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ASNS

Actelis Networks, Inc.

https://actelis.com

Industry

Communication Equipment

Actelis Networks, Inc., a networking solutions company, designs, develops, manufactures, and markets networking solutions for Internet of Things and telecommunication companies in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It offers ethernet access devices, aggregation switches, broadband amplifiers, and repeaters, as well as element management systems software. The company also provides consulting, troubleshooting, remote support, training, product repairing, and software update services. It serves the intelligent traffic systems, education and industrial campus, airport, smart city, rail, military, energy, oil and gas, and water sectors. The company was founded in 1998 and is based in Fremont, California.

Open

1.36

Mkt cap

8.5M

Volume

141K

High

1.42

P/E Ratio

-1.01

52-wk high

4.60

Low

1.33

Div yield

N/A

52-wk low

0.36

Actelis Networks reported Q2 revenue of $3.43M, reflecting an 81% year-over-year growth from $1.9M last year. The company also reported a net loss of $78,000 and a Non-GAAP adjusted EBITDA profit of $11,000, marking its first positive quarter since 2022.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 9:51 pm

Shares of stocks in the broader tech sector are trading lower as stocks sell off amid concerns over the US economy.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 2:11 pm

Actelis Networks, Inc. (NASDAQ:ASNS) has secured new orders to supply two major German utility providers with its cyber-hardened hybrid-fiber networking solutions. This development highlights Actelis' growing presence in the German energy and utility sectors.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:35 pm

Actelis Networks, Inc. (NASDAQ:ASNS) has received new orders worth over $150,000 from a tier-1 military contractor for its cyber-hardened networking solution, the GigaLine 800. This marks the first major deployment of the GL800 on U.S. military bases, following certifications from NIST and JITC, and inclusion on the U.S. Department of Defense's Approved Products List.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:06 pm

Shares of companies within the broader tech sector are trading lower amid overall market weakness, potentially due to ongoing outages.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 7:11 pm

Actelis shares are trading higher after the company received a software and service contract renewal of nearly $1.5 million from a North American customer.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 12:35 pm

Actelis Networks has secured a $1.5 million order for software and services from a major North American customer. The company continues to see success in military, energy, and intelligent transportation IoT infrastructure, showcasing its ability to support large-scale networks with advanced management systems and technical support.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 12:32 pm

Actelis Networks (NYSE:ASNS) has seen a significant rise in its short percent of float, increasing by 163.7% to 12.13%. This indicates a bearish sentiment among investors, as it would take traders an average of 1.0 days to cover their short positions. The company's short interest is notably higher than its peers, whose average short interest is 2.16%.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 2:30 pm

Actelis Networks Inc (NASDAQ:ASNS) shares dropped by 14.3% to $1.98 after announcing a $2.25 million capital raise through warrant exercise and new warrants issuance. The company will issue new unregistered warrants to purchase up to 1,999,340 shares at $1.75 per share, exercisable immediately for 24 months. The net proceeds will be used for general corporate purposes.

Portfolio Pulse from Henry Khederian

July 01, 2024 | 4:30 pm

The article lists the top 10 most-searched tickers on Benzinga Pro for June 2024, highlighting Nvidia, GameStop, SPDR S&P 500 ETF Trust, Tesla, and Apple among others. Nvidia regained the top spot, while GameStop saw a surge in interest. Newcomers MicroAlgo and Actelis Networks also made the top 10.

Portfolio Pulse from Chris Katje

July 01, 2024 | 4:12 pm

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