Gilat Satellite Networks (NASDAQ:GILT) Stock Price Target Lowered at Needham & Company LLC

Posted by George Bondi on Nov 12th, 2026

Gilat Satellite Networks (NASDAQ:GILT – Free Report) had its price target trimmed by Needham & Company LLC from $20.00 to $11.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the communications equipment provider’s stock.

Several other research firms have also recently commented on GILT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gilat Satellite Networks in a report on Monday, September 14th. William Blair downgraded Gilat Satellite Networks from an “outperform” rating to a “market perform” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $11.00.

View Our Latest Stock Report on Gilat Satellite Networks

Gilat Satellite Networks Price Performance

Shares of Gilat Satellite Networks stock opened at $6.02 on Wednesday. Gilat Satellite Networks has a fifty-two week low of $5.63 and a fifty-two week high of $20.93. The firm has a fifty day moving average price of $8.77 and a two-hundred day moving average price of $13.41. The company has a market cap of $444.46 million, a PE ratio of 8.87 and a beta of 1.15.

Gilat Satellite Networks (NASDAQ:GILT – Get Free Report) last posted its quarterly earnings data on Tuesday, November 10th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. The company had revenue of $116.23 million for the quarter, compared to the consensus estimate of $126.54 million. Gilat Satellite Networks had a net margin of 6.34% and a return on equity of 9.68%. Analysts expect that Gilat Satellite Networks will post 0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gilat Satellite Networks

A number of hedge funds have recently modified their holdings of GILT. Wellington Management Group LLP grew its position in Gilat Satellite Networks by 6.3% in the second quarter. Wellington Management Group LLP now owns 1,094,623 shares of the communications equipment provider’s stock valued at $14,569,000 after acquiring an additional 64,917 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Gilat Satellite Networks by 47.3% during the second quarter. Van ECK Associates Corp now owns 1,799,354 shares of the communications equipment provider’s stock valued at $23,949,000 after acquiring an additional 577,479 shares during the period. AWM Investment Company Inc. bought a new position in shares of Gilat Satellite Networks during the second quarter valued at $13,792,000. Penn Capital Management Company LLC boosted its stake in shares of Gilat Satellite Networks by 292.6% in the 2nd quarter. Penn Capital Management Company LLC now owns 139,273 shares of the communications equipment provider’s stock valued at $1,854,000 after purchasing an additional 103,798 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of Gilat Satellite Networks by 488.5% in the 2nd quarter. Squarepoint Ops LLC now owns 85,173 shares of the communications equipment provider’s stock valued at $1,134,000 after purchasing an additional 70,701 shares in the last quarter. 35.72% of the stock is owned by institutional investors and hedge funds.

Gilat Satellite Networks News Summary

Investors following GILT have been watching these news items:

Positive Sentiment: Third-quarter adjusted EBITDA rose 13% year over year to $17.6 million, while non-GAAP net income increased 21% to $14.3 million. Defense revenue grew 53%. Gilat also said its Comtech acquisition remains on track to close by year-end and could more than double defense revenue in 2027. Gilat Reports Third Quarter 2026 Results
Positive Sentiment: Needham lowered its price target to $11 from $20 but kept its Buy rating, signaling continued analyst confidence despite the weaker outlook. Needham price target update
Negative Sentiment: Q3 revenue of $116.2 million missed the $126.5 million estimate and edged down from $117.7 million a year earlier. William Blair also downgraded the stock from Outperform to Market Perform. Revenue miss and earnings coverage

Gilat Satellite Networks Company Profile

(Get Free Report)

Gilat Satellite Networks is an Israel-based provider of satellite communications technology and services. Founded in 1987, the company develops equipment and network solutions that enable broadband connectivity in areas where terrestrial networks are limited or unavailable. Its offerings include very small aperture terminal (VSAT) equipment, satellite modems, hubs, gateways and network management systems. Gilat also provides satellite communications solutions for cellular backhaul, enterprise and rural broadband, in-flight and maritime connectivity, and government and defense applications.