DroneShield's 2H Looking Rosier Following U.S. Govt Order -- Market Talk

Dow Jones

Oct 09, 2024

0016 GMT - Shaw and Partners senior analyst Abraham Akra is feeling more upbeat on anti-drone company DroneShield after it received a repeat order from a U.S. government customer for its dismounted Counter-UxS systems. Akra says DroneShield's 2H revenue is now "de-risked" and that the order brings DroneShield closer to reaching the 2H revenue consensus expected by analysts. Looking ahead, Akra notes there is optimism that anti-drone legislation will pass in the U.S. Congress, increasing the size of the U.S. market for DroneShield, while conflicts in Ukraine and the Middle East are bringing a focus on anti-drone technology. Akra has a buy rating on DroneShield with a target price of A$1.30/share, roughly in line with recent trading at A$1.32/share, though he notes the stock is considered high risk. (mike.cherney@wsj.com; @Mike_Cherney)

(END) Dow Jones Newswires

October 08, 2024 20:16 ET (00:16 GMT)

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Akra says DroneShield's 2H revenue is now \"de-risked\" and that the order brings DroneShield closer to reaching the 2H revenue consensus expected by analysts. Looking ahead, Akra notes there is optimism that anti-drone legislation will pass in the U.S. Congress, increasing the size of the U.S. market for DroneShield, while conflicts in Ukraine and the Middle East are bringing a focus on anti-drone technology. Akra has a buy rating on DroneShield with a target price of A$1.30/share, roughly in line with recent trading at A$1.32/share, though he notes the stock is considered high risk. 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Akra says DroneShield's 2H revenue is now \"de-risked\" and that the order brings DroneShield closer to reaching the 2H revenue consensus expected by analysts. Looking ahead, Akra notes there is optimism that anti-drone legislation will pass in the U.S. Congress, increasing the size of the U.S. market for DroneShield, while conflicts in Ukraine and the Middle East are bringing a focus on anti-drone technology. Akra has a buy rating on DroneShield with a target price of A$1.30/share, roughly in line with recent trading at A$1.32/share, though he notes the stock is considered high risk. 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Akra says DroneShield's 2H revenue is now \"de-risked\" and that the order brings DroneShield closer to reaching the 2H revenue consensus expected by analysts. Looking ahead, Akra notes there is optimism that anti-drone legislation will pass in the U.S. Congress, increasing the size of the U.S. market for DroneShield, while conflicts in Ukraine and the Middle East are bringing a focus on anti-drone technology. Akra has a buy rating on DroneShield with a target price of A$1.30/share, roughly in line with recent trading at A$1.32/share, though he notes the stock is considered high risk. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DRO.AU":"DRONESHIELD LTD","BK7115":"航天航空与国防"},"translate_title":"根据美国政府命令，DroneShield的2H看起来更加乐观——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DRO.AU":0.9},"content_text":"0016 GMT - Shaw and Partners senior analyst Abraham Akra is feeling more upbeat on anti-drone company DroneShield after it received a repeat order from a U.S. government customer for its dismounted Counter-UxS systems. Akra says DroneShield's 2H revenue is now \"de-risked\" and that the order brings DroneShield closer to reaching the 2H revenue consensus expected by analysts. Looking ahead, Akra notes there is optimism that anti-drone legislation will pass in the U.S. Congress, increasing the size of the U.S. market for DroneShield, while conflicts in Ukraine and the Middle East are bringing a focus on anti-drone technology. Akra has a buy rating on DroneShield with a target price of A$1.30/share, roughly in line with recent trading at A$1.32/share, though he notes the stock is considered high risk. (mike.cherney@wsj.com; @Mike_Cherney) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 08, 2024 20:16 ET (00:16 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}