Curated News
By: NewsRamp Editorial Staff
March 27, 2025

Analyst Reiterates Buy Rating on Actelis Networks with $5 Price Target

TLDR

  • Actelis Networks' share price could potentially exceed $6.00, offering an opportunity for significant returns.
  • Actelis Networks achieved a 38% revenue growth in 2024, with a strategic shift towards IoT sales and higher-margin software components.
  • Actelis Networks' focus on cost reduction and core markets like Federal, Military, and Smart City/Transportation sectors contributes to a more efficient and sustainable business model.
  • Actelis Networks secures order for countywide intersection modernization in Ventura County, California, showcasing advancements in infrastructure technology.

Impact - Why it Matters

This news highlights Actelis Networks' positive financial performance and strategic shift towards IoT sales and higher-margin software components. Investors may take note of the potential for Actelis' share price to exceed $6.00 if trading at the average of its peers, indicating a growth opportunity in the market.

Summary

Litchfield Hills Research analyst Theodore O'Neill reiterates Buy rating and $5 price target on Actelis Networks (Nasdaq: ASNS)* after recent financial results. Actelis' shares are priced significantly below peer averages, trading at a discount of 85% to 93% on sales measures compared to industry peers. For FY 2024, Actelis reported revenue of ~$7.8 million, a 38% increase from FY 2023, with improved gross margin to ~55% and decreased operating expenses by ~13% year-over-year.

Source Statement

This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Analyst Reiterates Buy Rating on Actelis Networks with $5 Price Target

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