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Last 1,356
Change Today 0.00 / 0.00%
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As of 7:24 AM 10/1/15 All times are local (Market data is delayed by at least 15 minutes).

gilat satellite networks ltd (GILT) Snapshot

Previous Close
Day High
Day Low
52 Week High
04/7/15 - $2,730
52 Week Low
09/24/15 - $1,306
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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

Gilat Satellite Networks Ltd. Signs Agreement with Major Satellite Broadband Provider to Deliver High-Performance Dual Ku/Ka-Band Terminal for the High Growth In-Flight Connectivity Market

Gilat Satellite Networks Ltd. announced that it has signed a long-term agreement to develop and supply high-performance dual Ku/Ka-band terminals for in-flight connectivity (IFC) on commercial aircraft. Benefitting from Gilat's longstanding expertise in high-performance and low-profile antenna design, the new Ku/Ka-band in-flight connectivity solution will enable IFC service providers to deliver global and continuous broadband coverage on commercial aircraft. Gilat will develop and provide a dual Ku/Ka-band antenna with its proprietary power amplifiers (KRFU and KANDU). The antenna is also intended to meet the requirements for future line fit installations. This unique competitive configuration offers a scalable, cost-effective global bandwidth solution to meet growing broadband requirements, to optimize bandwidth allocation and to ensure continuous coverage on more airline routes. Rollout is expected in 2017.

Gilat Satellite Networks Ltd. Provides Earnings Guidance for the Second Half of 2015; Revised Earnings Guidance for the Full Year of 2015

Gilat Satellite Networks Ltd. provided earnings guidance for the second half of 2015. For the second half, based on preliminary estimates, the company expects revenue to be between $120 million to $130 million and EBITDA to be between $8 million to $10 million. For the full year, the company's revenues for the full year of 2015 are expected to be between $210 million and $220 million and EBITDA between $6 million to $8 million. Revision is due to recent decisions to delay several large-scale projects by its customers, mainly in Mexico and Russia and in defense-related activities. In February, the company said it expected to reach revenues between $250 million and $260 million and EBIDTA between $26 million to $28 million for the year.

Nordnet Orders Gilat Skyedge Ii-C Hts Consumer Kits for High-Speed Internet Access in France

Gilat Satellite Networks Ltd. announced that Nordnet ordered Gilat's SkyEdge II-c consumer kits for the delivery of high-speed Internet access to households throughout the country. Gilat's SkyEdge II-c consumer kits will be part of Nordnet's "Star" package, which bundles together satellite-based Internet, telephone and TV services.


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