Gilat Satellite Networks Stock (NASDAQ: GILT)

Gilat Satellite Networks Stock (NASDAQ:GILT), Trade Ideas

Gilat Satellite Networks

Gilat Satellite Networks Ltd is a provider of satellite-based broadband communications. The company designs and manufactures ground-based satellite communications equipment and provides comprehensive solutions and end-to-end services. Its portfolio includes a cloud-based satellite network platform, very small aperture terminals (VSATs), amplifiers, high-speed modems, on-the-move antennas and high-power solid-state power amplifiers (SSPAs), block-up converters (BUCs) and Transceivers. The company's solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense, and public safety.

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Gilat Satellite Networks Posts Q4 Revenue Growth, Eyes Defense Sector Expansion with DataPath Acquisition. Adjusted EPS beats estimates as Gilat sets optimistic FY24 outlook.

Gilat Satellite Networks Eyes Defense Sector Growth After DataPath Acquisition, Beats Q4 EPS Estimates

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Gilat Satellite Networks Ltd (NASDAQ: GILT) reported third-quarter FY23 revenue growth of 6% year-on-year to $63.9 million, missing the 

Gilat Satellite Networks Posts Q3 Profit Leap, Tightens Revenue Forecast

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Gilat Satellite Networks Ltd. - Ordinary Shares

Gilat Satellite Networks Ltd

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Gilat Satellite Networks Announced Today That The Company Was Awarded Approximately $5M To Provide Services To A Leading LATAM Service Provider

This next-generation military modem is aimed to set a new standard for mission flexibility, with fast-to-deploy and easy-to-operate capabilities while meeting the most stringent specifications.&nbsp;

Gilat Satellite Networks Says A Defense Organization Awarded Multimillions Of Dollars For Development Of Next-Generation SOTM/SOTP Modem

Gilat Satellite Networks Ltd. (NASDAQ, TASE:&nbsp;<a href="https://www.benzinga.com/stock/gilt#NASDAQ,%20TASE">GILT</a>), a worldwide leader in satellite networking technology, solutions, and services, announced today that a leading IFC Service Provider is expanding its In-Flight Connectivity (IFC) capabilities with a strategic multimillion-dollar order mainly for Gilat&#39;s Taurus Aero modems.&nbsp;&nbsp;

Gilat Expanding into Additional IFC Market Segments After Receiving Over $3M in Orders from a Leading IFC Service Provider

This follow-on order significantly extends the number of sites in the program and highlights the importance of social inclusion projects aimed at bridging the digital divide.

Gilat Satellite Networks Reveals Award Of More Than $3M For A Public WiFi Solution In Latin America

&nbsp;Gilat Satellite Networks Ltd. (NASDAQ, TASE:&nbsp;<a href="https://www.benzinga.com/stock/gilt#NASDAQ,%20TASE">GILT</a>), a worldwide leader in satellite networking technology, solutions, and services, announced today that the US Department of Defense awarded over&nbsp;$5 million&nbsp;for baseband equipment to one of the company&#39;s US-based subsidiaries, DataPath.

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Regulations

Gilat Bags Over $5M Order from the US Department of Defense

US Army Awards $12M Contract Extension To Gilat For Satellite Connectivity

Gilat Satellite Networks Ltd. (NASDAQ, TASE:&nbsp;<a href="https://www.benzinga.com/stock/gilt#NASDAQ,%20TASE">GILT</a>), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company was awarded over&nbsp;$13M&nbsp;cumulative orders from multiple satellite operators to expand their global SATCOM networks utilizing Gilat&#39;s SkyEdge IV multi-orbit, multi-service capabilities and leveraging its backward compatibility with SkyEdge II-c modems.&nbsp;&nbsp; 
&nbsp;
These activities represent continuing orders resulting from the strategic partnerships forged with the selection of Gilat&#39;s SkyEdge platforms by key satellite operators. SkyEdge platforms play a pivotal role in enabling in-flight connectivity, maritime mobility, cellular backhaul, and fixed data services.

