Actelis Networks (ASNS, Financial) announced a new contract worth $140,000 to supply its GigaLine 800 networking solution aimed at upgrading and enhancing cyber-security at military bases. This initiative will enable higher bandwidth capabilities, addressing the increasing connectivity demands of the Army. The deployment is part of a broader effort to modernize military infrastructure, including improved connectivity for barracks and information centers. Despite this positive development, shares of Actelis Networks plummeted over 16% in pre-market trading.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Actelis Networks Inc (ASNS, Financial) is $5.00 with a high estimate of $5.00 and a low estimate of $5.00. The average target implies an upside of 510.69% from the current price of $0.82. More detailed estimate data can be found on the Actelis Networks Inc (ASNS) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Actelis Networks Inc's (ASNS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
