GILT News and Press, Gilat Satellite Networks Ltd. From 02/16/21

Shares of Gilat Satellite Networks (NASDAQ: GILT) tumbled today after the company reported disappointing fourth-quarter 2020 results. The tech stock was down 10.7% at the close on Tuesday. Fourth-quarter revenue of $42.6 million was down significantly compared to the $7...

Gilat Satellite Networks (GILT) shares are down 2.4% after reporting Q4 declines and the retirement of its board chairman.Q4 revenue fell 46% Y/Y to $42.6M. The company reported a $0.03 loss per share compared to the $0.16 profit in last year's quarter.Adjusted EBITDA drop...

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Fourth Quarter GAAP Net Profit of $62. 4 million and Adjusted EBITDA of $1.1 million Net Profit includes termination fees , net of costs Dov Baharav, Chairman of the Board , Announced His Plans to Step Down During 2021 PE...

Morgan Stanley forecasts the revenue generated by the global space industry may increase to more than $1T by 2040, while BofA estimates the sector will grow to $3T by 2040. Morgan Stanley estimates that satellite broadband will represent 50% of the projected growth of the global space...

Should Investors Be Watching These Top Tech Stocks? 4 Names to Know Tech stocks continue to dominate the stock market right now. Evidently, this is because of the stellar earnings season that we have seen over the past few weeks. For instance, tech juggernauts Apple ( ...

Gilat is an innovative Israeli company whose high-speed modems enable satellite-based 5G connectivity. Increased demand in high speed internet, from anywhere has prompted use of non-terrestrial service providers. However, both the company's top-line and bottom-line have been impac...

Gilat Satellite Networks (GILT) has shipped initial aero modems to a leading Chinese system integrator who will install it for the Ka-band In-flight Entertainment and Connectivity ((IFEC)) system, on the entire fleet of the first airline in China and on additional domestic airlines. "Gil...

PETAH TIKVA, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announces that Gilat has shipped initial aero modems, out of a multi-million-dollar potential in China. A leading...

Capping off a 5-day gain of ~33.0%, Gilat Satellite Networks (GILT) surged ~12.3% on Friday after the company announced that a government corporation in Peru awarded it a multi-million-dollar contract to provide mission-critical telecom systems for the country’s airports...