Gilat Bags Over $13M in Additional Orders from Satellite Operators for its SkyEdge IV and SkyEdge II-c Platforms

Gilat Satellite Networks Announced That The US Department Of Defense Awarded Another $5M Order To One Of The Company's US-Based Subsidiaries, DataPath

Gilat Satellite Networks Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILT#NASDAQ">GILT</a>, TASE: GILT)))), a worldwide leader in satellite networking technology, solutions, and services, announced today that it was selected by Safran Passenger Innovations for a strategic, multimillion-dollar in-flight connectivity (IFC) program. 
&nbsp;

Safran Selects Gilat for Strategic, Multimillion-Dollar In-Flight Connectivity Program

Gilat Satellite Networks Ltd&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILT#NASDAQ">GILT</a>) reported fourth-quarter fiscal 2023 revenue growth of 4% year-on-year to $75.61 million, missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/g37308430/gilat-presents-fourth-quarter-and-full-year-2023-results" rel="noreferrer noopener">consensus of $75.99 million</a>.&nbsp;
Adjusted operating income was $6.1 million versus $7.1 million a year ago. The GAAP operating income was $2.9 million, compared with $6.1 million Y/Y.
Adjusted EPS of $0.11 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $0.07</a>.&nbsp;
Gilat held $104.7 million in cash and equivalents as of December 31, 2023.
Adi Sfadia, Gilat&#8217;s CEO, commented: &#8220;Looking back, we have a lot to be proud of. In mid-November, we concluded the acquisition of DataPath in the US, which brings several synergies for both businesses and we see DataPath as a significant long-term growth asset for Gilat in the defense sector.&#8221;
FY24 Outlook:&nbsp;Gilat expects revenue of $305 million-$325 million versus a&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $291.62 million</a>.
The company expects operating income of $15 million &#8211; $19 million and adjusted EBITDA of $40 million &#8211; $44 million.
Price Action:&nbsp;GILT shares were down 1.26% to $6.25 premarket at last check Monday.

Management&rsquo;s financial guidance for 2024 is for revenues of between $305 to $325 million, representing year-over-year growth of 18% at the midpoint. GAAP operating income is expected to be between $15 to $19 million, and Adjusted EBITDA is expected to be between $40 to $44 million, representing year-over-year growth of 15% at the mid-point.

Gilat Satellite Networks Expects FY24 Revenue of $305M-$325M Vs $291.62M Est

Gilat Satellite Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILT#NASDAQ">GILT</a>) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $0.07 by 57.14 percent. This is a 21.43 percent decrease over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $75.60 million which missed the analyst consensus estimate of $75.98 million by 0.50 percent. This is a 4.09 percent increase over sales of $72.63 million the same period last year.

Gilat Satellite Networks Q4 Adj EPS $0.11 Beats $0.07 Estimate, Sales $75.60M Miss $75.98M Estimate

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&bull; MasterBrand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MBC#NYSE">MBC</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $666.70 million.
&bull; Albany Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) is expected to report quarterly earnings at $0.82 per share on revenue of $298.26 million.
&bull; New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $93.28 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For February 26, 2024

Gilat Satellite Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILT#NASDAQ">GILT</a>) is set to give its latest quarterly earnings report on Monday, 2024-02-26. Here's what investors need to know before the announcement.
Analysts estimate that Gilat Satellite Networks will report an earnings per share (EPS) of $0.07. 
Gilat Satellite Networks bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.05, which was followed by a 1.5% increase in the share price the next day.
Here's a look at Gilat Satellite Networks's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.03</td>
<td></td>
<td></td>
<td>0.06</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.08</td>
<td>0.09</td>
<td>0.07</td>
<td>0.14</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>-1.0%</td>
<td>-2.0%</td>
<td>0.0%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Gilat Satellite Networks were trading at $6.32 as of February 22. Over the last 52-week period, shares are up 8.22%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/GILT/earnings">To track all earnings releases for Gilat Satellite Networks visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Gilat Satellite Networks's Earnings Outlook

Gilat Satellite Networks Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILT#NASDAQ">GILT</a>, TASE: GILT)))), a worldwide leader in satellite networking technology, solutions, and services, announced today that the US Department of Defense awarded a&nbsp;$10 million&nbsp;follow-on order to one of the company&#39;s US-based subsidiaries, DataPath. This additional order is for DKET 3421 terminals, transportable satcom hubs that deliver the operational flexibility, capacity, connectivity, and control required to ensure success anywhere in the world.

Gilat Satellite Secures $10M Follow-On Order From The US Department Of Defense For DKET 3421 Terminals

Gilat Satellite Networks Disclosed Winning A Multimillion-dollar Defense Satellite Connectivity Project

Gilat Satellite Networks Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILT#NASDAQ">GILT</a>, TASE: GILT)), a worldwide leader in satellite networking technology, solutions, and services, announced today that the company was awarded a $17 million contract by Pronatel for the expansion of a regional telecommunications project in Peru.

