The company's stock price has doubled in less than three months.
Gilat Satellite Networks (TASE: GILT; Nasdaq: GILT) has enjoyed positive momentum over the past few months, and in the last two sessions of last week its stock price rose by 11.1%, to close at $14.86 on Friday in New York. A four-year peak that gives the company a market cap of $955 million. In fact, Gilat’s stock price has doubled in less than three months.
Gilat’s stock is dual-listed, and it opened the week in Tel Aviv with a positive arbitrage gap. The company, which provides satellite communications solutions, is headed by Adi Sfadia. Earlier this month it reported orders from a communications provider worth $42 million for its SkyEdge IV platform. These orders are in addition to other orders that Gilat has reported in recent months, from a telecommunications venture in Peru and the US Army, among other customers. Last month, the company completed a $66 million private placement at $9.35 per share, which means that the participating investors have already posted a gain on paper of 59%.
Gilat will release its third quarter financials on November 12. The analysts’ consensus is 50% growth in quarterly revenue to $112 million and a decline in earnings per share to $0.10.
Published by Globes, Israel business news - en.globes.co.il - on October 26, 2025.
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Gilat Satellite Networks antenna credit: PR