. The company indicated particular traction in the In-Flight Connectivity (IFC) market. According to InvestingPro analysis, Gilat’s revenue has grown 13.5% over the last twelve months, with analysts anticipating continued sales growth.
"Our ongoing partnership with leading satellite operators underscores Gilat’s critical role in the evolution of satellite connectivity," said Ron Levin, President of Gilat’s Commercial Division, in the statement.
The orders encompass ground segment infrastructure, system management, and specialized solutions for mobility and broadband services. The company reported that these orders reflect confidence in its capabilities to support large-scale deployments.
Gilat Satellite Networks, with over 35 years in the industry, provides satellite-based broadband communications through its Commercial and Defense Divisions. The company’s portfolio includes cloud-based platforms, modems, satellite terminals, antennas, and integrated ground systems.
The company’s stock is listed on both NASDAQ and the Tel Aviv Stock Exchange under the ticker symbol GILT. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with 8 additional exclusive insights available to subscribers. Get access to the comprehensive Pro Research Report, part of InvestingPro’s coverage of 1,400+ US equities, for detailed analysis and actionable intelligence.
In other recent news, Gilat Satellite Networks Ltd. reported its first-quarter 2025 earnings, which did not meet analyst expectations. The company posted adjusted earnings per share of $0.03, missing the consensus estimate of $0.07, and reported revenue of $92 million, which was below the projected $94.47 million but represented a 21% increase year-over-year. Gilat also announced a $40 million contract for its SkyEdge IV platform, set to be delivered over the next 24 months, marking a significant step in its satellite ground network transformation efforts. Additionally, Gilat secured a $27 million contract for its ESA Terminal technology, with most deliveries expected within the next year. The company has received orders exceeding $25 million from global satellite operators for its In-Flight Connectivity technologies, highlighting the growing demand in the aviation sector. Despite the earnings miss, Gilat reiterated its full-year 2025 revenue guidance, projecting between $415 million and $455 million. The company continues to experience momentum in its defense segment and is expanding its in-flight connectivity business, with its Sidewinder ESA system now operational on over 150 aircraft.
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