Gilat Satellite Networks reported stronger Q2 results, higher EBITDA, and progress on its $157.5 million Comtech acquisition.
Gilat Satellite Networks Ltd.
(NASDAQ:GILT) shares are trading lower on Wednesday after the company reported second-quarter results. • Gilat Satellite Networks stock is taking a hit today.
What's weighing on GILT shares?
Earnings Snapshot Revenue rose to $122.7 million from $105 million in the prior-year quarter and came ahead of the $120.7 million estimate.
Adjusted operating income increased 35% year over year to $12.6 million.
Comtech Telecommunications to sell its satellite & space unit to Gilat for $157.5M, shifting focus to public safety tech. CMTL up.
Gilat Telecom Continues to Deliver Strong and Consistent Growth
Israel’s Gilat Satellite Networks plans to expand its defense capabilities by acquiring most of Comtech’s space-related…
Comtech Announces Definitive Agreement to Sell Most of Its Satellite and Space Communications Business to Gilat
Comtech Telecommunications Corp. (CMTL) is selling its Satellite and Space Communications segment to Gilat for $157.5 million, as…
Legacy satellite tech company bought by the firm it failed to acquire six years ago
