Needham & Company LLC Reaffirms Buy Rating for Gilat Satellite Networks (NASDAQ:GILT)

Gilat Satellite Networks (NASDAQ:GILT)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $20.00 price target on the communications equipment provider’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 45.99% from the company’s previous close.

GILT has been the topic of a number of other research reports. Freedom Capital downgraded Gilat Satellite Networks from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gilat Satellite Networks in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Gilat Satellite Networks from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Gilat Satellite Networks currently has an average rating of “Hold” and an average price target of $20.00.

Gilat Satellite Networks Stock Performance

GILT opened at $13.70 on Tuesday. The company has a 50 day simple moving average of $15.27 and a two-hundred day simple moving average of $12.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.45. The firm has a market cap of $783.78 million, a P/E ratio of 41.52 and a beta of 0.82. Gilat Satellite Networks has a 1-year low of $5.30 and a 1-year high of $20.38.

Gilat Satellite Networks (NASDAQ:GILT) last released its quarterly earnings results on Tuesday, February 10th. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. Gilat Satellite Networks had a net margin of 4.59% and a return on equity of 11.63%. The company had revenue of $136.96 million for the quarter, compared to the consensus estimate of $133.56 million. Equities analysts forecast that Gilat Satellite Networks will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gilat Satellite Networks

Institutional investors and hedge funds have recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Gilat Satellite Networks by 118.2% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,154,120 shares of the communications equipment provider’s stock worth $51,992,000 after purchasing an additional 2,250,000 shares during the last quarter. First Wilshire Securities Management Inc. lifted its holdings in shares of Gilat Satellite Networks by 1.0% in the 2nd quarter. First Wilshire Securities Management Inc. now owns 1,468,035 shares of the communications equipment provider’s stock valued at $10,408,000 after buying an additional 14,782 shares during the period. Royce & Associates LP boosted its stake in shares of Gilat Satellite Networks by 12.4% in the third quarter. Royce & Associates LP now owns 1,198,560 shares of the communications equipment provider’s stock worth $15,605,000 after buying an additional 132,599 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of Gilat Satellite Networks by 831.1% in the third quarter. Penserra Capital Management LLC now owns 1,193,094 shares of the communications equipment provider’s stock worth $15,533,000 after buying an additional 1,064,959 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in Gilat Satellite Networks by 62.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,091,053 shares of the communications equipment provider’s stock worth $14,206,000 after acquiring an additional 419,843 shares during the period. Institutional investors and hedge funds own 35.72% of the company’s stock.

Trending Headlines about Gilat Satellite Networks

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

• Positive Sentiment: Q4 beat on sales and non-GAAP EPS — Gilat reported Q4 revenue of ~$137.0M (up ~75% YoY) and non-GAAP EPS $0.20, beating consensus; adjusted EBITDA was strong. Gilat Satellite Non-GAAP EPS of $0.20 beats
• Positive Sentiment: Strong 2026 guidance — Management guided revenue to $500–$520M and adjusted EBITDA to $61–$66M (double‑digit growth implied), signaling continued top-line momentum and a healthy backlog. Gilat Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Analyst support — Needham reaffirmed a Buy rating with a $20 price target (~46% upside from the current price), which may support longer-term upside if execution continues. Needham buy rating and $20 PT
• Neutral Sentiment: Balance sheet and cash actions — Company completed an oversubscribed private placement (~$100M), increased cash/short-term deposits and shows sizable net cash, supporting M&A and capex optionality. Quiver Quant summary
• Neutral Sentiment: Short-interest data shows no meaningful short-covering signal (reported zero shares in the recent snapshots), so today’s move is likely driven by fundamentals and sentiment rather than a shift in short positioning.
• Negative Sentiment: Stock sold off despite the beat — Several outlets report a notable intraday decline as investors parsed the outlook and profitability dynamics; concerns center on lower GAAP net income vs. prior year, rising operating expenses, acquisition- and integration-related charges, and margin pressure. Gilat shares tumble despite Q4 beat
• Negative Sentiment: Profitability nuance — GAAP net income declined YoY for the period and full-year operating income fell vs. 2024; some analysts/commentary flagged that revenue growth isn’t yet translating into proportional GAAP earnings expansion. Why Gilat Satellite Stock Just Crashed

About Gilat Satellite Networks

Gilat Satellite Networks is a leading provider of satellite-based broadband connectivity solutions, specializing in the design, development and deployment of ground segment equipment and network services. The company’s core offerings include Very Small Aperture Terminal (VSAT) modems and hub systems, network management software, and end-to-end satellite communication platforms. These technologies enable broadband Internet access, enterprise networking, and cellular backhaul in regions where terrestrial infrastructure is limited or non-existent.

Founded in 1987 and headquartered in Petah Tikva, Israel, Gilat has established a track record of innovation in satellite communications.