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Gilat Satellite Networks Ltd

Gilat Satellite Networks Ltd (GILT)

4.62
0.06
( 1.32% )
Updated: 14:02:11

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Key stats and details

Current Price
4.62
Bid
4.61
Ask
4.63
Volume
735,954
4.51 Day's Range 4.79
4.4103 52 Week Range 7.16
Market Cap
Previous Close
4.56
Open
4.53
Last Trade
100
@
4.62
Last Trade Time
14:02:11
Financial Volume
$ 3,410,962
VWAP
4.6347
Average Volume (3m)
243,624
Shares Outstanding
57,016,086
Dividend Yield
-
PE Ratio
11.23
Earnings Per Share (EPS)
0.41
Revenue
266.09M
Net Profit
23.5M

About Gilat Satellite Networks Ltd

Gilat Satellite Networks Ltd is a provider of satellite-based broadband communications. The company designs and manufactures ground-based satellite communications equipment and provides comprehensive solutions and end-to-end services. Its portfolio includes a cloud-based satellite network platform, ... Gilat Satellite Networks Ltd is a provider of satellite-based broadband communications. The company designs and manufactures ground-based satellite communications equipment and provides comprehensive solutions and end-to-end services. Its portfolio includes a cloud-based satellite network platform, very small aperture terminals (VSATs), amplifiers, high-speed modems, on-the-move antennas and high-power solid-state power amplifiers (SSPAs), block up converters (BUCs) and Trancievers. The company's solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense and public safety. Show more

Sector
Radio, Tv Broadcast, Comm Eq
Industry
Communications Equipment
Website
Headquarters
Petah Tikva, Center, Isr
Founded
1987
Gilat Satellite Networks Ltd is listed in the Radio, Tv Broadcast, Comm Eq sector of the NASDAQ with ticker GILT. The last closing price for Gilat Satellite Networks was $4.56. Over the last year, Gilat Satellite Networks shares have traded in a share price range of $ 4.4103 to $ 7.16.

Gilat Satellite Networks currently has 57,016,086 shares outstanding. The market capitalization of Gilat Satellite Networks is $263.98 million. Gilat Satellite Networks has a price to earnings ratio (PE ratio) of 11.23.

GILT Latest News

Gilat to Acquire Stellar Blu, an IFC Market Leader with a First-to-Market ESA-Based Solution for Commercial Aviation

Highlights The acquisition positions Gilat as a market leader in In-Flight Connectivity (IFC) technologies and solutions for Commercial and Business Aviation, with extensions to adjacent high-end...

Nicole Robinson Appointed President of DataPath Inc.

PETAH TIKVA, Israel, May 20, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services...

Gilat Reports First Quarter 2024 Results

PETAH TIKVA, Israel, May 08, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services...

SES’s O3b mPOWER System Launches Service via Gilat’s SkyEdge IV Platform

PETAH TIKVA, Israel, May 07, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.59-11.32437619965.215.72994.410314309214.69008072CS
4-0.64-12.16730038025.265.72994.41033723274.79091848CS
12-0.91-16.45569620255.536.384.41032436245.17439492CS
26-1.58-25.48387096776.26.664.41031861685.51397427CS
52-1.27-21.56196943975.897.164.41031458145.83191006CS
156-5.24-53.14401622729.8610.684.41032355357.39697566CS
260-3.84-45.3900709228.4622.694.41033872809.51816273CS

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GILT Discussion

View Posts
TMaga TMaga 3 months ago
Seems to be heading in the wrong direction. Three years ago this was $23.00 a share.
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TMaga TMaga 3 months ago
So many contracts and the share price keeps dropping.
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TMaga TMaga 5 months ago
Are we rich yet????
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midastouch017 midastouch017 11 months ago
Satcom Direct and Gilat Sign Strategic Agreement for Joint ESA Project to Expand Plane Simple® Portfolio

https://finance.yahoo.com/news/satcom-direct-gilat-sign-strategic-110700534.html

The ultra-low profile Electronically Steered Antennas (ESA) will enable in-flight connectivity (IFC) for business, government, and defense aviation

Gilat’s Electronically Steered Antenna (ESA) to Enable IFC for Business, Government and Defense Aviation
Satcom Direct and Gilat sign strategic agreement for joint ESA project to expand Plane Simple® portfolio

MELBOURNE, Fla. and PETAH TIKVA, Israel, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Satcom Direct, the business aviation solutions provider, and Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, have signed a strategic agreement to develop and supply new ultra-low profile electronically steered antennas (ESA) to support in-flight connectivity (IFC) for business, government, and defense. Available from 2025 and designed for optimized compatibility with the OneWeb low earth orbit (LEO) constellation, the hardware strengthens the Plane Simple® Antenna Series portfolio with the addition of the Gilat advanced ESA that will unlock the full broadband potential of OneWeb.

The collaboration will see Gilat develop the antenna system while Satcom Direct Avionics, the Canadian hardware manufacturing division of SD, will work with OneWeb to develop the SD Modem Unit to harness the full potential of the LEO constellation. To meet soaring data demands, customers will also benefit from the antenna’s full-duplex performance, a key capability in a small-form, power efficient device that allows data to be sent and received simultaneously.

