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Gilat Satellite Networks Ltd. Message Board

  • rothingham rothingham Aug 15, 2012 8:18 AM Flag

    Q2 Earnings Release

    I can't find anything to complain about in those numbers. Beat on top line revs, beat on bottom line, positive outlook. Anyone reading between the lines differently?

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    • The Marker view on Gilat’s report:
      http://www.themarker.com/markets/1.1802173
      Gilat’s report: 4.5% revenue rise to 85 millions dollars
      Gilat Satellite Networks, reported today financial results for second quarter of 2012. The reports are markedly improving, after dramatic changes in the management and reorganization of the company. The company is engaged in developing, manufacturing and marketing products and services for satellite-based communication networks.
      At the beginning of the year the company's CEO, Amiram Levinberg has been replaced by Erez Antebi. Levinberg continues to serve as Chairman of the Board. Also Yaniv Reinhold was appointed as CFO, replacing Ari Krashin, which remains employed by the company in United States….

      Data from the company report follows…

      …."We are pleased with this quarter's results and are optimistic about our prospects going forward," stated Erez Antebi, Chief Executive Officer of Gilat. "Our Commercial Division continues to perform well and our Defense Division has started gaining traction both within the U.S. and in the global markets." Antebi added that "we saw a pick-up in our satellite-on-the-move business this quarter with new customer sales of our RaySat antennas in Russia, China, Israel and Mexico".
      "Operationally," added Mr. Antebi, "we generated cash from operations this quarter. As our ongoing organizational changes bear fruit, we have begun to realize improved efficiencies and reduced operational expenses. Based on the solid pipeline we have developed, we expect the momentum of this quarter to continue into the second half of the year."
      Capital markets:
      Gilat’s stock price has reached its lowest point in early August of this year - at the time it traded at a price of 2.35 – the lowest point since December 2009. From the beginning of May till today Gilat has lost about 40% of its value. Since the start of the year the company has lost approximately 30% of its value.
      "We are aware of capital market and we are taking care of it," explained sources in Gilat, "The results of first quarter were a little weak, but significant improvement in the second quarter results coupled with projected increase in the second half of the year, as a result of both civilian and military budgets deadlines, will contribute to recovery."…

    • On a technical point of view, note GILT passed 5, 10 & 20 days moving average, and about to test 50 day ma.
      The stock checked historic low not awhile ago (and @ fy08), so maybe we start to see a change in trend?
      This will need further good Q reports to fundementaly backup this hypothesis.

    • Neither can I. And maybe the most important part was the Antebi's statement that Gilat's business is rather immune from the economical turmoil both on the commercial as on the military side of the business. On the commercial side the reason is the geographical dispersion of the business to countries which are doing well and need the broadband communication, while on the military side secure, on the move communication and surveillance gets priority funding too. This coupled with an incoming deployment of KA band satellites (including o3b) and the resulting availability and cost reduction of the broadband satellite communication makes a pretty rosy outlook. IMHO

 
GILT
4.86-0.0950(-1.92%)Dec 17 3:59 PMEST

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