Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) swung to losses on sharply lower revenue, missing analysts' forecasts, and has taken cost-cutting measures, including layoffs to deal with the shortfall in income.
PETAH TIKVA, Israel, Dec. 3, 2013 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq:GILT), a worldwide leader in satellite networking technology, solutions and services, today announced that it has completed the sale of its Spacenet Inc.
On Tuesday, Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) completed the sale of its US subsidiary Spacenet Inc. to Oklahoma-based subsidiary SageNet LLC for $16 million, after a delay of a few weeks.
Gilat Satellite Networks Ltd. ( GILT ) is reporting for the quarter ending September 30, 2013. The satellite communications company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.01.
Timalsina, according to the media reports, represented River Road International Limited in the company. ... His company, which initially owned a 70 percent stake in Smart Telecom, had bought an additional 10 percent from Israel-based Gilat Network.
[SatNews] Gilat Satcom and Applied Satellite Technology Ltd (AST) have jointly been awarded a 36 months procurement contract by the Israeli Government covering all MSS services on Inmarsat and Iridium networks. This contract covers IP and handheld ...