GILT Stock Forecast & Price Target

Gilat Satellite Networks Ltd reported a significant increase in commercial revenue of $64.2 million, reflecting a year-over-year growth of 56%, predominantly driven by the acquisition of StellarBlue, which contributed $25 million in the quarter. Additionally, the defense segment demonstrated robust performance with a 34% increase in sales compared to the previous year. These factors indicate a strong competitive position and growth potential within various markets, further enhancing the company's overall outlook.

Gilat Satellite Networks experienced a significant decline in revenue from Peru, reporting $4.8 million, which reflects a 73% year-over-year decrease attributed to delays in project renewals and postponements of major bids. Additionally, the company reported first-quarter revenue of $92 million, a 21% increase year-over-year, yet this figure fell 8% short of the consensus estimate of $100.2 million, indicating challenges in meeting market expectations. Furthermore, the net gain per share (NG EPS) of $0.03 was also $0.03 below the consensus estimate, highlighting ongoing performance issues that may contribute to a negative outlook for the stock.