It has been a rough start to the year for the tech sector, as companies have been hit hard by tariffs, trade tensions with China that have axed the flow of essential rare earth metals to the United States, and more. The benchmark Technology Select Sector SPDR Fund NYSEARCA: XLK, a broad proxy for the entire sector, has plunged by about 10% year-to-date (YTD) while the S&P 500 has fallen by only 5% overall during the same period.
GILT is gaining from strong strategic initiatives and recent defense deals, but intense competition poses a concern.
Gilat's diversified business segments, including Defense, Commercial, and Peru, drive robust growth and resilience, supporting a strong investment thesis. 2024 earnings projections indicate significant upward momentum, bolstered by quality metrics and strategic market positioning. Management guidance signals more topline growth coming from the defense and commercial sectors, driven by surging demand for ESAs.
GILT's defense division secured a multimillion-dollar order. Deliveries under this order are expected to commence toward the end of 2025.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
GILT secures an order valued at $6 million to supply its SkyEdge II-c platform to a military organization in the Asia-Pacific region.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
After losing some value lately, a hammer chart pattern has been formed for Gilat (GILT), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
Does Gilat Satellite (GILT) have what it takes to be a top stock pick for momentum investors? Let's find out.
GILT launches Defense Division to meet the rising demand for secure government and military SATCOM solutions.
GILT's fourth-quarter 2024 performance reflects expanding momentum in the defense and IFC sectors, backed by increasing deal wins.
Gilat Satellite Networks Ltd. (NASDAQ:GILT ) Q4 2024 Earnings Conference Call February 12, 2025 9:30 AM ET Company Participants Mayrav Sher - Head of Finance and IR Adi Sfadia - CEO Gil Benyamini - CFO Conference Call Participants Sergey Gleimyamov - Freedom Brokers Louie DiPalma - William Blair Ryan Koontz - Needham & Company Chris Quilty - Quilty Space Gunther Karger - Discovery Group Operator Ladies and gentlemen, thank you for standing by.