Welcome to our dedicated page for Gilat Satellite news (Ticker: GILT), a resource for investors and traders seeking the latest updates and insights on Gilat Satellite stock.
Gilat Satellite Networks Ltd. develops satellite-based broadband communications technology for commercial and defense applications. Company news often centers on multi-orbit ground systems, high-throughput satellite networks, in-flight connectivity, cellular backhaul, enterprise connectivity, mobility, government communications and critical infrastructure.
Recurring developments include customer orders and partnerships for SkyEdge IV, Sidewinder ESA terminals, AeroStream Ka-band aviation products, EnduroStream solid-state power amplifiers, DKET transportable terminals and defense modems. News also covers Gilat Defense, Gilat DataPath, Gilat Wavestream and Gilat Stellar Blu, along with financial results, investor conference activity, software-defined satellite communications, cloud-enabled SATCOM architecture and 5G non-terrestrial network capabilities.
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT) has launched its new VSAT, Capricorn PLUS, achieving concurrent speeds of 400/100Mbps. This high-speed VSAT optimizes satellite network resource utilization and supports Multi Access Edge Computing for next-gen services like video caching and IoT gateways. Built for demanding applications, it maintains performance under congested conditions. Gilat’s extensive product portfolio enhances broadband access, cellular backhaul, and more, catering to multiple sectors including enterprise and maritime.
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT) reported a significant drop in Q1 2020 revenues of $47.7 million, down from $62.1 million in Q1 2019. The company faced a GAAP operating loss of $10.8 million compared to a profit of $4.5 million the previous year. Net loss increased to $11.8 million or $0.21 per diluted share. The COVID-19 pandemic severely impacted operations, particularly in travel and aviation sectors. Despite these challenges, the acquisition by Comtech Telecommunications Corp. received a 99.7% shareholder approval and awaits regulatory clearance.