Gilat Satellite Networks (GILT, Financial) has secured a significant contract from a prominent global defense entity. This multimillion-dollar agreement involves the supply of advanced antenna technology, which will be integrated into the organization's sophisticated defense communication systems.
Production and delivery of the antenna systems are set to commence towards the end of 2025. These antennas are engineered to ensure secure and reliable connectivity even under the most challenging conditions, thereby enhancing communication capabilities for defense applications globally.
This latest contract underscores Gilat's dedication to providing high-performance solutions that align with the rigorous standards required by defense operations worldwide. The company's innovative technology is crucial for maintaining robust communication networks for defense organizations, ensuring effective connectivity in any environment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Gilat Satellite Networks Ltd (GILT, Financial) is $8.40 with a high estimate of $8.50 and a low estimate of $8.30. The average target implies an upside of 38.61% from the current price of $6.06. More detailed estimate data can be found on the Gilat Satellite Networks Ltd (GILT) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Gilat Satellite Networks Ltd's (GILT, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Gilat Satellite Networks Ltd (GILT, Financial) in one year is $10.66, suggesting a upside of 75.91% from the current price of $6.06. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Gilat Satellite Networks Ltd (GILT) Summary page.