Gilat Awarded $17 Million by Pronatel for Expansion of Regional Telecommunications Project in Peru

Gilat Satellite Networks Launches New Brand Identity, With Newly-Designed Logo Inspired By Its Global Reach And Connectivity

Gilat Satellite Networks Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILT#NASDAQ">GILT</a>, TASE: GILT)), a worldwide leader in satellite networking technology, solutions, and services, announced today that a national police force awarded the company approximately three million dollars for a multi-year project.
&nbsp;
The national police force selected Gilat&rsquo;s solution, which is based on the highly regarded SkyEdge platform and a suite of services with an emphasis on reliable and secure connectivity. Gilat was chosen because of its ability to meet very stringent security requirements and solve issues that had been hampering communication for years.
&nbsp;
Gilat&rsquo;s field-proven and feature-rich SkyEdge platform consists of a high-performance hub system, a family of mission-specific VSATs, and an advanced network management system. Gilat will deploy a comprehensive solution based on its SkyEdge platform and a suite of services to deliver reliable and secure connectivity to the operators.

Gilat Satellite Networks Bags $3M Deal for a Satellite Connectivity Project for a National Police Force

Gilat Satellite Networks Says US Army Awarded Nearly $20M Contract To Subsidiary Wavestream For Continuation Of Program To Sustain Anytime, Anywhere Satellite Connectivity

Gilat awarded over $5 mln order from the U.S. Department of Defense

Gilat Satellite Networks (GILT) has released an update. Gilat Satellite Networks has announced a significant contract with the US Department of Def...

Gilat Secures $5M Defense Department Deal

Gilat Satellite Networks gets $3M for WiFi service in Latin America

Gilat Satellite Networks (GILT) has released an update. Gilat Satellite Networks Ltd. invites shareholders to its Annual General Meeting on May 2, ...

Gilat Satellite Networks Announces Annual Meeting

Tech company BlackBerry (BB) will report its fourth-quarter results on April 3, 2024. Despite strategic initiatives to reduce costs, concerns loom around its ability to report profits. So, is the stock a Buy now? Let's discuss... Canada-based BlackBerry Limited (<a href="https://stocknews.com/stock/BB/">BB</a>) is set to release its fourth-quarter results for the fourth quarter ended February 29, 2024, on April 3, 2024. Analysts predict a revenue of $153.22 million, representing a 1.5% increase in quarterly revenue compared to the previous year. However, its EPS is expected to decline 63.1% year-over-year to a negative $0.03. In this piece, I have discussed why it could be prudent to avoid the stock now.
BB has surpassed analyst EPS estimates in the trailing four quarters. For the to-be-announced quarter, BB anticipates total revenue between $150 million and $159 million. IoT revenue is expected to range from $62 million to $66 million, while Cyber revenue is forecasted to be between $83 million and $88 million. Additionally, Licensing and other revenue is estimated to be approximately $5 million.
Furthermore, BB has made substantial strides in reaching positive cash flow, aiming for $100 million in annualized net profit enhancements via cost reductions and margin expansion, alongside $50 million in previously announced cost-saving measures. The company has outlined strategies to attain roughly $55 million of the $100 million target and foresees sequential enhancements in operating cash flow usage.
Additionally, it concluded a $200 million <a href="https://www.investopedia.com/terms/c/convertibledebenture.asp">convertible debenture</a> debt raise, cutting company debt by 45% and ensuring long-term liquidity. Nevertheless, the implementation of such drastic strategies typically requires time before yielding significant results.
BB's stock has declined 44.9% over the past nine months and 22.5% over the past three months to close the last trading session at $2.76.
Here's what could influence BB's performance in the upcoming months:
Mixed Financials
BB's revenue for the fiscal third quarter ended November 30, 2023, rose 3.6% year-over-year to $175 million. However, the company's operating loss stood at $11 million. It reported a net loss of $21 million and $0.05 per share. Its free cash flow came in at a negative $33 million.
If we look at its segments, Cybersecurity and IoT revenue rose 7.6% and 7.8% year-over-year to $114 million and $55 million. But its Licensing and other revenue declined 50% from the previous-year quarter to $6 million.
Mixed Valuation
In terms of forward EV/Sales, BB's 1.96x is 32.9% lower than the 2.92x industry average. Its forward Price/Sales of 1.94x is 34.5% lower than the 2.97x industry average. However, its 1,228.37x forward EV/EBIT is significantly higher than the 20.86x industry average. Its forward EB/EBITDA multiple of 55.85 is 270.8% higher than the industry average of 15.06
Weak Profitability
BB's trailing-12-month negative net income margin of 68.47% compares to the 2.67% industry average. Its trailing-12-month EBIT and EBITDA margins of 10.11% and 2.17% compare to the industry averages of 4.80% and 9.28%. Furthermore, the stock's 0.46x trailing-12-month asset turnover ratio is 24.2% lower than the industry average of 0.61x.
Bleak Historical Growth
Over the past years, BB has experienced a notable trend of decline in various key financial metrics. Its revenue has declined at a CAGR of 4.9% over the past three years. Its total assets have fallen at a CAGR of 24.5% over the past three years and at a CAGR of 47% over the past five years.
POWR Ratings Reflect Bleak Prospects
BB's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its grim outlook. The stock has an overall rating of D, which translates to a Sell in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. BB has an F grade in Stability, consistent with its 24-month beta of 1.09.
Its weak profitability aligns with its D grade for Quality.
BB is ranked #32 out of 47 stocks in the F-rated <a href="https://stocknews.com/category/technology-communication-networking/">Technology – Communication/Networking</a> industry.
Click <a href="https://stocknews.com/stock/BB/">here</a> to access BB's Growth, Value, Momentum, and Sentiment ratings.
Bottom Line
BB currently seems to be on a downtrend, with the stock trading below its 50-day and 200-day moving averages of $2.80 and $3.90, respectively.
Despite BB's track record of surpassing analyst EPS estimates in recent quarters, concerns loom over its bleak profitability. In response to these challenges, BB has initiated strategic measures, including cost reduction initiatives and debt restructuring, aimed at bolstering profitability and ensuring long-term financial stability. However, the efficacy of these endeavors remains uncertain.
Given its disappointing financial performance, lackluster historical growth, high beta, and weak profitability, exercising caution with the stock is advisable. Additionally, considering its grim earnings estimates, it may be wise to refrain from investing in BB prior to its earnings release.
Stocks to Consider Instead of BlackBerry Limited (BB)
The odds of BB outperforming in the weeks and months ahead are significantly compromised. However, there are many industry peers with impressive POWR Ratings. So, consider these three B-rated (Buy) stocks from the <a href="https://stocknews.com/category/technology-communication-networking/">Technology – Communication/Networking</a> industry instead:
Gilat Satellite Networks Ltd. (<a href="https://stocknews.com/stock/GILT/">GILT</a>)
AudioCodes Ltd. (<a href="https://stocknews.com/stock/AUDC/">AUDC</a>)
Ceragon Networks Ltd. (<a href="https://stocknews.com/stock/CRNT/">CRNT</a>)
To explore more Technology – Communication/Networking stocks, click <a href="https://stocknews.com/category/technology-communication-networking/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>
 
