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Last 1,648
Change Today 0.00 / 0.00%
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GILT On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
Tel Aviv
As of 10:24 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

gilat satellite networks ltd (GILT) Snapshot

Open
$1,670
Previous Close
$1,670
Day High
$1,680
Day Low
$1,641
52 Week High
04/7/15 - $2,730
52 Week Low
08/24/15 - $1,601
Market Cap
721.4M
Average Volume 10 Days
33.2K
EPS TTM
$-0.26
Shares Outstanding
43.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GILAT SATELLITE NETWORKS LTD (GILT)

gilat satellite networks ltd (GILT) Related Businessweek News

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gilat satellite networks ltd (GILT) Details

Gilat Satellite Networks Ltd., together with its subsidiaries, provides broadband satellite communication and networking solutions and services worldwide. The company operates through three divisions: Commercial, Mobility, and Services. The Commercial division provides very small aperture terminal (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 Mobility 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. 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.

936 Employees
Last Reported Date: 04/1/15
Founded in 1987

gilat satellite networks ltd (GILT) Top Compensated Officers

Chief Operating Officer
Total Annual Compensation: $211.0K
Corporate Vice President and President of Gil...
Total Annual Compensation: $241.4K
Corporate Vice President and President of Mob...
Total Annual Compensation: $239.2K
Compensation as of Fiscal Year 2014.

gilat satellite networks ltd (GILT) Key Developments

GeoTelecommunications Selects Gilat's SkyEdge II-c Platform for Enterprise and Consumer Markets in Russia

Gilat Satellite Networks Ltd. announced that GeoTelecommunications, LLC (GT Telecom) selected Gilat's SkyEdge II-c platform for the delivery of high-speed Internet access to business and households throughout the region. Gilat's SkyEdge II-c platform, which will replace an existing VSAT network, was chosen after a long and thorough evaluation process. GT Telecom's due diligence process included the evaluation of all major VSAT competitors as well as extensive testing of Gilat's equipment.

Gilat Satellite Networks Enters Partnership with Space Star Technology Co to Provide Satellite Communications Network for ChinaSat 16

Gilat Satellite Networks is entering into a partnership with China's Space Star Technology Co (SSTC), in which SSTC and Gilat will jointly provide the satellite communications network for ChinaSat 16, the first Ka-band multi-spot-beam High Throughput Satellite (HTS) in China. Multiple network segments and VSAT terminals will use Gilat's SkyEdge 2-c technology, per the agreement. The SkyEdge 2-c network is expected to bring high speed fixed and mobile services, including airborne, maritime, train and land mobility throughout the country. Gilat will also share its knowledge of satellite-enabled applications with SSTC.

Gilat Satellite Networks Ltd. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reiterates Earnings Guidance for the Year 2015

Gilat Satellite Networks Ltd. reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $44,324,000 against $54,050,000 a year ago. Non-GAAP revenues were $44,324,000 against $54,050,000 a year ago. Operating loss was $7,205,000 against $482,000 a year ago. Non-GAAP operating loss was $5,181,000 against non-GAAP operating income of $1,525,000 a year ago. Loss before taxes on income was $8,764,000 against $997,000 a year ago. Non-GAAP loss before taxes on income was $6,740,000 against income before taxes on income of $1,010,000 a year ago. Net loss from continuing operations was $9,082,000 against $1,431,000 a year ago. Non-GAAP net loss from continuing operations was $7,058,000 against net profit from continuing operations of $576,000 a year ago. Net loss was $9,082,000 against $1,423,000 a year ago. Non-GAAP net loss was $7,058,000 against net profit of $576,000 a year ago. Basic and diluted net loss per share from continuing operations was $0.21 against $0.03 per share a year ago. Non-GAAP net loss per share basic and diluted from continuing operations was $0.16 against net profit per share basic and diluted from continuing operations of $0.01 per share a year ago. Net cash used in operating activities was $3,483,000 against $7,781,000 a year ago. Purchase of property and equipment was $1,098,000 against $9,794,000 a year ago. LBITDA was $2,529,000 against EBITDA of $3,869,000 a year ago. For the six months, the company reported revenues of $89,514,324,000 against $104,901,000 a year ago. Non-GAAP revenues were $89,514,000 against $104,901,000 a year ago. Operating loss was $11,211,000 against $1,994,000 a year ago. Non-GAAP operating loss was $7,248,000 against non-GAAP operating income of $2,047,000 a year ago. Loss before taxes on income was $14,121,000 against $3,543,000 a year ago. Non-GAAP loss before taxes on income was $10,158,000 against income before taxes on income of $498,000 a year ago. Net loss from continuing operations was $14,688,000 against $4,067,000 a year ago. Non-GAAP net loss from continuing operations was $10,725,000 against $26,000 a year ago. Net loss was $14,688,000 against $4,110,000 a year ago. Non-GAAP net loss was $10,725,000 against $26,000 a year ago. Basic and diluted net loss per share from continuing operations was $0.34 against $0.10 per share a year ago. Non-GAAP net loss per share basic and diluted from continuing operations was $0.25 against $0.00 per share a year ago. Net cash used in operating activities was $9,154,000 against $13,712,000 a year ago. Purchase of property and equipment was $1,839,000 against $10,319,000 a year ago. LBITDA was $2,349,000 against EBITDA of $6,654,000 a year ago. For the year 2015, the company reiterates revenue target of $250 million to $260 million and an EBITDA target of $20 million to $21 million.

 

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