Gilat Satellite Networks (NASDAQ:GILT) Stock Rating Cut to “Market Perform” at William Blair

Gilat Satellite Networks (NASDAQ:GILT) was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday, Briefing.com reports.

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

Gilat Satellite Networks Trading Down 23.7%

GILT traded down $1.80 on Tuesday, reaching $5.78. The stock had a trading volume of 2,787,893 shares, compared to its average volume of 833,080. The firm has a 50-day moving average of $8.93 and a 200-day moving average of $13.53. The company has a market capitalization of $426.74 million, a price-to-earnings ratio of 13.18 and a beta of 1.15. Gilat Satellite Networks has a fifty-two week low of $5.63 and a fifty-two week high of $20.93.

Gilat Satellite Networks (NASDAQ:GILT) last released its quarterly earnings results on Tuesday, November 10th. The communications equipment provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The firm 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%. Sell-side analysts anticipate that Gilat Satellite Networks will post 0.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Gilat Satellite Networks

A number of hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its holdings in shares of Gilat Satellite Networks by 103.4% during the second quarter. NewEdge Advisors LLC now owns 2,091 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 1,063 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Gilat Satellite Networks by 47.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 25,384 shares of the communications equipment provider’s stock worth $251,000 after buying an additional 8,163 shares during the last quarter. Seven Mile Advisory purchased a new position in Gilat Satellite Networks in the 3rd quarter worth about $105,000. Bank of America Corp DE lifted its stake in Gilat Satellite Networks by 41.6% during the 2nd quarter. Bank of America Corp DE now owns 36,326 shares of the communications equipment provider’s stock valued at $483,000 after acquiring an additional 10,668 shares during the period. Finally, Vontobel Holding Ltd. lifted its stake in Gilat Satellite Networks by 69.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 26,478 shares of the communications equipment provider’s stock valued at $261,000 after acquiring an additional 10,854 shares during the period. 35.72% of the stock is currently owned by institutional investors.

Key Gilat Satellite Networks News

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

• Positive Sentiment: Q3 diluted non-GAAP EPS was $0.18, above estimates, while adjusted EBITDA rose 13% year over year to $17.6 million and non-GAAP net income increased 21% to $14.3 million. Gilat Satellite (GILT) Surpasses Q3 Earnings Estimates
• Positive Sentiment: Defense revenue grew 53% year over year. Gilat said its Comtech acquisition remains on track to close by year-end and is expected to more than double Defense revenue in 2027, though completion and benefits remain subject to conditions. Gilat Q3 results and Comtech acquisition update
• Negative Sentiment: Gilat forecast 2026 revenue of $455 million–$475 million, below the cited $507.5 million analyst consensus. Management pointed to rescheduled terminal deliveries, delays in satellite development and launches, and Peru agreements shifting revenue into 2027. The weaker outlook is the clearest near-term pressure on the shares. Gilat Reports Third Quarter 2026 Results
• Negative Sentiment: Revenue was $116.2 million, below the $126.5 million analyst estimate and slightly lower than a year earlier. Management also cited competitive pressure from vertically integrated LEO providers and bad-debt write-offs connected to Hughes Network Systems’ Chapter 11 filing. Gilat third-quarter earnings results

Gilat Satellite Networks Company Profile

Gilat Satellite Networks Ltd. is an Israel-based provider of satellite networking technology and services. The company develops and supplies very small aperture terminal (VSAT) systems, satellite hubs, antennas, modems and related ground infrastructure used to deliver broadband connectivity and other communications services. Gilat’s solutions support telecommunications operators, internet service providers, enterprises, governments and defense organizations. Its offerings are used for cellular backhaul and access, enterprise networking, community broadband, in-flight connectivity, maritime communications, mobility applications and other situations where terrestrial networks may be unavailable or insufficient.