Gilat Satellite Stock Price, News & Analysis

Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) announced a follow-on order exceeding $5 million from a Tier-1 US military terminal provider for Solid State Power Amplifiers (SSPAs) for satellite communication terminals. This order highlights the continued trust in Wavestream technology and production reliability. Gilat's subsidiary, Wavestream, will deliver MicroStream frequency conversion/amplifier units designed for tactical military users. Anticipated future contract expansions are indicated.

Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced a new collaboration with Africa Mobile Networks (AMN) to extend cellular backhaul services across a dozen African countries. AMN has deployed Gilat's technology due to its superior satellite connectivity, enhancing digital access in rural areas. Gilat's SkyEdge II-c Capricorn VSATs will support this effort, helping AMN close the digital divide. The partnership aims to bolster telecommunications networks in regions lacking connectivity, with plans to migrate to 4G technologies as demand increases.

Gilat Satellite Networks Ltd. (NASDAQ: GILT) reported a 34% revenue increase year-over-year to $49.9 million for Q3 2021. The company achieved a GAAP operating income of $0.9 million, reversing a loss of $10.9 million from Q3 2020. Adjusted EBITDA reached $4.0 million, significantly up from $0.6 million in the same quarter last year. Notable achievements include $28 million in multi-year agreements in Peru and strong bookings in strategic markets, despite global supply chain challenges. Management expresses confidence in future growth for both Q4 and 2022.

Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) announced a significant expansion of a Tier-1 mobile operator's 4G network in Asia. This enhancement will utilize Gilat's advanced cellular backhaul solution, employing carrier-grade VSAT technology to connect hundreds of additional sites, especially in rural areas. The deployment aims to improve high-speed data and voice over LTE (VoLTE) services. Gilat’s commercial strategies are geared towards facilitating growth and profitability for mobile network operators across the continent.

Gilat Satellite Networks announced an expansion of its 4G network for a Tier-1 Mobile Network Operator in North America, aimed at enhancing disaster recovery and ongoing operational needs. The satellite solutions are particularly crucial for restoring connectivity amidst natural disasters like hurricanes and wildfires. With increased global natural disasters, Gilat has developed various solutions to support emergency communications. The company has over 30 years of experience in satellite-based broadband communications, offering advanced technology and services.

Gilat Satellite Networks Ltd. (NASDAQ: GILT) announced the release of its third quarter 2021 financial results on November 9, 2021. The company’s CEO, Adi Sfadia, and CFO, Bosmat Halpern, will lead a conference call to discuss these results, scheduled for 09:30 AM EST / 16:30 IST. Interested parties can join via dial-in numbers or through a webcast available on Gilat’s website. The webcast will also be archived for 30 days. Gilat is a leading provider of satellite-based broadband communications, offering comprehensive solutions across various applications.

Gilat Satellite Networks has signed agreements worth over $16 million to provide broadband transport services in Peru over a two-year period. This initiative aims to enhance broadband connectivity in regions such as Ayacucho, Apurímac, and Huancavelica, complementing previous efforts in the Cusco region. This project aligns with Gilat's strategic goal of expanding services across all six operational regions in Peru, showcasing their commitment to improving regional communications infrastructure.

Gilat Satellite Networks has secured a $12 million contract for operation and maintenance services for a broadband network in Cusco, Peru. This three-year agreement marks a significant achievement following the completion of the network's construction phase and acceptance tests earlier this year. Gilat will oversee internet service across over 2,000 kilometers of fiber optics and multiple communication nodes. The company aims to leverage this project to expand its services across other regions in Peru, targeting annual revenues of $50 million from the country.

Gilat Satellite Networks (NASDAQ: GILT) announced receiving $17 million in additional orders to support Low Earth Orbit (LEO) constellation gateways. The orders, part of a prior contract, involve the delivery of Gateway Solid State Power Amplifiers (SSPAs) by its subsidiary Wavestream. These SSPAs, known for their technical performance and reliability, will be delivered by the end of 2022. This manufacturing effort is progressing at an unprecedented rate, with over 1,000 units being produced.