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Gilat ( (GILT) ) has issued an announcement.
On January 6, 2025, Gilat Satellite Networks Ltd., through its subsidiary Wavestream Corporation, completed the acquisition of Stellar Blu Solutions LLC, a U.S.-based provider of SATCOM terminal solutions. The acquisition, valued at $107.8 million with additional contingent considerations, was funded through existing cash resources and a secured credit facility. This strategic move is expected to enhance Gilat’s market position in the satellite communications industry by expanding its product offerings and potentially achieving synergies, although these are not reflected in the current financial statements.
The most recent analyst rating on (GILT) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Gilat stock, see the GILT Stock Forecast page.
Spark’s Take on GILT Stock
According to Spark, TipRanks’ AI Analyst, GILT is a Neutral.
Gilat’s overall stock score is driven by strong financial performance and positive earnings call sentiment, highlighting robust revenue growth and strategic achievements. However, technical indicators suggest the stock may be overbought, and valuation metrics indicate moderate attractiveness. Challenges with Stellar Blu’s ramp-up and decreased gross margin are potential risks to monitor.
To see Spark’s full report on GILT stock, click here.
More about Gilat
Gilat Satellite Networks Ltd. operates in the satellite communications industry, focusing on providing satellite-based broadband communication solutions. The company offers a range of products and services, including satellite network equipment and services, to various markets globally.
Average Trading Volume: 596,876
Technical Sentiment Signal: Buy
Current Market Cap: $567.8M
Learn more about GILT stock on TipRanks’ Stock Analysis page.