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Gilat secures orders worth 60 million US dollars for broadband expansion in Peru

$GILT (-1,95 %)

Hello my dears, I'm simply staying in the future and growth sector of aerospace 🚀📡🛰️


PETAH TIKVA, Israel - Gilat Satellite Networks Ltd (NASDAQ:GILT, TASE:GILT), a $450 million market capitalization company whose share price has risen nearly 75% in the past year, announced on Tuesday that its Peruvian subsidiary has received orders worth about $60 million from Peru's national telecommunications program Pronatel. According to data from InvestingPro, the company is showing strong momentum, trading near its 52-week high of $8.17.


The contracts are for the expansion of regional broadband infrastructure in the regions of Apurímac, Huancavelica and Ayacucho. According to the company's press release, the project will provide almost 800 public institutions, including schools, health centers and police stations in 280 towns, with high-speed internet at 200 Mbit/s.


The migration is scheduled to take place over the next 12 months and the services will be provided over a period of four years.


Arieh Rohrstock, Corporate Senior Vice President and President of Gilat Peru, said: "Thanks to our extensive experience in implementing complex connectivity projects throughout Peru, we are well qualified to carry out this critical migration in record time."


The aim of the infrastructure modernization is to improve digital access in rural communities by providing connectivity for education, healthcare and public services.


Gilat Satellite Networks, headquartered in Israel, provides satellite-based broadband communications in the commercial and military markets. The company has been in business for over 35 years, according to the announcement.


The project represents a continuation of the existing relationship between Gilat and the Peruvian government in the development of telecommunications infrastructure in remote areas of the country.


Gilat Satellite Networks Ltd. recently announced several important developments. The company secured a $40 million contract for its SkyEdge IV platform, which is scheduled for delivery over the next 24 months. This platform is designed to drive the transformation of the satellite ground network and is aligned with future 5G NTN standards. In addition, Gilat's Commercial Division received a 27 million dollar order for its ESA terminal technology. Most deliveries are expected next year. The company also received orders worth over 22 million dollars from satellite operators worldwide, underlining its role in the in-flight connectivity market. In addition, Gilat DataPath, a subsidiary of Gilat, was awarded a support contract with the US Army worth over 7 million dollars. Potential extensions bring the total to 70 million dollars. These developments underscore Gilat's growing influence and capabilities in satellite network technology.


https://www.investing.com/news/company-news/gilat-secures-60-million-in-orders-for-peru-broadband-upgrade-93CH-4145573

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12 Comentarios

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I'm a bit afraid that Israeli values will be boycotted (both publicly and privately). It's also not such a good feeling that all the surrounding countries like to attack the city where the company headquarters is located every now and then....
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@PikaPika0105
You could be right, of course.
But I don't think it will have a major impact on work in Peru or the USA.
And the company will already be aware of this and should therefore be prepared for such a scenario
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What's going on today? Good numbers I think
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Congratulations to all those who are invested!
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Recently, more and more exciting Israeli companies have been popping up on $SMWB, $MBLY and now $GILT. 🚀 Gilat, which you analyzed, is definitely causing a stir with its 60 million dollar deal for broadband expansion in Peru. 800 public facilities with 200 Mbit/s? That would be science fiction in German offices. 😄

But the big question remains: Is it still worth getting started now or is the thing long gone?

A +75% rise in the share price in the last year sounds like a rocket launch. But with a market capitalization of around USD 450 million, Gilat is not yet a stock market heavyweight. The company scores with substance instead of hype, infrastructure, satellites, state-funded projects and a global presence. Sounds more like a quiet long-term runner than a hot gamble.

My conclusion: Perhaps no longer yesterday's insider tip - but still not a case for the "too late" garbage can. If you rely on satellites instead of speculation, you could still get a solid passenger seat here. 🛰️📈
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@EpsEra
For me, after AI and robotics, this is clearly a sector that you should have on your radar or in your portfolio.
But you can also take a look at $GOGO.
And from a sector that not everyone likes, but which is growing rapidly at the moment, there is also $ESLT
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Thank you very much for your assessment and the interesting tips, especially $GOGO and $ESLT, which I will definitely take a closer look at!
As far as the defense sector is concerned, this is a very sensitive topic for me personally. I can definitely see the great potential and performance of many stocks in this area, but morally I find it difficult to actively invest there - I often struggle with myself.
On the subject of AI: I would be very interested to hear your assessment of current developments, particularly with regard to companies such as $MSFT and $GOOGL. In your opinion, who will be ahead in the long term when it comes to not only developing the technology, but also monetizing it on a large scale?
And when it comes to robotics, which companies do you have on your radar? $1810 is definitely exciting in this context. Do you have any favorites?
I'm looking forward to your assessment, which I'm sure will be a real added value for many other readers!
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Microsoft has a huge user base that includes both private and corporate customers.
Windows is the most widely used operating system for desktop computers worldwide, with a market share of around 70.2%.
In companies in Germany, the market share of Microsoft Office is 85%. .

The majority of these users will want to add AI to the software and are willing to pay a little more for it.

For entrepreneurs, switching to other providers is usually far too costly.
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@EpsEra
The future of Alphabet, Google's parent company, is seen as largely positive by analysts, despite some challenges. Investments in AI, cloud and autonomous vehicles are seen as growth drivers, while the current valuation is considered favorable compared to other technology companies.
Alphabet plans to invest 75 billion dollars in AI infrastructure.
I also see Alphabet as a. big player in quantum computing.
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@Tenbagger2024
Meta is also investing heavily in AI infrastructure with data centers such as Hyperion (up to 5 GW, close to Manhattan in terms of space) and Prometheus (1 GW in Ohio). Tents also serve as quick interim solutions. The aim is to catch up with OpenAI and Microsoft in terms of AI performance.

Capex rises to up to 72 bn $ annually, relevant for semiconductor, construction and energy industries. At the same time, ESG risks are looming due to resource consumption and political backlash.

Source: itpro.com, techradar.com
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@EpsEra
Amazon does the same
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@Tenbagger2024
No tech company wants to miss out when it comes to the next big growth area - the AI pie is in high demand 🍰
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