Gilat Satellite Networks stock gains as Peru deal adds contract value

Gilat Satellite Networks Ltd. (ISIN IL0010825108) closed at USD 10.06 on Nasdaq on September 21, 2026, gaining 2.44 percent from the prior close. The company also secured a USD 14 million Peru broadband agreement in August, adding a concrete contract catalyst to the stock story.

Peru contract expands reach

According to Israel Defense on August 18, 2026, Gilat signed a USD 14 million agreement to build a broadband network in Peru's Ayacucho region. The project is designed to connect 273 public institutions across 109 localities, including 236 schools and 37 healthcare facilities, and is expected to reach about 20,000 residents.

The contract gives the market a measurable operating reference rather than a purely strategic announcement. Its value equals about 11.4 percent of the USD 122.66 million quarterly revenue reported for Q2 2026, although the contract value and quarterly revenue belong to different measurement periods.

Quarterly revenue sets benchmark

MarketBeat reports that Gilat issued its quarterly results on June 30, 2026, with Q2 revenue of USD 122.66 million and earnings per share of USD 0.20. The revenue figure provides the latest period-specific scale available in the current market coverage, while the Peru award supplies a separate order benchmark.

At USD 10.06, the Nasdaq close stood 51.9 percent below the 52-week high of USD 20.93 and 7.4 percent above the 52-week low of USD 9.37, based on the September 21, 2026 market snapshot. Volume was 475,469 shares, below the stated average volume of 509,078 shares, a difference of 33,609 shares.

Valuation remains below target

MarketBeat lists a consensus rating of Moderate Buy and an average price target of USD 20.00 as of September 22, 2026. That target is USD 9.94 above the September 21 closing price, or 98.8 percent higher, but it represents aggregated analyst data rather than a company forecast.

For investors, the central contrast is clear: the Peru contract adds USD 14 million in signed project value, while the share price remains close to its 52-week low relative to the USD 20.93 high. Execution, timing of revenue recognition and delivery across 109 localities therefore matter more than the contract headline alone.

Stock closes at USD 10.06

Gilat Satellite Networks stock closed at USD 10.06 on Nasdaq on September 21, 2026, with a daily gain of 2.44 percent. Market capitalization was USD 742.73 million, and the 52-week range was USD 9.37 to USD 20.93.

More news and analyses on Gilat Satellite Networks stock