Gilat Partners Hispasat to Restore Connectivity After Hurricane Helene

Gilat Satellite Networks Ltd. GILT recently teamed up with Hispasat, playing a crucial role in Southern Linc’s disaster recovery operations. Categorized as a once-in-a-century event, Hurricane Helene brought widespread destruction to Southern Linc’s Georgia service territory.  Satellite networks are instrumental in providing reliable communication in disaster scenarios. They provide real-time data for monitoring wildfires, hurricanes and floods, enabling better planning and faster relief efforts. Per a report from Grand View Research, the global satellite communication market is estimated to witness a CAGR of 10% from 2024 to 2030. Partnering with Hispasat, Gilat mobilized within hours to provide Southern Linc with additional satellite network capacity. This quick deployment ensured that essential wireless communication systems remained operational during and immediately after the storm. By leveraging Hispasat's satellite capacity and Gilat's advanced networking technology, the partnership delivered a seamless and robust communication network that backed the disaster recovery operations of affected utilities, area sheriff departments, the Georgia Department of Public Safety and the Georgia Emergency Management and Homeland Security Agency.Gilat’s and Hispasat’s rapid response to Southern Linc’s request not only supported disaster recovery efforts but also showcased the potential of satellite technology to transform emergency response.Gilat Satellite Networks Ltd. Price and Consensus Gilat Satellite Networks Ltd. price-consensus-chart | Gilat Satellite Networks Ltd. QuoteGilat’s relentless focus on providing dependable, high-quality solutions is cushioning its top-line performance. In the last reported quarter, Gilat’s revenues soared 17% year over year to $74.6 million, driven by acquisition synergy and strong demand for defense and in-flight connectivity (IFC) solutions. Recently, it secured orders worth more than $3 million from prominent service providers for its state-of-the-art Gateway Solid State Power Amplifiers (SSPAs), designed to support Low Earth Orbit (LEO) satellite constellations.In January 2025, the company won $9 million in orders from key satellite operators for its SkyEdge IV and SkyEdge II-c communication platforms, with delivery planned for the next year. Top satellite operators rely on Gilat's SkyEdge technology for smooth connectivity across satellite constellations, supporting applications like maritime, cellular backhaul and enterprise solutions. On Dec. 30, 2024, it received more than $18 million in orders for its flagship IFC solutions, including SkyEdge platforms, services and SSPAs, with delivery scheduled within the next year.GILT also settled the Stellar Blu Solutions buyout, which is a premium provider of advanced SATCOM terminal solutions and is expected to enhance its IFC portfolio. Gilat anticipates Stellar Blu will generate $120-$150 million in revenues in 2025, driven by a strong backlog. The acquisition is expected to boost non-GAAP results, and once Stellar Blu hits full manufacturing capacity in late 2025, its EBITDA margin is projected to exceed 10%.Gilat’s Zacks Rank & Stock Price PerformanceGILT currently carries a Zacks Rank #3 (Hold). Shares of the company have soared 40.4% in the past six months compared with the industry's growth of 12.6%.Image Source: Zacks Investment ResearchStocks to ConsiderSome better-ranked stocks from the broader technology space are InterDigital, Inc. IDCC, Ubiquiti Inc. UI and Qualcomm Incorporated QCOM. IDCC & UI presently sport a Zacks Rank #1 (Strong Buy), while QCOM carries a Zacks Rank #2(Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.IDCC is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks. It has a long-term growth expectation of 17.44%.Ubiquiti’s effective management of its strong global network of more than 100 distributors and master resellers improved its visibility for future demand and inventory management techniques. In the last reported quarter, Ubiquiti delivered an earnings surprise of 20.9%. Its highly flexible global business model remains apt to adapt to the changing market dynamics to overcome challenges while maximizing growth.Qualcomm is well-positioned to meet its long-term revenue targets driven by solid 5G traction, greater visibility and a diversified revenue stream. It is increasingly focusing on the seamless transition from a wireless communications firm for the mobile industry to a connected processor company for the intelligent edge. Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QUALCOMM Incorporated (QCOM): Free Stock Analysis Report InterDigital, Inc. (IDCC): Free Stock Analysis Report Gilat Satellite Networks Ltd. (GILT): Free Stock Analysis Report Ubiquiti Inc. (UI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks