Gilat Satellite Networks (NASDAQ:GILT) Shares Gap Down – Time to Sell?

Gilat Satellite Networks Ltd. (NASDAQ:GILT) shares gapped down prior to trading on Wednesday . The stock had previously closed at $19.91, but opened at $16.20. Gilat Satellite Networks shares last traded at $15.4090, with a volume of 796,794 shares changing hands.

Key Headlines Impacting Gilat Satellite Networks

Here are the key news stories impacting Gilat Satellite Networks this week:

• Positive Sentiment: Gilat beat Q1 2026 earnings estimates, reporting $0.18 EPS versus consensus of $0.04, and swung to GAAP net income of $5.2 million from a loss a year ago. Article title
• Positive Sentiment: Management said Q1 revenue rose 20% year over year to $110.5 million, with adjusted EBITDA doubling to $15.1 million and operating income turning positive. Article title
• Positive Sentiment: Gilat reaffirmed 2026 guidance, calling for $500 million to $520 million in revenue and $61 million to $66 million in adjusted EBITDA, which signals confidence in continued growth. Article title
• Neutral Sentiment: Recent business wins in India, U.S. defense, aviation connectivity, and ESA terminals support the company’s growth story, but these appear to be longer-term catalysts rather than immediate drivers. Article title
• Negative Sentiment: Revenue of $110.47 million missed analysts’ estimate of $114.56 million, which likely pressured the stock despite the earnings beat. Article title

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Freedom Capital upgraded shares of Gilat Satellite Networks from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Wall Street Zen lowered shares of Gilat Satellite Networks from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $20.00 price objective on shares of Gilat Satellite Networks in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Gilat Satellite Networks presently has an average rating of “Moderate Buy” and an average target price of $20.00.

Gilat Satellite Networks Stock Performance

The stock’s 50-day moving average is $17.45 and its 200 day moving average is $15.46. The stock has a market capitalization of $1.19 billion, a PE ratio of 31.53 and a beta of 1.05.

Gilat Satellite Networks (NASDAQ:GILT) last issued its quarterly earnings data on Wednesday, May 13th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.14. Gilat Satellite Networks had a net margin of 6.80% and a return on equity of 12.62%. The company had revenue of $110.47 million for the quarter, compared to the consensus estimate of $114.56 million. Analysts expect that Gilat Satellite Networks Ltd. will post 0.47 earnings per share for the current year.

Insider Buying and Selling at Gilat Satellite Networks

In other Gilat Satellite Networks news, insider Doron Kerbel sold 7,500 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $18.03, for a total transaction of $135,225.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Adi Sfadia sold 48,978 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $16.85, for a total transaction of $825,279.30. The disclosure for this sale is available in the SEC filing. Company insiders own 1.13% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GILT. Clal Insurance Enterprises Holdings Ltd grew its position in Gilat Satellite Networks by 118.2% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,154,120 shares of the communications equipment provider’s stock worth $51,992,000 after purchasing an additional 2,250,000 shares during the last quarter. Penserra Capital Management LLC grew its position in Gilat Satellite Networks by 831.1% during the 3rd quarter. Penserra Capital Management LLC now owns 1,193,094 shares of the communications equipment provider’s stock worth $15,533,000 after purchasing an additional 1,064,959 shares during the last quarter. Defiance ETFs LLC purchased a new position in Gilat Satellite Networks during the 4th quarter worth $13,555,000. UBS Group AG grew its position in Gilat Satellite Networks by 613.4% during the 3rd quarter. UBS Group AG now owns 963,547 shares of the communications equipment provider’s stock worth $12,545,000 after purchasing an additional 828,489 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Gilat Satellite Networks by 995.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 907,794 shares of the communications equipment provider’s stock worth $11,755,000 after acquiring an additional 824,949 shares during the period. 35.72% of the stock is owned by hedge funds and other institutional investors.

Gilat Satellite Networks Company Profile

Gilat Satellite Networks is a leading provider of satellite-based broadband connectivity solutions, specializing in the design, development and deployment of ground segment equipment and network services. The company’s core offerings include Very Small Aperture Terminal (VSAT) modems and hub systems, network management software, and end-to-end satellite communication platforms. These technologies enable broadband Internet access, enterprise networking, and cellular backhaul in regions where terrestrial infrastructure is limited or non-existent.

Founded in 1987 and headquartered in Petah Tikva, Israel, Gilat has established a track record of innovation in satellite communications.