This ESA terminal, including the radome, will aim to provide an industry-leading compact form factor (around 2.5in or 64mm) that will unlock the highest possible bandwidth from the OneWeb network. The addition to the Plane Simple antenna series reflects the SD agnostic philosophy, which enables customized connectivity solutions tailored for every mission requirement with a common terminal architecture, simplified upgrades, and flexible pricing plans.

Chris Moore, President at Satcom Direct, said: “We already have a strong relationship with OneWeb and have engaged with Gilat, due to their long SATCOM, aviation, and radio frequency pedigree, to create the next generation ESA in support of creating a solution that provides more options to our customers seeking reliable high-speed connectivity or additional redundancy. The ESA terminal will provide genuine global coverage and superior bandwidth performance, complemented by ease of installation. This most advanced terminal will also address customer requests to lower aircraft drag, weight and fuel burn. We’re excited to add this new state-of-the-art antenna from Gilat to our portfolio. We know customers will welcome the reality of the truly global coverage from such a small format terminal.”

We are honored to have been selected by Satcom Direct to provide them with our expertise to develop this new ESA product,” said Adi Sfadia, Gilat CEO. “Together, we will create a next-generation ESA to support the dynamic connectivity demands of the global business aviation sector with a best-in-class antenna. The agreement gives us the opportunity to expand our proven technology know-how in commercial aviation and to showcase our expertise alongside Satcom Direct, the only company dedicated to delivering satcom connectivity to business and government aviation worldwide. It is a major milestone for Gilat as we extend our global IFC leadership in commercial aviation to business aviation, as well as into our strategic focus area in government and defense.”

Neil Masterson, CEO OneWeb adds, “The combined expertise of Satcom Direct Avionics, Gilat and OneWeb will deliver customers faster, more consistent broadband services across the globe. In the dynamic connectivity landscape, it is essential we team with premium partners, which is why we’re delighted to be part of this powerful offering as we reinforce our presence and service in the business aviation sector.”
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TMaga TMaga 1 year ago
Put all of your mother-in-laws cash into this stock....... Karma
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TMaga TMaga 1 year ago
Hows that Biden satellite. Aliens said to Biden " Gee you talk funny "
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midastouch017 midastouch017 1 year ago
Gilat Signs Definitive Agreement to Acquire DataPath, Inc. a Market Leader in Trusted Communications for the US DoD, Military and Government Sectors

https://finance.yahoo.com/news/gilat-signs-definitive-agreement-acquire-113500537.html


The acquisition is another step in Gilat’s initiative to increase its presence in the growing Defense market

Gilat expects its annual revenues in the Defense sector to increase by approximately $50 Million following the closing of the acquisition

PETAH TIKVA, Israel, March 09, 2023 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that it has signed a definitive agreement to acquire DataPath, Inc. (DPI), which will be a core component of Gilat’s Defense growth strategy. DataPath is a market leader in trusted communications for the US DoD Military and Government sectors. The acquisition is another step in Gilat's initiative to increase its presence in the growing Defense market. Gilat expects its annual revenues in the Defense sector to increase by approximately $50 Million following the closing of the acquisition.

The transaction has been approved by the Gilat board of directors and by DataPath’s board of directors and stockholder. The closing of the transaction is subject to certain regulatory approvals, including the receipt of clearance of the Committee on Foreign Investment in the United States (CFIUS), and other customary closing conditions. The acquisition is expected to close in the third quarter of 2023.

DataPath has more than 25 years of experience in integrated communications and information technology and is a market leader in trusted communications systems, services, and end-to-end solutions for mission-critical operations. DataPath is a US based expert systems integrator with a strong focus on the DoD and US government sectors, bringing leading competencies in systems engineering, software development and mechanical engineering. These attributes have enabled DataPath to secure and maintain their continual presence in the provision and sustainment of SatCom systems, such as portable ground stations, and related services.

"DataPath is a leading US integrator providing mission critical solutions and services and is a large provider to the US DoD of transportable hubs, mini-towable hubs, and a portfolio of military-grade portable antenna terminals," said Adi Sfadia, Gilat CEO. “The acquisition is a major milestone in Gilat's growth strategy to expand its business into the US DoD and government sectors as well as into other international governments and Defense markets. We see great synergy between the companies and are looking forward to working with DataPath’s leadership in support of its customers."

"We are proud of our DataPath team to get the Company positioned to join Gilat and expect that, together with Gilat's strong position in the SATCOM market and its vast international reach, DataPath will be well positioned to continue its profitable growth and its continual commitment for integrated solutions built with best of breed components," said David McDonald, CEO & Executive Chairman at DataPath. "DataPath’s superior solutions and significant position within the U.S. DoD market will enhance Gilat’s strategy in that sector."

Advisors
Needham & Company LLC and Quilty Analytics LLC are serving as financial advisors to Gilat. Naschitz Brandes Amir & Co. and Foley and Lardner LLP are acting as Gilat’s legal counsel. RCBG is serving as an exclusive financial advisor to DataPath. DLA Piper LLP and Greenberg Traurig are acting as DataPath’s legal counsel.

