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Gilat Satellite Networks Ltd. (GILT)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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5.93+0.21 (+3.67%)
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Neutralpattern detected
Previous Close5.72
Open5.72
Bid0.00 x 3100
Ask0.00 x 900
Day's Range5.70 - 5.98
52 Week Range4.70 - 10.76
Volume471,878
Avg. Volume364,384
Market Cap329.228M
Beta (5Y Monthly)0.65
PE Ratio (TTM)23.35
EPS (TTM)0.25
Earnings DateMay 18, 2017 - May 22, 2017
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMar 27, 2019
1y Target Est5.50
  • Gilat Successfully Demonstrates Carrying 5G Traffic with Outstanding Performance over Thaicom's GEO HTS Satellite
    GlobeNewswire

    Gilat Successfully Demonstrates Carrying 5G Traffic with Outstanding Performance over Thaicom's GEO HTS Satellite

    Gilat's cellular backhaul solution declared operational and ready for implementation in 5G architecture Unprecedented Performance in Live 5G Demonstration 400/100 Mbps achieved to/from 5G handsetPETAH TIKVA, Israel, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it successfully demonstrated carrying 5G traffic with outstanding performance over Thaicom's GEO HTS satellite. With this successful demonstration, Gilat's cellular backhaul solution is declared operational and ready for implementation in the 5G architecture. Superior user experience was recorded using Gilat's Capricorn PLUS VSAT in the live demonstrations last month with two MNOs over Thaicom's IPSTAR GEO satellite. Using a 5G handset, a large number of applications including: Browsing, Speedtest, Youtube 4K, VoLTE, ViLTE, Virtual Reality, Augmented Reality and even communication with a drone providing a live video stream, were tested with excellent results.The tests were done with a number of 5G architecture options, including Standalone (SA) and Non-Standalone (NSA), using Gilat's Capricorn PLUS with adaptation of its patented GTP acceleration, reaching speeds of 400 Mbps download and 100 Mbps upload and at times showing results better than the terrestrial connection.“We are excited with the results of the close work with our partners in demonstrating the extraordinary capabilities of our flagship VSAT, Capricorn PLUS. We believe that these recorded results of 400/100 Mbps to/from the 5G handset are unique in the industry," said Alik Shimelmits, Chief Technology and Product Officer at Gilat. “This was successfully demonstrated using Gilat’s Capricorn PLUS over Thaicom’s GEO satellite and MNOs are invited to go ahead and deploy Gilat's solution for their 5G services.”"I am very pleased that Thaicom and Gilat have jointly achieved such a significant milestone, further proving the strategic long-term relationship between the companies," said Abhay Kumar, Regional Vice President Asia Pacific and Japan for Gilat. "This strong partnership went a long way in allowing us to demonstrate these remarkable 5G capabilities and positions us well to deliver value to MNOs as they embark on their journey to deliver differentiated 5G services to the people around the world."“Thaicom has deployed Gilat’s multi-service platform across many MNOs over the years. Gilat has been a very strong partner for Thaicom and we highly value this relationship,” said Nile Suwansiri, CCO Thaicom. “This demonstration of 5G capabilities in Thailand will enable us to deliver very strong services with our HTS IPSTAR satellite to address the MNOs satellite-based 5G requirements.”About Thaicom Thaicom is a leading Asian satellite operator and end-to-end service provider of satellite enabled communications since 1991. With nearly 30 years of experience in providing cost-effective satellite communications and a presence in 10 countries in Asia-Pacific, Thaicom is a partner of choice for many of the region’s leading broadcasters, telecom operators, and government customers. Thaicom’s video and data platforms offer a portfolio of integrated satellite communications that fuel the demand of these customers to connect and grow their markets in the digital era. Thaicom is a true innovator and satellite industry pioneer: with IPSTAR, Thaicom was the first operator in the world to develop and launch a High Throughput Satellite (HTS). Thaicom currently operates a fleet of four high performance satellites covering Asia, Oceania, and Africa. Visit www.thaicom.net.About Gilat Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With 30 years of experience, we design and manufacture cutting-edge ground segment equipment, and provide comprehensive solutions and end-to-end services, powered by our innovative technology. Delivering high value competitive solutions, our portfolio comprises of a cloud based VSAT network platform, high-speed modems, high performance on-the-move antennas and high efficiency, high power Solid State Amplifiers (SSPA) and Block Upconverters (BUC).Gilat’s comprehensive solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense and public safety, all while meeting the most stringent service level requirements. Gilat controlling shareholders are the FIMI Private Equity Funds. For more information, please visit: www.gilat.comCertain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, risks associated with the outbreak and global spread of the coronavirus (COVID-19) pandemic; changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.Contact: Gilat Satellite Networks Doreet Oren, Director Corporate Communications DoreetO@gilat.comA photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b68fe8e4-bd22-4902-8b1f-37d12f5a1273

