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home / news releases / GILT - Comtech: Legal Battle Over Gilat Pushes Shares Down So It Launches $100 Million Buyback Plan

GILT - Comtech: Legal Battle Over Gilat Pushes Shares Down So It Launches $100 Million Buyback Plan

Gilat Satellite Networks Ltd.
  • After dropping significantly in the March sell-off, Comtech has never recovered and is down ~60% YTD.
  • Hanging over its head is a big takeover deal with Gilat that has turned into a legal battle.
  • Meantime the business appears to be strong and the company has announced a $100 million stock buyback plan to take advantage of the stock drop.
  • Comtech is significantly undervalued - with or without Gilat.

For further details see:

Comtech: Legal Battle Over Gilat Pushes Shares Down, So It Launches $100 Million Buyback Plan
Stock Information
Company Name: Gilat Satellite Networks Ltd.
Stock Symbol: GILT
Market: NASDAQ
Website: gilat.com
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