Needham Reiterates Buy Rating on Gilat Satellite Networks (GILT)

Needham analyst Ryan Koontz reiterated a Buy rating and $8.50 price target on Gilat Satellite Networks (NASDAQ: GILT).

The analyst commented: "GILT reported 4Q24 results, delivering total revenue -6% below consensus but GAAP EPS +0.07 above while introducing F25 guidance which includes its bold acquisition of Stellar Blu. 4Q revenue grew +3.3% y/y achieving the low end of FY guidance, while strong GM and opex discipline drove the bottom line beat.

F25 revenue guidance of 35%-50% growth includes $120-$150MM from Stellar Blu and implies flattish organic growth. The announced re-org in Defense, Commercial, and Peru BUs is expected to drive increased focus on these key growth segments. Our F25/F26 estimates shift to now modeling NG results, and we maintain our Buy rating and $8.50 PT."

For an analyst ratings summary and ratings history on Gilat Satellite Networks click here. For more ratings news on Gilat Satellite Networks click here.

Shares of Gilat Satellite Networks closed at $7.10 yesterday.

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