Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Gilat ( (GILT) ) has issued an update.
On February 12, 2025, Gilat Satellite Networks Ltd. announced its unaudited financial results for the fourth quarter and full year 2024, reporting significant growth in revenue and profitability. The company achieved a record Adjusted EBITDA of $42.2 million for the year, driven by strong performance in its defense and in-flight connectivity segments. Gilat’s strategic acquisitions, including Stellar Blu, and a new organizational structure with dedicated divisions for defense, commercial, and regional markets, are expected to bolster its growth in 2025 with anticipated revenue increases of 36%-50%. The company plans to increase investment in R&D and marketing for its defense segment, seeing it as a strategic growth area, while also capitalizing on growing demand for inflight connectivity solutions.
More about Gilat
Gilat Satellite Networks Ltd. is a global leader in satellite networking technology, solutions, and services. The company operates in the satellite communication industry, offering a range of products and services that cater to various market segments including defense, commercial, and regional telecommunications. With a strategic focus on expanding its defense and in-flight connectivity offerings, Gilat aims to strengthen its position in the satellite communications market.
YTD Price Performance: 20.16%
Average Trading Volume: 407,426
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $423.1M
See more insights into GILT stock on TipRanks’ Stock Analysis page.