About DataPath® Inc.
DataPath excels in advanced and secure communications solutions tailored to the unique requirements of commercial, government/military, aerospace, broadcast and critical infrastructure clients. Our solutions include a wide range of field communications and information technology products including satellite communications systems and network management software and cybersecurity services. All offerings are backed by 24×7 customer care and global field support. At DataPath we are passionate about helping our clients achieve mission success. For more information, visit www.datapath.com.

About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications.

With over 30 years of experience, we create and deliver deep technology solutions for satellite, ground and new space connectivity and provide comprehensive end-to-end solutions and services, powered by our innovative technology. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.

Delivering high value solutions, our portfolio is comprised of a cloud-based platform and high performance satellite terminals designed to work in harmony with satellite constellations, including Very High Throughput Satellites (VHTS) and Software-Defined Satellites (SDS) in multiple orbits; high performance Satellite On-the-Move (SOTM) antennas; and highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC).

Gilat’s comprehensive solutions support multiple applications with a full portfolio of products to address key applications including broadband access, mobility, cellular backhaul, military, government, and enterprise, all while meeting the most stringent service level requirements. For more information, please visit: www.gilat.com

Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to the acquisition of DataPath, the projected increase in Gilat’s Defense sector revenues, the potential transaction synergies, the combined companies portfolio of products and services and markets, the potential synergies between Gilat and DataPath, and the projected timing for closing of the acquisition. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, risks associated with the outbreak and global spread of the coronavirus (COVID-19) pandemic; changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.

Contact:
Gilat Satellite Networks
Doreet Oren, Senior Director Corporate Communications
DoreetO@gilat.com

EK Global IR
Ehud Helft, Managing Partner
ehud@ekgir.com
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midastouch017 midastouch017 2 years ago
World-Leading UAV Manufacturer Selects Gilat in Multi-Year, Multimillion-Dollar Strategic Agreement for UAV Terminals

https://finance.yahoo.com/news/world-leading-uav-manufacturer-selects-120400619.html

Telefónica Global Solutions Selects Gilat To Extend 4G Cellular Coverage For Mobile Operators In Latin America

Gilat's next generation satellite communication terminals to enable advanced capabilities in high/medium altitude, long-endurance unmanned aerial vehicles from the world-leading manufacturer

PETAH TIKVA, Israel, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that it has entered into a multi-year, multimillion-dollar strategic framework agreement with a world-leading UAV manufacturer.

High/Medium Altitude Long Endurance (HALE/MALE) Unmanned Aerial Vehicles (UAVs) will be empowered with innovative capabilities enabled by next generation BRP60 satellite communication terminals from Gilat.

The BRP60 is a modular SATCOM terminal that has recently been optimized with advanced capabilities increasing system robustness and reliability. With a multi-axis, 60cm parabolic dish, it is configurable to operate with Ku or Ka-band satellites. Designed for new platforms and evolving UAV designs, Gilat's BRP60 is ready to adapt to sophisticated missions anywhere in the world.

“We are proud to have the latest generation of our satellite communication terminals in these UAVs, which are serving a variety of applications all over the world,” said Michal Aharonov, Chief Commercial Officer at Gilat. “This new agreement represents an important milestone in our long-term partnership and continuing success in the industry.”
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midastouch017 midastouch017 2 years ago
Gilat Awarded Over $10M to Power IFC Applications of Tier-1 Global Aerospace System Integrator

October 24 2022 - 07:06AM

Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today the receipt of more than $10M in orders for transceivers to power the IFC applications of a Tier-1 global aerospace system Integrator.
Gilat’s fully-owned US-based subsidiary, Wavestream, will provide its Ka-band AeroStream™ family of transceiver products to enable in-flight connectivity.

“We are pleased to fulfill the burgeoning demand of our longtime trusted partner who, for years, has continued to rely on our Ka-band transceiver solution for in-flight connectivity,” said Bob Huffman, Wavestream’s General Manager and Gilat's Senior VP. “With these new orders, Wavestream is growing its lead in the IFC marketplace, now with over 3,000 units successfully operating on commercial and business aviation aircraft worldwide.”

About Wavestream

Wavestream, a Gilat subsidiary is the industry leader in the design and manufacture of next generation satellite communications high power transceivers for In-Flight Connectivity, Ground Mobility and Gateway markets. Since 2001, we provide system integrators with field-proven, high performance Ka, Ku and X-band Solid State Power Amplifiers (SSPAs), Block Upconverters (BUCs), Block Down Converters and Transceivers. We design, manufacture and repair our products in-house and have delivered over 40,000 systems in the past 15 years. Wavestream products provide high quality and reliability under the harshest environmental conditions and we are currently certified to ISO 9001:2008 and AS9100D standards. For further details please visit www.wavestream.com
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StockLogistics StockLogistics 2 years ago
265 sales/56 OS is 4.73 at zero forward multiple

“7:50a ET 8/9/2022 - Globe Newswire
Gilat Reports Strong Second Quarter 2022 Results

Revenue of $55.5 million, operating profit $1.5 million and Adjusted EBITDA of $5.3 million; Reiterates 2022 guidance

Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the second quarter ended June 30, 2022.

