Gilat Satellite Networks (NASDAQ:GILT) Price Target Cut to $11.00 by Analysts at Needham & Company LLC

Key Points

• Needham cut its price target on Gilat Satellite Networks to $11 from $20 but maintained a Buy rating; the new target implies 82.4% upside from the cited share price.
• Gilat beat quarterly EPS estimates, but revenue missed forecasts. The company also lowered its 2026 revenue outlook to $455 million–$475 million from $500 million–$520 million, citing delayed deliveries and projects.
• Third-quarter adjusted EBITDA rose 13% year over year and defense revenue grew 53%; Gilat said its Comtech acquisition remains on track to close by year-end.

Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) had its target price decreased by stock analysts at Needham & Company LLC from $20.00 to $11.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the communications equipment provider's stock. Needham & Company LLC's price objective points to a potential upside of 82.42% from the stock's current price.

Several other equities research analysts have also issued reports on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Gilat Satellite Networks in a research note on Monday, September 14th. William Blair downgraded Gilat Satellite Networks from an "outperform" rating to a "market perform" rating in a research note on Tuesday. One investment 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $11.00.

Gilat Satellite Networks Stock Performance

Shares of NASDAQ:GILT opened at $6.03 on Wednesday. The company has a market capitalization of $445.19 million, a P/E ratio of 10.68 and a beta of 1.15. The company's 50-day moving average is $8.85 and its 200 day moving average is $13.47. 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, November 10th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.04. The business had revenue of $116.23 million during the quarter, compared to the consensus estimate of $126.54 million. Gilat Satellite Networks had a net margin of 6.21% and a return on equity of 10.12%. As a group, research analysts predict that Gilat Satellite Networks will post 0.53 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Phoenix Financial Ltd. raised its holdings in Gilat Satellite Networks by 2.3% during the 3rd quarter. Phoenix Financial Ltd. now owns 3,899,328 shares of the communications equipment provider's stock valued at $38,486,000 after acquiring an additional 87,922 shares during the period. Van ECK Associates Corp lifted its position in shares of Gilat Satellite Networks by 47.3% during the second quarter. Van ECK Associates Corp now owns 1,799,354 shares of the communications equipment provider's stock worth $23,949,000 after acquiring an additional 577,479 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Gilat Satellite Networks by 5.4% in the third quarter. Royce & Associates LP now owns 1,168,325 shares of the communications equipment provider's stock worth $11,531,000 after acquiring an additional 60,253 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Gilat Satellite Networks by 6.3% in 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 acquiring an additional 64,917 shares during the period. Finally, AWM Investment Company Inc. bought a new position in shares of Gilat Satellite Networks in the second quarter worth $13,792,000. 35.72% of the stock is owned by institutional investors.

Key Stories Impacting Gilat Satellite Networks

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

• Positive Sentiment: Third-quarter adjusted EBITDA rose 13% year over year to $17.6 million, while non-GAAP net income increased 21% to $14.3 million. Defense revenue grew 53%. Gilat Reports Third Quarter 2026 Results
• Positive Sentiment: Gilat said its Comtech acquisition remains on track to close by year-end and could more than double defense revenue in 2027, though completion and expected benefits remain subject to conditions. Gilat Reports Third-Quarter 2026 Results; Comtech Acquisition On Track
• Negative Sentiment: 2026 revenue guidance was lowered to $455 million–$475 million from the previously reiterated $500 million–$520 million range, well below the cited analyst consensus of $507.5 million. Management pointed to rescheduled in-flight connectivity terminal deliveries, delays to satellite development and launches, and Peru revenue shifting into 2027. Gilat Satellite Cuts Revenue Outlook As Launch Setbacks Delay Key Orders
• Negative Sentiment: Third-quarter revenue of $116.2 million missed estimates of about $126.5 million and edged down from $117.7 million a year earlier. William Blair also downgraded the stock from “outperform” to “market perform.” Gilat Satellite Networks Shares Fall as Q3 Revenue Misses Estimates
• Negative Sentiment: A law firm announced an investor investigation into potential securities-law violations related to Gilat’s prior revenue guidance and subsequent reduction, adding possible legal uncertainty. Investor Investigation Notice

About Gilat Satellite Networks

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.

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