Gilat Satellite Networks is trading 5.1% down at $11.30 following its Q2 earnings report, as investors reacted to a reiterated full-year outlook despite a revenue beat.

  • Revenue grew 17% year-over-year to $122.7 million, slightly exceeding estimates, while GAAP EPS of $0.10 matched expectations.
  • Adjusted EBITDA rose 31% to $15.4 million, but the stock saw a sell-the-news reaction after management maintained its previous 2024 guidance.