GILT
Gilat Satellite (GILT)
NASDAQ
$12.59+$0.02 (+0.16%)
Price as of Jun 23, 2026 6:33 PM EDT
  • $682.7M
    Market Cap
  • 90.17%
    1-Year Change
  • Communication Equipment
    Industry

Key Performance

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  • Earnings Score: N/A
  • Momentum Score: 88
  • True Yield: N/A
  • Financial Health Score: N/A
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Latest Research & News

Why Comtech Telecommunications Shares Are Falling On Wednesday?

Comtech Telecommunications (CMTL) shares fell 11.04% on Wednesday following the announcement of plans to sell most of its Satellite and Space Communications segment to Gilat Satellite Networks (GILT) for $157.5 million. The company will receive approximately $143-145 million in net proceeds to reduce debt. Despite beating earnings estimates on loss per share, Comtech missed revenue expectations and reported a widened operating loss, though it maintained positive operating cash flow for the fifth consecutive quarter.

06/17/2026, 12:07 PM • Benzinga

Comtech Sells Satellite Unit To Gilat: What Happens Next?

Comtech Telecom agreed to sell most of its Satellite and Space Communications segment to Gilat Satellite Networks for $157.5 million. The transaction is expected to close in Q4 2026. Comtech reported fiscal Q3 results beating earnings estimates with an adjusted loss of 22 cents per share versus expected 27 cents, though revenue missed expectations at $106.0 million versus $110.2 million. The company plans to use net proceeds of $143-145 million to reduce debt and focus on its public safety technology business.

06/15/2026, 9:03 AM • Benzinga

Gilat to Acquire Comtech's Satellite & Space Communications Segment¹ Creating a Leading Provider of Advanced Defense and Satellite Communications Solutions

Gilat Satellite Networks has agreed to acquire Comtech Telecommunications' Satellite & Space Communications segment for $157.5 million in cash. The transformative deal is expected to create a company with over $700 million in projected annual revenue, more than doubling Gilat Defense's revenue. The acquisition adds satellite ground infrastructure capabilities, Troposcatter BLOS communications, and expands access to U.S. defense agencies and space customers. Closing is expected by end of 2026, subject to regulatory approvals.

06/15/2026, 6:05 AM • Benzinga

Peers

Statistics

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Day Range
$12.39
$13.11
$12.57
1-Year Range
$6.61
$20.85
$12.57
Latest Close$12.57
Change
-$0.62 (-4.93%)
Volume821,040
Market Cap$682.7M
Shares Outstanding54.3M
P/E (TTM)36.97
Diluted EPS (TTM)$0.34
Enterprise Value$515.7M

Information as of 06/22/2026

Company Profile

GILAT SATELLITE NETWORKS LTD
GILAT SATELLITE NETWORKS LTD
https://www.gilat.com
$682.7M
Market Cap
$20.7M
Net Income
Sector: Technology
Industry: Communication Equipment
Gilat House, Petah Tikva, Israel, 4913020
972 3 925 2000

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. The company designs and manufactures ground-based satellite communications equipment. Its portfolio consists of cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the-move antennas, ESA antennas, solid state power amplifiers, block upconverters, transceivers, and transportable and portable terminals. The company also develops, manufactures, and supplies products and solutions for mission-critical defense and broadcast satellite communications systems, advanced on-the-move and on-the-pause satellite communications equipment, systems, and solutions, including airborne, ground-mobile satellite systems and solutions; and provides terrestrial, including fiber optic and wireless network, and satellite network construction and operation services. In addition, it provides managed satellite network services, network planning and optimization, remote network operation, call center support, hub and field operations, and communication networks construction and installation services; connectivity services, internet access, and telephony services; and builds telecommunication infrastructure using fiber-optic and wireless technologies for broadband connectivity. The company sells its products and solutions to communication service providers, satellite operators, Mobile Network Operators, and system integrators that use satellite communications to serve enterprise, social inclusion solutions, and government and residential users; and defense and homeland security organizations, as well as directly to end-users. Gilat Satellite Networks Ltd. was incorporated in 1987 and is headquartered in Petah Tikva, Israel.

Key Executives

  • Adi Sfadia
  • Gilad Landsberg
  • Ron Levin
  • Aharon Mullokandov
  • Gil Benyamini

Current Ownership Distribution

  • Institutions351.0M (93.06%)
  • Mutual Funds26.1M (6.93%)
  • Insiders57,723 (0.02%)
  • Other0 (0.00%)