1Sem.·

Gilat receives an order worth millions from India's Nelco

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.

9 Commentaires

Mi11@Migu11

Ouch, that's a nasty sell-off. It wasn't that bad again...? Unfortunately I can't find any long derivatives :D

••

Tenbagger2024@Tenbagger2024

@Migu11 Profit was good, order books full, a partnership in India, only sales were below expectations

••

Markus@Nobody23

@Tenbagger2024 but sales up 20% on the previous year... when expectations don't meet analysts' expectations, this is the result. Too bad

••

Tenbagger2024@Tenbagger2024

@Nobody23 Good opportunity to buy

••

Markus@Nobody23

@Tenbagger2024 I'm already in and now in the red. I'm not going to add any more at the moment

•

Tenbagger2024@Tenbagger2024

@Nobody23 see what the Americans are about to do

••

Markus@Nobody23

@Tenbagger2024 as always erstmal down

•

Markus@Nobody23

Strange sell-off! All figures exceeded

••

Tenbagger2024@Tenbagger2024

@Nobody23 believe sales were below expectations

••