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

Key Points

• Gilat shares hit a 52-week low, falling to $5.63 after William Blair downgraded the stock from “outperform” to “market perform.”
• Third-quarter revenue of $116.2 million missed analyst expectations of $126.5 million, although non-GAAP EPS beat estimates and adjusted EBITDA rose 13% year over year.
• Gilat cut its 2026 revenue forecast to $455 million–$475 million, citing delivery and launch delays; meanwhile, its Comtech acquisition remains on track to close by year-end.

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

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Gilat Satellite Networks in a report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.00.

Trending Headlines about Gilat Satellite Networks

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

Several hedge funds have recently bought and sold shares of the stock. Royce & Associates LP lifted its position 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 valued at $11,531,000 after acquiring an additional 60,253 shares in the last quarter. Phoenix Financial Ltd. increased its position 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 worth $38,486,000 after purchasing an additional 87,922 shares in the last quarter. Penn Capital Management Company LLC increased its position in Gilat Satellite Networks by 99.3% during the 3rd quarter. Penn Capital Management Company LLC now owns 277,511 shares of the communications equipment provider's stock worth $2,739,000 after purchasing an additional 138,238 shares in the last quarter. StoneX Group Inc. purchased a new stake in Gilat Satellite Networks during the 3rd quarter worth about $120,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Gilat Satellite Networks by 47.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 25,384 shares of the communications equipment provider's stock worth $251,000 after purchasing an additional 8,163 shares in the last quarter. Hedge funds and other institutional investors own 35.72% of the company's stock.

Gilat Satellite Networks Trading Down 20.4%

The firm's 50 day moving average is $8.85 and its two-hundred day moving average is $13.47. The stock has a market cap of $445.19 million, a price-to-earnings ratio of 10.68 and a beta of 1.15.

Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) last released its earnings results on Tuesday, November 10th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.04. Gilat Satellite Networks had a net margin of 6.21% and a return on equity of 10.12%. The company had revenue of $116.23 million for the quarter, compared to analyst estimates of $126.54 million. As a group, equities analysts expect that Gilat Satellite Networks Ltd. will post 0.53 EPS for the current fiscal year.

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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