Gilat Satellite Networks (NASDAQ:GILT) Hits New 1-Year Low on Analyst Downgrade

Shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT) reached a new 52-week low during trading on Tuesday after William Blair downgraded the stock from an outperform rating to a market perform rating. The stock traded as low as $5.63 and last traded at $6.03, with a volume of 4,129,466 shares traded. The stock had previously closed at $7.58.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Gilat Satellite Networks in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Gilat Satellite Networks has an average rating of “Moderate Buy” and an average price target of $20.00.

More Gilat Satellite Networks News

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

• Positive Sentiment: Adjusted EBITDA rose 13% year over year to $17.6 million, and non-GAAP net income increased 21% to $14.3 million. Defense revenue grew 53%, providing a growth bright spot. Gilat Reports Third Quarter 2026 Results
• Positive Sentiment: The Comtech acquisition remains on track to close by year-end; Gilat expects the deal to more than double defense revenue in 2027, though completion and benefits are not assured. Gilat Reports Third-Quarter 2026 Results; Comtech Acquisition On Track
• Negative Sentiment: Q3 revenue of $116.2 million fell short of the roughly $126.5 million consensus estimate and was slightly below the year-ago quarter. The reported $0.18 non-GAAP EPS beat expectations, but did not offset the revenue miss. Gilat Satellite Networks Shares Fall as Q3 Revenue Misses Estimates
• Negative Sentiment: Gilat cut its 2026 revenue outlook to $455 million–$475 million, well below the approximately $507.5 million analyst consensus. It cited delayed in-flight connectivity terminal deliveries, satellite development and launch setbacks, and Peru revenue shifting into 2027. Gilat Satellite Cuts Revenue Outlook as Launch Setbacks Delay Key Orders
• Negative Sentiment: William Blair downgraded GILT from “outperform” to “market perform,” adding to pressure on sentiment.

Hedge Funds Weigh In On Gilat Satellite Networks

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP raised its stake in Gilat Satellite Networks by 6.3% during the second quarter. Wellington Management Group LLP now owns 1,094,623 shares of the communications equipment provider’s stock worth $14,569,000 after purchasing an additional 64,917 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Gilat Satellite Networks by 47.3% in the 2nd quarter. Van ECK Associates Corp now owns 1,799,354 shares of the communications equipment provider’s stock valued at $23,949,000 after purchasing an additional 577,479 shares during the last quarter. AWM Investment Company Inc. acquired a new position in shares of Gilat Satellite Networks in the 2nd quarter valued at $13,792,000. Penn Capital Management Company LLC grew its stake in shares of Gilat Satellite Networks by 292.6% during the 2nd quarter. Penn Capital Management Company LLC now owns 139,273 shares of the communications equipment provider’s stock valued at $1,854,000 after buying an additional 103,798 shares during the period. Finally, Squarepoint Ops LLC grew its stake in shares of Gilat Satellite Networks by 488.5% during the 2nd quarter. Squarepoint Ops LLC now owns 85,173 shares of the communications equipment provider’s stock valued at $1,134,000 after buying an additional 70,701 shares during the period. Institutional investors and hedge funds own 35.72% of the company’s stock.

Gilat Satellite Networks Trading Down 20.4%

The company has a market capitalization of $445.19 million, a PE ratio of 10.68 and a beta of 1.15. The company’s 50 day moving average price is $8.85 and its 200-day moving average price is $13.47.

Gilat Satellite Networks (NASDAQ:GILT) last issued its earnings results on Tuesday, November 10th. The communications equipment provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.04. The business had revenue of $116.23 million for the quarter, compared to analyst estimates of $126.54 million. Gilat Satellite Networks had a return on equity of 10.12% and a net margin of 6.21%. As a group, analysts predict that Gilat Satellite Networks Ltd. will post 0.53 earnings per share for the current year.

Gilat Satellite Networks Company Profile

Gilat Satellite Networks is an Israel-based provider of satellite communications technology and services. Founded in 1987, the company develops equipment and network solutions that enable broadband connectivity in areas where terrestrial networks are limited or unavailable. Its offerings include very small aperture terminal (VSAT) equipment, satellite modems, hubs, gateways and network management systems. Gilat also provides satellite communications solutions for cellular backhaul, enterprise and rural broadband, in-flight and maritime connectivity, and government and defense applications.