<hr />
BB shares were trading at $2.68 per share on Monday morning, down $0.08 (-2.90%). Year-to-date, BB has declined -24.29%, versus a 10.19% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/bb-gilt-audc-crnt-analyzing-blackberry-bb-earnings-is-it-a-buy-now/>Analyzing BlackBerry (BB) Earnings - Is It a Buy Now?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Analyzing BlackBerry (BB) Earnings - Is It a Buy Now?

Gilat Satellite Networks (GILT) has released an update. Gilat Satellite Networks Ltd. has secured over $3 million in orders from a leading IFC Serv...

Gilat Satellite Networks Secures Multimillion-Dollar Order

Gilat Satellite Networks gets multimillion dollar order from a defense organization

Gilat Satellite Networks (GILT) has released an update. Gilat Satellite Networks Ltd. has secured a multi-million dollar contract from a leading de...

Gilat Secures Lucrative Defense Contract for Modem Tech

Gilat Satellite Networks gets $5M for giving services to a LATAM service provider

Gilat Satellite Networks (GILT) has released an update. Gilat Satellite Networks Ltd. has announced it will release its first quarter 2024 financia...

Gilat Set to Unveil Q1 2024 Financial Results

AUDC

CRNT

Press Releases

Gilat Satellite Networks to Present at the 2024 LD Micro Invitational Conference

Gilat Awarded $5 Million Order from the US Department of Defense

Gilat Awarded Over $13M in Additional Orders from Satellite Operators for its World Leading SkyEdge IV and SkyEdge II-c Platforms

US Army Awards $12 Million Contract Extension to Gilat to Sustain Anytime, Anywhere Satellite Connectivity

General

Gilat Awarded Over $5 Million Order from the US Department of Defense

Gilat Awarded Over $3M Follow-On Order for Public WiFi Service in Latin America

Gilat Expanding into Additional IFC Market Segments After Receiving Over $3 Million in Orders from a Leading IFC Service Provider

Gilat Received Multimillion-Dollar Order from a Leading Defense Organization

Gilat Received Approximately $5 Million for Providing Services to a Leading LATAM Service Provider

Gilat to Report First Quarter 2024 Results on May 8th

Needham