Movement Alert|Ondas Holdings Inc. Rises 8.61% in Regular Trading, Counter-Drone Business and Strong Order Momentum Continue to Drive Gains

Market Focus08-03

On August 3, Ondas Holdings Inc. rose 8.61% in regular trading, trading at $8.1275/share, with turnover of $96.98 million. The stock continues to benefit from a series of recent catalysts centered on its counter-drone and autonomous defense businesses.

On July 24, RSE Ventures and Ondas co-led a strategic investment in FPF Defense to develop next-generation counter-drone interceptors. On July 22, the company announced $70 million in new orders over the prior four weeks spanning unmanned ground systems, counter-drone systems, border security, and autonomous precision-strike capabilities. Earlier in July, Ondas completed its $875.8 million acquisition of Dzyne Technologies, forming the Ondas Sentinel division, and raised full-year revenue guidance to at least $525 million from $390 million. A collaboration with Lockheed Martin integrating Sentrycs cyber-over-RF technology into the Sanctum counter-drone platform further reinforces the growth trajectory ahead of the August 13 earnings report.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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