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Ondas Inc. (ONDS) Key Business Updates Expected Next Week, Shares Climb 18%

Ondas Inc. (NASDAQ:ONDS) is one of the 10 Stocks With Effortless 18-42% Gains.

Ondas Inc. climbed 18.03 percent on Friday to close at $5.34 apiece as investors began positioning portfolios ahead of business updates from two key events next week, while cheering its expansion plans over the next two years.

The company is set to announce the results of its earnings performance for the third quarter of the year before market open on Thursday, November 12, and participate in a drone security industry and SLTT grant forum on Monday, November 9, where investors will be expecting business updates and cues about the remainder of the year—with particular attention to whether management maintains or upgrades its previous growth guidance.

Photo by Tima Miroshnichenko on Pexels

In its last earnings call, Ondas Inc. raised its revenue growth outlook to a range of $525 million to $550 million, or a tenfold increase from the same period last year, including revenues from its recently completed acquisition of Cyberhawk.

On a pro-forma organic basis, the midpoint of the said range would mark a 30 percent growth year-on-year.

In other news, Ondas Inc. announced plans to expand production of ULTRA—its long-endurance intelligence, surveillance and reconnaissance (ISR) aircraft, targeting 10 aircraft per month through 2028.

In line with the plan, the company entered into a definitive agreement for the entire acquisition of Stemme GmbH—ULTRA’s airframe manufacturer—in an all-cash transaction.

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