Gilat Satellite Strengthens its Defense Sector — Stock on the Verge of Breaking out to Yearly Highs!

Gilat Satellite, which is based in Israel and has a market capitalization of just $420 million, specializes in satellite-based broadband communication solutions. In recent years, Gilat has also made significant acquisitions to strengthen its offerings in the defense sector, particularly focusing on the U.S. Department of Defense. On February 12, the company reported strong Q4 figures, with earnings per share of $0.15 and revenues of $78.1 million, alongside robust cash flow generation. The defense and in-flight connectivity sectors showed particularly...