Gilat Satellite Networks (NASDAQ:GILT) Stock Gets Downgrade from 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 report released on Tuesday, Briefing.com reports.

Separately, Weiss Ratings restated 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 given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $20.00.

Gilat Satellite Networks Trading Down 23.7%

Shares of GILT traded down $1.80 during midday trading 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 market cap of $426.74 million, a PE ratio of 13.18 and a beta of 1.15. The firm has a 50 day simple moving average of $8.93 and a 200-day simple moving average of $13.53. Gilat Satellite Networks has a one year low of $5.63 and a one year high of $20.93.

Gilat Satellite Networks (NASDAQ:GILT) last issued 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 analysts’ expectations of $126.54 million. As a group, research analysts forecast that Gilat Satellite Networks will post 0.53 EPS for the current fiscal year.

Institutional Trading of Gilat Satellite Networks

Several hedge funds and other institutional investors have recently modified their holdings of GILT. Royce & Associates LP increased its position in Gilat Satellite Networks by 5.4% during the 3rd quarter. Royce & Associates LP now owns 1,168,325 shares of the communications equipment provider’s stock worth $11,531,000 after buying an additional 60,253 shares during the period. Phoenix Financial Ltd. lifted its holdings in shares of Gilat Satellite Networks by 2.3% during the third quarter. Phoenix Financial Ltd. now owns 3,899,328 shares of the communications equipment provider’s stock worth $38,486,000 after buying an additional 87,922 shares in the last quarter. Penn Capital Management Company LLC boosted its position in shares of Gilat Satellite Networks by 99.3% in the third quarter. Penn Capital Management Company LLC now owns 277,511 shares of the communications equipment provider’s stock valued at $2,739,000 after acquiring an additional 138,238 shares during the period. StoneX Group Inc. bought a new position in Gilat Satellite Networks during the third quarter worth about $120,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings 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 valued at $251,000 after purchasing an additional 8,163 shares during the period. Institutional investors own 35.72% of the company’s stock.

Gilat Satellite Networks News Summary

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

About Gilat Satellite Networks

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.