Gilat Stock Nears 52-Week High on $11M Asia-Pacific Satellite Deal
Shares in the satellite networking firm surged after it announced a significant new contract for its SkyEdge platform, bolstering its presence in the high-growth Asian market.
Shares of Gilat Satellite Networks (NASDAQ: GILT) climbed toward a new 52-week high on Tuesday after the company announced a significant contract win in the Asia-Pacific region. The satellite technology firm secured an order worth approximately $11 million from a leading, unnamed satellite operator for its advanced SkyEdge platform.
The stock rose to $17.86 in morning trading, approaching its 52-week peak of $18.09, as investors reacted positively to the news. The deal represents a meaningful win for the Israel-based company, which currently has a market capitalization of approximately $1.31 billion.
According to the company's announcement, the SkyEdge platform will be used to power services over Very High Throughput Satellites (VHTS). These next-generation satellites are critical for delivering high-speed broadband and advanced mobility services, an area of strategic focus for Gilat. The platform is designed to provide the ground infrastructure needed to manage satellite bandwidth and deliver reliable connectivity for a variety of applications, from consumer broadband to enterprise and military communications.
This contract reinforces Gilat's growing momentum in the strategically important Asia-Pacific market. It follows a separate $6 million deal announced in March 2025, where Gilat's defense division was chosen to supply its SkyEdge II-c platform to a government military organization in the same region. Together, these contracts highlight Gilat's success in capturing both commercial and defense-related opportunities.
Amir Yafe, Vice President of Mobility & Global Accounts at Gilat, commented in a statement, “This significant order from a major satellite operator is a testament to the superiority of Gilat's SkyEdge platform and our leadership in the satellite ground segment market. We're proud to be chosen to enable the delivery of advanced satellite communication services across the Asia-Pacific region.”
The positive market reaction provides a welcome boost for a stock that had experienced a decline year-to-date. Tuesday's rally pushed the share price above its 50-day moving average, a technical signal often viewed favorably by traders.
Wall Street has maintained a broadly positive outlook on the company. According to market data, Gilat holds a "Moderate Buy" consensus rating from analysts, with a 12-month average price target of $16.30. The latest contract win could prompt analysts to revise their forecasts upward, as the current price has already surpassed that average. Notably, investment bank Needham reiterated a "Buy" rating on the stock in late November.
Gilat Satellite Networks, founded in 1987, has established itself as a key provider of satellite-based broadband communications. The company's technology is used in a wide range of applications, including in-flight connectivity, cellular backhaul, and maritime communications. This latest deal not only adds to its revenue pipeline but also solidifies its competitive position as satellite operators globally upgrade their networks to meet escalating demand for data.