Why Akoustis Technologies Stock Is Up Today
Portfolio Pulse from Erica Kollmann
Akoustis Technologies, Inc (NASDAQ:AKTS) shares are trading higher after the company announced a $13 million purchase order from an existing customer for Wi-Fi Access Points production programs. This brings the total production commitments to over $21 million. The order supports the customer's Wi-Fi 6E and Wi-Fi 7 platforms, and Akoustis plans to deliver several million units over the next 3-4 quarters.
August 13, 2024 | 2:42 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Akoustis Technologies shares are up 9.25% after announcing a $13 million purchase order from an existing customer, bringing total commitments to over $21 million. The order supports Wi-Fi 6E and Wi-Fi 7 platforms.
The announcement of a significant purchase order from an existing customer indicates strong demand for Akoustis' products, which is likely to positively impact the company's revenue and stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100