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gilat satellite networks ltd (GILT) Snapshot

Open
$1,953
Previous Close
$1,953
Day High
$1,953
Day Low
$1,907
52 Week High
12/15/14 - $2,020
52 Week Low
05/21/14 - $1,551
Market Cap
827.2M
Average Volume 10 Days
20.2K
EPS TTM
$-0.01
Shares Outstanding
42.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GILAT SATELLITE NETWORKS LTD (GILT)

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gilat satellite networks ltd (GILT) Details

Gilat Satellite Networks Ltd. and its subsidiaries provide Internet protocol (IP) based digital satellite communication and networking products and services worldwide. It designs, produces, and markets very small aperture terminals (VSATs) and related VSAT network equipment. VSATs are earth based terminals that transmit and receive broadband, Internet, voice, data, and video via satellite. The company operates through three divisions: Commercial, Defense, and Services. The Commercial division provides VSAT networks, satellite communication products, and associated professional services to service providers and operators, including broadband access and consumer high throughput satellite initiatives; and industry specific solutions for cellular backhaul, business continuity, and disaster recovery. The Defense division offers satellite communication products and solutions to defense and homeland security organizations; Satcom-on-the-move solutions to various industries, including avionics; and solid-state power amplifiers and block up converters for mission-critical satellite communications, as well as low-profile antennas. This division also offers various product solutions for a range of applications targeting defense, commercial, and broadcast satellite communications systems. The Service division provides telephony, Internet access, and data services for rural areas under projects that are subsidized by governmental entities, public institutions, and the private sector. The company was founded in 1987 and is headquartered in Petah Tikva, Israel.

Founded in 1987

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gilat satellite networks ltd (GILT) Key Developments

RuralCom Corporation Selects Gilat Satellite Networks Ltd. as Prime Network

Gilat Satellite Networks Ltd. announced that RuralCom Corporation selected Gilat as prime network contractor for it’s Alaska Highway and British Columbia (BC) Coast Networks. RuralCom's networks will use Gilat's CellEdge 3G technology to provide satellite-based, high-speed mobile services in previously unserved rural areas of Canada. RuralCom's proposed Alaska Highway Network will provide nearly continuous coverage along the 1,685 km Alaska Highway, from Wonowon, BC to Beaver Creek, Yukon Territory (YT) on the Alaska-YT border. Communities to be served will include Fort Nelson in BC and Watson Lake and Whitehorse in YT. The networks were made fully operational in late January and RuralCom expects to have additional new cell sites along the Alaska Highway and the B.C. Coast by mid-year with expansion to continue during the second half of the year. Gilat's CellEdge, small cell over satellite solution will enable RuralCom to provide 3G HSPA+ including voice, SMS, MMS and data services to both its subscribers as well as customers of other cellular operators. Gilat's CellEdge 3G network was creatively designed to reduce OPEX by optimizing space segment usage and significantly reduce CAPEX.

Gilat Satellite Networks Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for 2015

Gilat Satellite Networks Ltd. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, on GAAP basis, revenues were $73.097 million against $55.728 million a year ago. Operating income was $5.494 million against operating loss of $2.716 million a yea ago. Income before taxes on income was $3.555 million against loss before income tax of $4.318 million a year ago. Net income from continuing operations was $2.437 million or $0.06 per basic and diluted share against loss from continuing operations of $3.610 million or $0.09 per basic and diluted share a year ago. Net income was $2.437 million or $0.06 per basic and diluted share against net loss of $7.521 million or $0.18 per basic and diluted share a year ago. On non-GAAP basis, operating income was $7.486 million against operating loss of $0.111 million a year ago. Income before taxes on income was $5.547 million against loss before income tax of $1.713 million a year ago. Net income from continuing operations was $4.429 million against loss from continuing operations of $1.005 million a year ago. Net income was $4.429 million or $0.10 per basic and diluted share against net loss of $1.005 million or $0.02 per basic and diluted share a year ago. Net cash provided by operating activities were $7.425 million against $22.066 million a year ago. Purchase of property and equipment was $0.435 million against $1.246 million a year ago. EBITDA was $10.401 million against $2.527 million a year ago. For the year, on GAAP basis, revenues were $235.133 million against $234.866 million a year ago. Operating income was $5.037 million against operating loss of $4.093 million a yea ago. Income before taxes on income was $1.200 million against loss before income tax of $10.332 million a year ago. Net loss from continuing operations was $0.701 million or $0.02 per basic and diluted share against $9.577 million or $0.23 per basic and diluted share a year ago. Net loss was $1.496 million or $0.04 per basic and diluted share against $17.897 million or $0.43 per basic and diluted share a year ago. On non-GAAP basis, operating income was $13.104 million against $4.380 million a year ago. Income before taxes on income was $9.267 million against loss before income tax of $1.859 million a year ago. Net income from continuing operations was $7.366 million against loss from continuing operations of $1.104 million a year ago. Net income was $7.366 million or $0.17 per basic and diluted share against net loss of $1.104 million or $0.03 per basic and diluted share a year ago. Net cash used in operating activities were $16.162 million against net cash provided by operating activities of $16.397 million a year ago. Purchase of property and equipment was $12.630 million against $4.063 million a year ago. EBITDA was $23.413 million against $16.298 million a year ago. For 2015, The company expects continued improvements in 2015, and management objectives are to reach revenues between $250 and $260 million and EBIDTA between $26 to $28 million for the year.

Delnet International Corp. Selects Gilat Satellite Networks Ltd. for Skyedge II Network for 3G and GSM Cellular Backhaul for Smart Communications

Gilat Satellite Networks Ltd. announced it has been selected by Delnet International Corp. to provide a SkyEdge II network for 3G and GSM cellular backhaul for SMART Communications. SMART is a wholly-owned cellular network operator and Internet service subsidiary of the Philippine Long Distance Telephone company (PLDT). As part of the project, Gilat will supply a SkyEdge II network segment, SkyEdge II Accent VSATs and related services. The majority of the VSATs will replace older SCPC modems that are currently in use. The SkyEdge II Ku-band network will support both 2G and 3G BTS/Node B sites as part of a migration by SMART from older and less efficient VSAT solutions, and will provide improved bandwidth efficiency and higher throughputs. Gilat's SkyEdge II cellular backhaul solution enables network operators to significantly save on satellite capacity through the use of Dynamic Allocation Multiple Access (DAMA) capabilities which allocate satellite capacity to the site as required, resulting in OPEX savings. The solution also includes sophisticated support of automatic uplink power control that compensates for rain attenuation without additional consumption of space segment, as well as strong QoS and policing, ensuring high quality even during periods of congestion due to excessive data traffic.

 

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