Why Intrusion (INTZ) Stock Is Popping Off
Portfolio Pulse from Henry Khederian
Intrusion Inc (NASDAQ:INTZ) shares surged by 40% after the company was awarded a $5 million multi-year shield agreement with a telecommunications provider. The deal involves a phased rollout of Intrusion Shield starting in Q4 2023, following a successful pilot initiated in Q1 2023. The five-year agreement allows for potential expansion and additional revenue opportunities beyond the initial projects. During Q3 2023, Intrusion also signed four other contracts expected to grow over time.
October 10, 2023 | 4:44 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Intrusion Inc's stock price surged after securing a $5 million multi-year shield agreement. The deal, which involves a phased rollout of Intrusion Shield, allows for potential expansion and additional revenue opportunities.
The news of Intrusion Inc securing a $5 million multi-year shield agreement with a telecommunications provider has led to a surge in the company's stock price. The deal not only provides immediate revenue but also opens up potential expansion and additional revenue opportunities, which is likely to have a positive impact on the company's future earnings and, consequently, its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100