Schall, Brown & Schwartz LLP (“SBS”), a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Gilat Satellite Networks Ltd. (“Gilat” or “the Company”) (NASDAQ: GILT) for violations of the securities laws.
INVESTIGATION DETAILS: The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Gilat reported its Q3 2026 financial results on November 10, 2026. The Company reduced its revenue guidance for the full year, explaining that, “Coupled with changing customer delivery and installation schedules, new orders are delayed and revenues are shifted into 2027 despite our significant order backlog. In Peru, an agreement originally expected to be signed at the first half of 2026 was signed at the end of the third quarter, shifting the associated revenues into 2027… Competitive pressure, longer decision-making process and GEO and LEO launch delays, customer delivery changes and ongoing commercial negotiations have shifted revenue timing and have affected our revenue outlook.” Based on this news, shares of Gilat fell by 20.4% on the same day.
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We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at david@schallfirm.com.
WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20261115749678/en/
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