Last 1,876
Change Today -1.00 / -0.05%
Volume 46.1K
GILT On Other Exchanges
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As of 10:24 AM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

gilat satellite networks ltd (GILT) Snapshot

Open
$1,850
Previous Close
$1,877
Day High
$1,897
Day Low
$1,850
52 Week High
11/19/14 - $1,988
52 Week Low
12/12/13 - $1,420
Market Cap
798.4M
Average Volume 10 Days
24.0K
EPS TTM
$-0.89
Shares Outstanding
42.6M
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.

981 Employees
Last Reported Date: 03/31/14
Founded in 1987

gilat satellite networks ltd (GILT) Top Compensated Officers

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gilat satellite networks ltd (GILT) Key Developments

Gilat Satellite Networks Ltd. Signs Agreements to Provide SkyEdge II-c Terminals

Gilat Satellite Networks Ltd. announced that it has signed agreements to provide SkyEdge II-c terminals to three ISPs subscribing to SES Broadband Services' Astra Connect service offering. Italy's RDN, Switzerland's incumbent Swisscom and the UK's Europasat are distributing Astra Connect Internet services via satellite to enterprise and consumer users in their respective markets. The number of ISPs that have signed up for Astra Connect service using Gilat and other equipment is gaining momentum and represents excellent opportunities for future growth.

Gilat Satellite Networks Ltd. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Revised Financial Guidance for 2014

Gilat Satellite Networks Ltd. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. Revenues for the third quarter of 2014 were $57.1 million, compared to $54.1 million in the second quarter of 2014 and to $51.8 million in the third quarter of 2013. The difference is mostly attributed to the increase in revenues in the Services division and Defense and Mobility division. On a non-GAAP basis, operating income was $3.6 million in the third quarter as compared to operating income of $1.5 million in the second quarter of 2014 and an operating loss of $0.3 million in the comparable quarter of 2013. On a non-GAAP basis, net income for the quarter was $3.0 million or an income of $0.07 per diluted share compared to $0.6 million or $0.01 per diluted share in the second quarter of 2014 and to a net loss of $1.0 million or $0.02 per diluted share in the comparable period in 2013. GAAP operating income for the third quarter was $1.5 million as compared to an operating loss of $0.5 million in the second quarter of 2014 and $2.4 million in the comparable period in 2013. GAAP net income from continuing operations for the quarter was $0.9 million, or $0.02 per diluted share, compared to a net loss from continuing operations of $1.4 million, or a loss of $0.03 per diluted share for the second quarter of 2014 and a net loss from continuing operations of $3.0 million, or a loss of $0.07 per diluted share, in the comparable period in 2013. EBITDA for the third quarter was $6.4 million compared to $3.9 million in the second quarter of 2014 and to $2.3 million in the comparable period in 2013. Income before taxes on income was $1,188,000 against $2,034,000 for the same period of last year. Net cash used in operating activities was $23,587,000 against $5,669,000 for the same period of last year. Purchase of property and equipment was $12,195,000 against $2,817,000 for the same period of last year. For the nine months, on GAAP basis, the company reported revenues of $162,036,000 against $179,138,000 for the same period of last year. Operating income was $5,618,000 against $4,491,000 for the same period of last year. Income before taxes on income was $3,720,000 against loss of $146,000 for the same period of last year. Net income from continuing operations was $2,937,000 against loss of $99,000 for the same period of last year. Net income was $2,937,000 against loss of $99,000 for the same period of last year. Diluted net loss per share from continuing operations was $0.07 against $0.14 for the same period of last year. Diluted net earnings per share was $0.07 against loss of $0.25 for the same period of last year. Net cash used in operating activities was $9,875,000 against $3,133,000 for the same period of last year. Purchase of property and equipment was $1,876,000 against $997,000 for the same period of last year. EBITDA was $6,358,000 against $2,258,000 for the same period of last year. For the nine months, on Non-GAAP basis, the company reported operating loss of $457,000 against $1,377,000 for the same period of last year. Loss before taxes on income was $2,355,000 against $6,014,000 for the same period of last year. Net loss from continuing operations was $3,138,000 against $5,967,000 for the same period of last year. Net loss was $3,933,000 against $10,376,000 for the same period of last year. Diluted net loss per share was $0.09 against $0.25 for the same period of last year. As to its 2014 management objectives, the company believe that Gilat will reach higher profitability than what was mentioned previously with EBIDTA margins of about 10% for the year, although revenues are expected to be slightly lower, at a level of approximately $235 million.

Gilat Satellite Networks Launches Satellite-Cellular Hybrid Terminal

Gilat Satellite Networks Ltd. announced its latest innovation -- the SkyEdge II-c Libra satellite-cellular hybrid terminal. Libra was designed to enable MNOs (Mobile Network Operators) to extend their broadband reach beyond the limits of their existing mobile or DSL (Digital Subscriber Line) infrastructures. It also allows for DTH (Direct-To-Home) service providers to enrich their offerings by adding broadband services. Libra satellite-cellular hybrid terminal enables both MNOs and DTH service providers to grow their business by making the most of their existing infrastructures. The MNOs can enjoy increased ARPU and reduced churn without network congestion. The DTH service providers can easily enhance their portfolios with direct Internet-to-home service by establishing a return path via a cellular network. Taking advantage of the asymmetrical nature of residential broadband traffic, Libra transmits the heavier download traffic via satellite, providing vastly improved download speeds of up to 20Mbps. Because the upload path -- from the end user to the Internet -- requires far less bandwidth, Libra sends the lighter upload data via the MNO's existing cellular network. In addition to a satellite-cellular router, the Libra hybrid terminal includes a standard receive-only antenna and LNB (Low-Noise Block converter) and comes with a self-install option, reducing deployment-related expenses.

 

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