Second Quarter 2022 Financial Highlights

-- Revenues of $55.5 million,up 1.2% compared with Q2 of last year;

-- GAAP operating income of $1.5 million versus operating loss of $0.4 million in Q2 last year;

-- Non-GAAP operating income of $2.4 million versus Non-GAAP operating income of $0.1 million in Q2 last year;

-- GAAP net income of $0.5 million versus loss of $0.2 million in Q2 last year;

-- Non-GAAP net income of $1.4 million versus Non-GAAP income of $0.3 million in Q2 last year;

-- Adjusted EBITDA of $5.3 million versus Adjusted EBITDA of $2.4 million in Q2 last year;

-- Reiterates and on-track with 2022 financial guidance;

Forward-Looking Expectations

The Company reiterates its 2022 guidance issued in 2022, of revenues between $245 to $265 million, representing year-over-year growth of between 14% and 23%, GAAP operating income of between $5 to $9 million and Adjusted EBITDA of between $20 to $24 million, representing year-over-year growth of Adjusted EBITDA between 30% to 56%.

Management Commentary

Adi Sfadia, Gilat's CEO, commented: "We are pleased with our strong results, especially with the solid improvement in our profitability. We continue to successfully capitalize on the opportunities in our pipeline, and we see increasing growth potential in our end-markets for the coming years. Looking out to the rest of the year, we feel increasingly comfortable and remain on target to meet our goals.

This was an exceptional quarter with significant multimillion dollar orders for Gilat's next generation platform, SkyEdge IV. We expanded the global strategic relationships with our partners, the satellite operators, SES and Intelsat, and are competing on important GEO VHTS opportunities in our pipeline with additional major satellite operators. Furthermore, our SSPA business for this new and exciting market is progressing as planned, and as such, we believe we are well positioned to seize opportunities in the multibillion market of the next era of satellite communication.

We received more than $10 million in new Cellular Backhaul orders this quarter as we continue to expand our global leadership. We are encouraged with the progress in our strategic markets of Inflight Connectivity and Maritime as well as with our growing business in Defense and Enterprise, and we see a growing set of additional opportunities."

Mr. Sfadia concluded, "Given our ongoing strong performance, we reiterate our 2022 guidance and expect a year of solid growth in revenue and improved profitability."”
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StockLogistics StockLogistics 2 years ago
5.02 then 4.48 are gap fills as market has difficult end to month, October 7th 6 month consolidation completes
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fivexshot fivexshot 2 years ago
***$GILT***PPS***Breakout***Upside***

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=Gilt&x=50&y=23&time=4&startdate=1%2F4%2F1999&enddate=7%2F13%2F2022&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=8&lf=4&lf2=268435456&lf3=8&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
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fivexshot fivexshot 2 years ago
HaHaHa.... Too funny!
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TMaga TMaga 2 years ago
Yes amazing. They just put one into space and I understand it has an automatic interperter software built in so they can try to figure out WTF Joe Biden is talking about.
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fivexshot fivexshot 2 years ago
Perfect stock to own as we enter into WW3.
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Zakarwarrior Zakarwarrior 2 years ago
Gilat's Electronically Steerable Antenna (ESA) for IFC Achieves Breakthrough During Airbus Flight Tests Operating on Spacecom's Advanced Satellite

Source: GlobeNewswire Inc.

Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today a breakthrough in electronically steerable antenna (ESA) technology for in-flight connectivity (IFC) with the conclusion of flight tests conducted by Airbus Defence and Space, marking the successful completion of the final phase of the five-year Clean Sky 2 IFC ESA project. Connectivity was demonstrated on Spacecom’s AMOS-17 advanced digital Ka band satellite.
Gilat's ESA technology, operating with Gilat's SkyEdge II-c platform and Taurus aero MODMAN, is proven to be at the forefront of the next-generation of the ESA IFC market. Gilat’s ESA is a flat antenna that is fully-integrated and validated on the Airbus C295 Flight Test Bed 2, an in-flight demonstrator of the European Clean Sky 2 research and innovation program, part of the EC Horizon 2020 initiative.

“Gilat’s ESA demonstrated a high level of robustness throughout the test flights, maintaining a stable link during quite aggressive maneuvers of the aircraft, and over-achieving performance expectations,” said Luis Benitez, Chief Engineer of Clean Sky 2 Regional FTB2 at Airbus. “Gilat’s ESA, conformally integrated within the wing-to-fuselage fairing of the airplane without adding aerodynamic drag, supports a more efficient, quieter, and more advanced aircraft for a wide variety of applications.”

“Spacecom is excited to have provided the satellite capacity to enable the successful flight-test milestone for our partner, Gilat,” said Ofer Asif, SVP of Business Development, Marketing and Strategy at Spacecom. “Spacecom’s Amos-17 Ka satellite was used with a steerable beam pointed to the flight area in Southern Spain, and cross linked to a fixed beam serving the SkyEdge II-c Hub."

"The successful flight-test of our fully integrated ESA technology was done in collaboration with our long-standing partners FBM, Airbus, and Spacecom, setting the standard for next generation of SATCOM systems for IFC," said Alex Volodarsky, Director of SatCom On-the-Move Programs at Gilat. “We have proven our ability to develop and deliver state-of-the-art ESA technology operating with Taurus, our globally-deployed aero MODMAN, that adheres to the most stringent requirements of the aerospace industry. We expect our ESA technology to be widely adopted in the IFC market in the coming years, especially in view of numerous NGSO constellation deployment plans.”

