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

Gilat Satellite Networks (NASDAQ:GILT) had its price target lowered by analysts at Needham & Company LLC from $20.00 to $11.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently 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 company’s current price.

Several other research analysts have also recently weighed in on GILT. Weiss Ratings restated a “hold (c)” rating on shares of Gilat Satellite Networks in a research report on Monday, September 14th. William Blair lowered shares of Gilat Satellite Networks from an “outperform” rating to a “market perform” rating in a research report on Tuesday. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $11.00.

Gilat Satellite Networks Trading Down 20.4%

Gilat Satellite Networks stock opened at $6.03 on Wednesday. Gilat Satellite Networks has a 1-year low of $5.63 and a 1-year high of $20.93. The firm has a market capitalization of $445.19 million, a PE ratio of 10.68 and a beta of 1.15. The firm’s 50 day simple moving average is $8.85 and its 200 day simple moving average is $13.47.

Gilat Satellite Networks (NASDAQ:GILT) last released its quarterly earnings results on Tuesday, November 10th. The communications equipment provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. The firm had revenue of $116.23 million for the quarter, compared to analysts’ expectations of $126.54 million. Gilat Satellite Networks had a return on equity of 10.12% and a net margin of 6.21%. Research analysts forecast that Gilat Satellite Networks will post 0.53 earnings per share for the current year.

Institutional Investors Weigh In On Gilat Satellite Networks

A number of institutional investors have recently made changes to their positions in the business. AWM Investment Company Inc. bought a new position in shares of Gilat Satellite Networks during the 2nd quarter valued at $13,792,000. Van ECK Associates Corp lifted its stake in Gilat Satellite Networks by 47.3% in 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 purchasing an additional 577,479 shares during the last quarter. Swiss National Bank bought a new stake in Gilat Satellite Networks in the first quarter worth $2,159,000. Penn Capital Management Company LLC lifted its stake in 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 worth $2,739,000 after purchasing an additional 138,238 shares during the last quarter. Finally, Phoenix Financial Ltd. boosted its position in 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 valued at $38,486,000 after buying an additional 87,922 shares during the period. Hedge funds and other institutional investors own 35.72% of the company’s stock.

Key Headlines 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

Gilat Satellite Networks Company Profile

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.