  • Capstone Turbine (NASDAQ:CPST) Continues Success in European Cogeneration Market With Orders for Nine C65 Microturbines
    ACCESSWIRE

    Capstone Turbine (NASDAQ:CPST) Continues Success in European Cogeneration Market With Orders for Nine C65 Microturbines

    Recent Win Marks the 32nd C65 Microturbine Order for Germany in the Last Six MonthsVAN NUYS, CA / ACCESSWIRE / October 29, 2020 / Capstone Turbine Corporation (www.

  • US Department of Defense Awards Gilat Multi-Million-Dollar Orders for Military Communications Program
    GlobeNewswire

    US Department of Defense Awards Gilat Multi-Million-Dollar Orders for Military Communications Program

    DoD program powered by Wavestream's unparalleled high-power 50W Ka-band military Block Upconverter US DoD Awards Gilat Multi-Million Dollar Orders Powered by Wavestream's unparalleled high-power 50W Ka-band military BUCPETAH TIKVA, Israel, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that its subsidiary Wavestream received multi-million-dollar orders from the US Department of Defense (DoD). Wavestream's unparalleled high-power 50W Ka-band military Block Upconverter (BUC) powers the DoD military communications program. Wavestream’s 50W Ka-band BUC is the most widely deployed solid state amplifier built at this power level. Wavestream's production capacity of military-grade high-power Ka-Band SSPA/BUCs is unmatched and as such military customers have been trusting Wavestream's innovative and reliable RF solutions for over 14 years."Wavestream has supported the military communication program since 2007 and continues to deliver high-quality products that meet the program’s stringent ruggedization and RF operation specifications," said Bob Huffman, Wavestream’s General Manager. "This win demonstrates our military customers’ faith in our ability to continue to execute at a high level for years to come."About Wavestream Wavestream, a Gilat subsidiary is the industry leader in the design and manufacture of next generation satellite communications high power transceivers for In Flight Connectivity, Ground Mobility and Gateway markets. Since 2001, we provide system integrators with field-proven, high performance Ka, Ku and X band Solid State Power Amplifiers (SSPAs), Block Upconverters (BUCs), Block Down Converters and Transceivers. We design, manufacture and repair our products in-house and have delivered over 40,000 systems in the past 15 years. Wavestream products provide high quality and reliability under the harshest environmental conditions and we are currently certified to ISO 9001:2008 and AS9100D standards. For further details please visit www.wavestream.com About Gilat Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With 30 years of experience, we design and manufacture cutting-edge ground segment equipment, and provide comprehensive solutions and end-to-end services, powered by our innovative technology. Delivering high value competitive solutions, our portfolio comprises of a cloud based VSAT network platform, high-speed modems, high performance on-the-move antennas and high efficiency, high power Solid State Amplifiers (SSPA) and Block Upconverters (BUC).Gilat’s comprehensive solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense and public safety, all while meeting the most stringent service level requirements. Gilat controlling shareholders are the FIMI Private Equity Funds. For more information, please visit: www.gilat.comCertain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, risks associated with the outbreak and global spread of the coronavirus (COVID-19) pandemic; changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.Contact: Gilat Satellite Networks Doreet Oren, Director Corporate Communications DoreetO@gilat.comA photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9eca3230-7777-407c-8b28-8531f2d6936e