Gilat's ESA will be displayed at Gilat's booth #1520 at the Satellite 2022 show, March 21-24.

About Clean Sky
Clean Sky is the largest European research program developing innovative, cutting-edge technology aimed at reducing CO2, gas emissions and noise levels produced by aircraft. Funded by the EU’s Horizon 2020 program, Clean Sky contributes to strengthening European aero-industry collaboration, global leadership and competitiveness.

About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With 30 years of experience, we design and manufacture cutting-edge ground segment equipment, and provide comprehensive solutions and end-to-end services, powered by our innovative technology. Delivering high value competitive solutions, our portfolio comprises of a cloud based VSAT network platform, high-speed modems, high performance on-the-move antennas and high efficiency, high power Solid State Amplifiers (SSPA) and Block Upconverters (BUC).

Gilat’s comprehensive solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense and public safety, all while meeting the most stringent service level requirements. Gilat controlling shareholders are the FIMI Private Equity Funds. For more information, please visit: www.gilat.com

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Zakarwarrior Zakarwarrior 2 years ago
Intelsat Expands In-Flight Connectivity Capabilities with Strategic Multimillion-Dollar Order for Gilat's SkyEdge IV Taurus Modems

Source: GlobeNewswire Inc.

Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that Intelsat is expanding its in-flight connectivity (IFC) capabilities with a strategic multimillion-dollar order for Gilat’s SkyEdge IV Taurus modems.
SkyEdge IV Taurus is an ultra-high-performance modem for IFC designed to provide Wi-Fi internet and IPTV for passengers on commercial airlines, regional aircraft and business jets. Taurus is backward compatible, thus preserving past investments with the proven SkyEdge II-c platform, already deployed globally. This will enable Intelsat to continue to deliver high-quality IFC capabilities to its customers and an enhanced user experience, as well as to make a strategic move to embrace new technologies, such as those offered in the SkyEdge IV platform.

SkyEdge IV, launched earlier this month by Gilat, is a scalable, next-generation software-centric SATCOM ground system optimized for multi-orbit constellations and very high throughput satellites (VHTS). Gilat's SkyEdge IV Elastix Access Scheme enables high availability and superior operational efficiencies using adaptive transmission technologies to support a variety of IFC solutions using Taurus modems on different types of aircraft on a single network.

“Giving our customers the ability to provide air travelers the ultimate in-flight online experience is very important to us here at Intelsat. That’s why we continue to work with Gilat and are embracing their Taurus aero modem solution as a key element in our IFC offering," said Dave Bijur, senior vice president of Commercial Aviation at Intelsat. "With Taurus enhancing our in-flight capabilities, we stand ready to capture a larger share of the resurgent IFC market."

"It is precisely these passenger needs that are supported by SkyEdge IV Taurus, which enables delivery of reliable, high-performance connectivity solutions to air travelers. At this time, when the global IFC market is poised to rebound, more and more travelers will be relying on Intelsat, operator of one of the world’s largest integrated IFC satellite networks," said Amir Yafe, VP of Mobility & Global Accounts at Gilat. "We value our close partnership with Intelsat and are pleased to take part in this endeavor to expand their network with Gilat’s Taurus modems and our new SkyEdge IV platform.”

About Intelsat
As the foundational architects of satellite technology, Intelsat operates the world’s most trusted satellite telecom network. We apply our unparalleled expertise and global scale to connect people, businesses, and communities, no matter how difficult the challenge. Intelsat is building the future of global communications with the world’s first hybrid, multi-orbit, software-defined 5G network designed for simple, seamless, and secure coverage precisely when and where our customers most need it. Follow the leader in global connectivity and “Imagine Here,” with us, at Intelsat.com.

About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With 30 years of experience, we design and manufacture cutting-edge ground segment equipment, and provide comprehensive solutions and end-to-end services, powered by our innovative technology. Delivering high-value competitive solutions, our portfolio comprises a cloud-based VSAT network platform, high-speed modems, high-performance on-the-move antennas, and high efficiency, high power Solid State Amplifiers (SSPA) and Block Upconverters (BUC).

Gilat's comprehensive solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense, and public safety, all while meeting the most stringent service level requirements. Gilat controlling shareholders are the FIMI Private Equity Funds. For more information, please visit: www.gilat.com

Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate," "project," "intend," "expect", "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance, or achievements of Gilat to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements, including, among others, risks associated with the outbreak and global spread of the coronavirus (COVID-19) pandemic; changes in general economic and business conditions, inability to maintain market acceptance to Gilat's products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat's products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company's proprietary technology and risks associated with Gilat's international operations and its location in Israel. For additional information regarding these and other risks and uncertainties associated with Gilat's business, reference is made to Gilat's reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.

