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The latest update is out from Gilat ( (GILT) ).
Gilat Satellite Networks Ltd. announced receiving orders exceeding $3 million for their Gateway Solid State Power Amplifiers (SSPAs) to support Low Earth Orbit (LEO) constellations. These orders emphasize Gilat’s position as a key provider of RF solutions for Non-Geostationary Satellite Orbit (NGSO) networks, highlighting the industry’s trust in their technology. This development is expected to enhance Gilat’s influence in the satellite communication sector, supporting the growing demand for global connectivity through LEO constellations.
More about Gilat
Gilat Satellite Networks Ltd. is a prominent global provider of satellite-based broadband communications, with over 35 years of experience in delivering technology solutions for satellite, ground, and new space connectivity. The company offers comprehensive solutions and services for mission-critical operations, including a diverse portfolio for multiple orbit constellations and very high throughput satellites. Gilat specializes in cloud-based platforms, high-performance satellite terminals, and various satellite communication products and services for applications such as broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, and government.
YTD Price Performance: 2.11%
Average Trading Volume: 302,124
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $358.1M
Learn more about GILT stock on TipRanks’ Stock Analysis page.
