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Gilat Satellite cuts 2026 revenue forecast, triggering SEC investigation and share price drop

Market News
11 Nov 2026, 03:39 WIB
PRNewsWire
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Bearish
Gilat Satellite cuts 2026 revenue forecast, triggering SEC investigation and share price drop

Gilat Satellite Networks reduced its fiscal 2026 revenue guidance from $500-$520 million to $455-$475 million, citing delays in terminal deliveries and satellite projects. This 8.8% cut at the midpoint led to a share price decline and prompted an SEC investigation into potential securities law violations. Investors who relied on the earlier guidance and suffered losses may have legal claims. The company had reaffirmed the higher guidance twice before the reduction, raising concerns about misleading statements.

Gilat Satellite Networks investigation notice provides context for readers following technology stocks. For readers following Technology-sector US stocks on Pluang, here is the market snapshot as of Nov 11, 2026 08:41 WIB: out of 150 priced stocks, 76 rose and 74 fell. Notable movers include VNET Group Inc at USD 3.06 with a 6.56% decline and 100% sell order activity, Core Scientific Inc at USD 13.53 with a 6.37% gain and 100% buy order activity, and Kaltura Inc at USD 1.35 with a 5.59% decline and 99% sell order activity. The most notable figure is the 100% sell order activity for VNET.

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