Contact:
Gilat Satellite Networks
Doreet Oren, Senior Director Corporate Communications
DoreetO@gilat.com

GK Investor and Public Relations
Ehud Helft, Managing Partner
ehud@gkir.com

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midastouch017 midastouch017 2 years ago
Intelsat Makes Strategic Selection with a Significant Initial Order of Gilat's New SkyEdge IV Platform for Its Newest High Throughput Satellite

https://finance.yahoo.com/news/intelsat-makes-strategic-selection-significant-120200933.html

SkyEdge IV will enable multi-service capabilities for Intelsat’s IS-40e, providing expanded capacity over North America for in-flight connectivity and cellular backhaul

PETAH TIKVA, Israel, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that Intelsat completed a strategic selection process and placed a significant initial order for Gilat’s new SkyEdge IV platform, which will be used for its latest high throughput satellite, Intelsat IS-40e, designed to augment inflight connectivity and mobile backhaul services over North America.

SkyEdge IV is Gilat's next generation platform designed to operate with new, adaptable very high throughput satellites (VHTS) to provide end-users the required capacity where and when needed. SkyEdge IV ensures unified operation with standard interfaces for network orchestration and seamless integration between the space and ground segments. Gilat's Elastix-TotalNMS will support Intelsat's current and future satellites to orchestrate network management of a unified network.

“Through our collaborative work with Gilat's SkyEdge IV platform on IS-40e, Intelsat will expand the capacity of our network serving North America," said Carmel Ortiz, Vice President of Systems Innovation at Intelsat, "Its standards-based interfaces enable seamless integration with Intelsat’s unified space and ground network, thereby elevating the service levels for thousands of aircraft and leading mobile network operators across North America."

"We are honored that our valued partner, Intelsat, made a strategic decision to adopt Gilat’s next generation SkyEdge IV platform. The SkyEdge IV platform, VSATs, and network management system are optimized to support both current HTS and future very high throughput software-defined satellites and thus meet Intelsat's demanding needs," said Amir Yafe, VP of Mobility & Global Accounts at Gilat. "Gilat's SkyEdge IV is a multi-orbit, multi-service platform built to lead the satcom industry’s next generation, known as the Elastix Era, supporting cloud infrastructure, an Elastix-Access Scheme, and working in harmony with software-defined satellites.”

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midastouch017 midastouch017 2 years ago
Gilat Announces Launch of SkyEdge IV, Next Generation SATCOM Ground System, Aiming to Capture a Leading Position of the Multibillion-Dollar Emerging VHTS Market Opportunity

https://finance.yahoo.com/news/gilat-announces-launch-skyedge-iv-120500888.html

SkyEdge IV is a scalable software-centric platform that will provide superior operational efficiencies and VSAT backward compatibility to preserve SkyEdge II-c customer investment

PETAH TIKVA, Israel, Feb. 02, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today the launch of SkyEdge IV, a next generation satellite communication ground system, aiming to capture a leading position of the multibillion-dollar emerging VHTS market opportunity. SkyEdge IV will increase operational efficiencies due to scalable software centricity and provides VSAT backward compatibility to preserve SkyEdge II-c customer investment.

SkyEdge IV was built to lead the revolutionary Elastix-Era of satellite communication, where multi-orbit constellations and very high throughput satellites (VHTS) answer the demand for ubiquitous connectivity for fixed and mobility sites anywhere, answering the promise of the cloud, 5G, and IoT.

Gilat's SkyEdge IV is a multi-orbit, multi-service platform built to work in harmony with software defined satellites and support cloud software defined network (SDN) centric infrastructure. The platform is equipped with Elastix-TotalNMS to orchestrate network management for a unified network.

Furthermore, SkyEdge IV includes Aquarius, a family of ultra-high-performance VSATs reaching over 2Gbps total throughput. An Elastix-Access Scheme simultaneously supports any application, even in the most demanding and dynamic conditions. In addition, SkyEdge IV maintains backward compatibility to Gilat's renowned SkyEdge II-c VSATs.

"Gilat is bringing to market SkyEdge IV, an unprecedented deep-tech software-centric platform that will make the future multibillion-dollar VHTS market opportunity a reality," said Hagay Katz, Gilat’s Chief Product and Marketing Officer. "I am pleased to report that we have already secured significant orders for this leading platform."
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Laszlo1 Laszlo1 2 years ago
Is this Casey research secret 5G master key stock???
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midastouch017 midastouch017 2 years ago
Gilat and Intelsat Expand Their Strategic Partnership in Commercial Aviation

https://finance.yahoo.com/news/gilat-intelsat-expand-strategic-partnership-120400243.html

Gilat technology for in-flight connectivity will empower expansion of in-flight service in Asia and meet the post-COVID demand for commercial and business aviation services

PETAH TIKVA, Israel, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company is expanding its strategic partnership in commercial aviation with Intelsat, operator of the world’s largest integrated satellite and terrestrial network headquartered in McLean, Virginia.

To enable the expansion of commercial and business aviation services in Asia, Intelsat will be using Gilat’s SkyEdge II-c system, which, in addition to providing in-flight connectivity, is designed to deliver fixed and mobility services for maritime and land-mobility, as well. Its industry-leading network management system, TotalNMS, enables full configuration, control and monitoring of all system elements and remote terminals. SkyEdge II-c is a proven operational system that allows aviation service providers like Intelsat to streamline service fulfillment and provide a superior user experience to airline passengers.

