Here, too, I remain invested.
Major order from India: Nelco orders a multi-million SkyEdge IV hub platform to build a new Ka-bandto build a new Ka-band network via the GSAT-N2 satellite.
Applications: Inflight connectivity, cellular backhaul and enterprise connectivity in remote regions.
Strong share price performance: +185 % in 12 months; market capitalization now USD 1.43 billion.
Solid financial position: According to InvestingPro, Gilat holds more cash than debt and is profitable.
More positive news:
- US DoD order > USD 7 million for EnduroStream amplifier
- Multi-million order for AeroStream Ka-band amplifier
- Successful demonstration of 5G NTN via GEO satellite
Analyst reaction: Freedom Capital Markets upgrades stock Buy up, price target 18 USD.
