Gilat Satellite Networks (GILT) News & Sentiment

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Advanced Satellite Solution to Support Secure and Resilient Connectivity for Fixed and Mobility Defense Operations Advanced Satellite Solution to Support Secure and Resilient Connectivity for Fixed and Mobility Defense Operations

After losing some value lately, a hammer chart pattern has been formed for Gilat (GILT), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Does Gilat Satellite (GILT) have what it takes to be a top stock pick for momentum investors? Let's find out.

Gilat Satellite Networks Ltd. (NASDAQ:GILT ) Q4 2024 Earnings Conference Call February 12, 2025 9:30 AM ET Company Participants Mayrav Sher - Head of Finance and IR Adi Sfadia - CEO Gil Benyamini - CFO Conference Call Participants Sergey Gleimyamov - Freedom Brokers Louie DiPalma - William Blair Ryan Koontz - Needham & Company Chris Quilty - Quilty Space Gunther Karger - Discovery Group Operator Ladies and gentlemen, thank you for standing by.

Q4 Revenue of $7 8 . 1 million, GAAP Operating Income of $ 12. 8 million and Adjusted EBITDA of $ 12.1 million

GILT's Q4 2024 performance is likely to have been aided by rising deal wins in the defense sector, IFC business expansion and synergies from acquisitions.

GILT's Gilat DataPath secures $4 million in global defense contracts for CCT200, CCT120 & QCT90 portable satellite terminals to be delivered over the next year.

GILT's unit Gilat DataPath secures more than $5 million in contracts from the U.S. DoD and global defense forces for DKET terminals and FSR support.