"Thanks to our close relationship with Gilat, as well as the technological advantages and benefits that they provide, we’ll be ready for the post-COVID mainstream adoption of IFC among travelers throughout parts of Asia,” said Intelsat Senior Vice President of Commercial Aviation, Dave Bijur. “We look forward to continued collaboration to further grow the network in 2022, which will result in significant revenue growth in the IFC segment.”

"We value our strong, continuing partnership with Intelsat, and are looking forward to seeing the expanded service coverage in Asia, supporting Intelsat’s efforts to deliver in-flight connectivity internationally," said Amir Yafe, VP of Mobility & Global Accounts at Gilat. "This network expansion is a testament to the strength of Gilat technology for IFC. The expanded network will address the increased demand for internet connectivity in the commercial and business aviation market on a global scale and, with the current recovery of global aviation, the timing couldn’t be better."

About Intelsat
As the foundational architects of satellite technology, Intelsat operates the world’s most trusted satellite telecom network. We apply our unparalleled expertise and global scale to connect people, businesses, and communities, no matter how difficult the challenge. Intelsat is building the future of global communications with the world’s first hybrid, multi-orbit, software-defined 5G network designed for simple, seamless, and secure coverage precisely when and where our customers most need it. Follow the leader in global connectivity and “Imagine Here,” with us, at Intelsat.com.
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midastouch017 midastouch017 2 years ago
Gilat Captures Greater Maritime Market Share in New Deal with Eurasian Satellite Service Provider

https://finance.yahoo.com/news/gilat-captures-greater-maritime-market-120400799.html

Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company has captured a greater share of the maritime market in a new deal with a Eurasian satellite service provider that is set to enable expanded maritime connectivity in the region.
Gilat’s SkyEdge II-c system, equipped with Gemini and Capricorn VSATs, will be used to deliver connectivity for vessels at sea, primarily providing broadband communication for commercial fishing and maritime transport market segments.

“Our penetration into the maritime market in Eurasia further fortifies Gilat's global mobility leadership in the satellite communication market," said Barak Lerer, Gilat's Regional Vice President for EMEA & Eurasia. “Maritime is an important strategic focus market for Gilat and we are proud of this achievement, capturing more of the market and enabling satellite communication for fishing, maritime transport, and other industries in Eurasia.”
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midastouch017 midastouch017 2 years ago
Leading Mobile Operator in Mexico Extends 4G Cellular Backhaul Recurring Revenue Managed Services Project with Gilat

https://finance.yahoo.com/news/leading-mobile-operator-mexico-extends-120500853.html

Gilat’s superior end-to-end solution ensures reliable cellular and disaster recovery services in remote regions throughout Mexico

PETAH TIKVA, Israel, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company received a 12-month extension on its recurring revenue managed services 4G cellular backhaul project with a leading Mobile Network Operator (MNO) in Mexico.

The leading MNO is providing 3G and 4G services over Gilat's satellite backhaul to remote regions where terrestrial means, such as fiber and microwave, are not available. In addition, Gilat's satellite platform allows the mobile operator to use transportable VSATs for disaster recovery, thus ensuring connectivity anywhere in Mexico at all times.

“This customer has extended its managed services 4G cellular backhaul project with us due to the value provided by Gilat’s comprehensive end-to-end service and our local presence in the region,” said Tobias Dezordi, Gilat’s Regional Vice President for Latin America. “Ongoing business with industry leaders is a testament to Gilat's technological superiority, as well as to our expertise in delivering highly reliable services that meet rigorous SLAs.”
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midastouch017 midastouch017 2 years ago
Tier-1 Mobile Network Carrier in Japan Expanding Their 4G Cellular Network with Gilat's Backhaul over Satellite

https://finance.yahoo.com/news/tier-1-mobile-network-carrier-120500705.html

Gilat receives order for additional VSATs to enable the operator's 4G/LTE network growth

PETAH TIKVA, Israel, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today it has received an order for additional VSATs from its Tier-1 mobile network carrier customer in Japan.

Using Gilat’s unique SkyEdge II-c cellular backhaul system, the mobile network carrier will be expanding their cellular backhaul over satellite. This will enable further growth of their 4G/LTE network into rural zones that are lacking fiber access.

“This additional order is a vote of confidence and a testament to the quality and effectiveness of our cellular backhaul over satellite solution,” said Michal Aharonov, Chief Commercial Officer at Gilat. “As a flexible and modular platform, SkyEdge II-c can readily support the advanced features present in the operator's open architecture. With technology that enables timely deployment for network extension, Gilat is helping to create a dynamic that massively benefits the local population, as well as setting an enviable example of implementation that can be used by similar MNOs in other countries.”
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midastouch017 midastouch017 2 years ago
One of World’s Largest MNOs to Deploy Gilat’s 4G Cellular Backhaul over Satellite Technology

https://finance.yahoo.com/news/one-world-largest-mnos-deploy-122000260.html

Gilat will enable the MNO to provide Voice and Data over LTE to its subscribers, with deployment expected in first quarter of 2022

PETAH TIKVA, Israel, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that one of the world’s largest Mobile Network Operators (MNOs) will deploy 4G cellular backhaul over satellite technology from Gilat.

