Gilat Secures $60M Pronatel Contract to Upgrade Broadband in Peru

Gilat Satellite Networks Ltd.'s Peruvian subsidiary, Gilat Perú, has secured approximately $60 million in orders from Peru’s national telecommunications program, Pronatel, to upgrade broadband infrastructure in the Apurímac, Huancavelica, and Ayacucho regions. This project will deliver 200 Mbps internet to nearly 800 public institutions, including schools, health centers, and police stations across 280 localities, over a four-year period, significantly enhancing digital inclusion and public services in rural Peru. The initiative is expected to be completed in phases within the next 12 months and reinforces Gilat’s commitment to bridging the digital divide in remote areas. Analysts have given Gilat stock an average price target of around $8.40, reflecting a potential upside of nearly 6%, while GuruFocus suggests a fair value with an upside of 33.8% over the next year. Brokerage consensus rates the stock as an "Outperform" with a score of 1.7, though some AI analyst perspectives remain neutral due to profitability and margin challenges. Overall, Gilat’s growth strategy and strong market positioning in satellite broadband communications underscore its role in advancing connectivity solutions globally, particularly in underserved regions.