GILT Stock Forecast & Price Target

Gilat Satellite Networks Ltd reported a significant commercial revenue increase of 56% year-over-year, reaching $64.2 million, driven largely by the acquisition of StellarBlue, which contributed $25 million in the quarter. This growth indicates the company's effective strategy in expanding its market presence through acquisitions, despite organic revenue remaining flat year-over-year. Additionally, the defense segment experienced robust sales growth of 34% year-over-year, highlighting a strengthening demand for satellite communications solutions across various critical sectors.

Gilat Satellite Networks reported a significant decline in revenue from its Peru operations, posting $4.8 million and reflecting a 73% year-over-year decrease, attributed to project delays and bid postponements. For the first fiscal quarter of 2025, the company achieved a revenue of $92 million, which was 8% below market expectations, coupled with a net gain per share of $0.03 that fell short of the consensus estimate by $0.03. These financial results indicate challenges in project execution and slower-than-anticipated growth, contributing to a negative outlook for the company's stock.