The top-tier MNO, serving hundreds of millions of subscribers in Asia, will implement Gilat’s SkyEdge II-c system and Capricorn Outdoor VSATs, which will enable improved Voice and Data over LTE services for its mobile subscribers. This 4G cellular backhaul solution over satellite is expected to be deployed in the first quarter of 2022.

"This new deal represents a major market penetration achievement with significant upside potential for Gilat," said Michal Aharonov, Chief Commercial Officer at Gilat. "Already proven worldwide with market adoption of about 80%, our industry-leading 4G cellular backhaul over satellite solution was selected because of its superior technology and proven track record. We expect to see an expansion of business with this top-tier MNO, and other MNOs throughout the world, as we move forward into 2022.”
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TMaga TMaga 3 years ago
Makes no sense to me either....
I'm sure it's legal, just doesn't look right.
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StockLogistics StockLogistics 3 years ago
No idea why institutional investors sell up to the 6 month consolidation period ends, makes no sense to me.
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TMaga TMaga 3 years ago
Was he the CEO of this company or the CEO of one of the investment companies.

Why sell if this company was so great???
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StockLogistics StockLogistics 3 years ago
Stock took a turn for the worse when this was filed on August 26th:

See last page schedule A, details of selling by a major investor:

https://www.otcmarkets.com/filing/html?id=15190964&guid=KxywkW3a1Bw-B3h

No way to know if this selling stopped or not, retail investors probably got frustrated by having to compete with a seller like that.
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TMaga TMaga 3 years ago
They better figure out something soon...Price is down to $6.75 as of today
11/27/2021
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StockLogistics StockLogistics 3 years ago
4.43 gap from 2017 looking for that price imo
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TMaga TMaga 3 years ago
Down 66% as of 11/22/2021 $7.03

Scary at best
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TMaga TMaga 3 years ago
$7.15 as of 11/18/21 ..... Getting really scary now.
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TMaga TMaga 3 years ago
62% drop in the last 9 months....Something is not looking good right now.
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TMaga TMaga 3 years ago
In Feb of 2021 this stock was $21.00 It is now $7.56.

HHHHEEEELLLLPPPPPPPPPPP!!!!!!!!!!!!
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TMaga TMaga 3 years ago
Just got back from the ER...Looks like GILT is on life support....

$21.00 down to $8.04

Something is seriously wrong here.
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TMaga TMaga 3 years ago
In Feb of 2021 this stock was $21.00 It is now $8.83

Last 5 months 65% drop in share price.

With all the reported sales, this should be going up.

Some youtube videos predicted this to be $40.00 by mid July.(??????)

Could be shorts and MM manipulation. Have to wait and see.

Probably will be 4th quarter before this goes back up.
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TMaga TMaga 3 years ago
In Feb of 2021 this stock was $21.00 It is now $9.80
A 60% drop in 5 months.
Still hearing good things????
Tell us more, but you always fail to post your proof.
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TMaga TMaga 3 years ago
In Feb of 2021 this stock was $21.00 It is now just over $10.00

50% drop in 4 months. That's my reference.
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TMaga TMaga 3 years ago
Please post your references, so we can see if they are credible.
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doinit doinit 3 years ago
I been hearing good things about this company,,,we'll see
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TMaga TMaga 3 years ago
Headed for the basement never to rise again.
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TMaga TMaga 3 years ago
Amazing, all their millions in sales and they are still losing money and you think Elon Musk is interested in their technology???

Elon will destroy this company when all 1400 of his satellites are in low orbit. He says July 1, I doubt it, he only has 640 in orbit so far.

He claims his speeds will be 10X faster than what anybody currently has.

Why would he be interested in GILT????????
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TMaga TMaga 3 years ago
This is by far the deadest board I have ever been on. NO POSTERS no excitement about GILT at all. No interest in this ticker at all, at least that is how it looks.
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TMaga TMaga 3 years ago
I don't know why you directed this to me. I already said I am long up to 3 years. I have no choice but to wait. My shares are in a Roth and I can't withdraw without penalties for 3 more years. I have plenty of patience.

I would feel a lot better if there were more excited posters on this board.
Activity is very low.
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Huntewr7 Huntewr7 3 years ago
TMaga, You need to have a little patience. It is coming. The process is covered with Patents. Projects are are planned, scheduled and have been funded. July is not that far away. It is the time to load the Boat. GLTA
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TMaga TMaga 3 years ago
You would think there would be some excitement and a lot of interest with tons of posts... Crickets!!!!!!!!!!!!!! Pump and Dump coming soon. JMO
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TMaga TMaga 3 years ago
If this stock is so hot with so much upside, why are there no posters on this board??????????????????
Why is it tanking especially on the options list.
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TMaga TMaga 3 years ago
Appreciate your post. Hope you are right. One of the financial advisors on youtube said this could be settled by the end of may or beginning of june.
Elon is set to launch Starlink July 1st GLTA
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Huntewr7 Huntewr7 3 years ago
If Elon wins with his version it is easy 10 bags. If Amazon wins it is still a 10 bagger. If they split the market at 1/2 each it is still 10 bags+. In a high price bid war wins is the best for us share holders. Someone or a group of someone's will have to pay the price for the technology. This is a big deal and a market changer.
This can be determined with 2 quarter sales figures. Perhaps in mid to late July. Just my 2 cents worth and my opinion.
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