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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
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  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Market News Alert: Actelis Networks Continues to Show Positive Commercial Traction with Recent Wins as Multi Billion Dollar Smart City Market Expected to Grow Massively

Actelis Networks continues to gain significant positive momentum with recent orders in critical infrastructure, backed by $5 price target and buy rating from Wall Street analyst as company expands presence in growing smartcities, utility, and defense markets; Company expected to report 2024 financial results soon; Global smartcity market expected to reach 300 billion by 2032 according to recent reports

Market News Alerts Reports: Actelis Networks (NASDAQ: ASNS)*, a leader in cyber-hardened networking solutions, continues to demonstrate strong commercial momentum with recent follow-on orders that expand its footprint in critical infrastructure sectors. The company recently announced a strategic follow-on order from a Hungarian utility provider, building upon their initial engagement announced in October 2023. Additionally, Actelis secured an order for Ventura County, California's Systemic Countywide Signalized Intersection Improvement Project, further reinforcing its position in the intelligent transportation systems (ITS) market.

These latest wins build upon Actelis' impressive momentum following significant orders from Washington D.C.'s Department of Transportation, the City of Seattle (recently named the "smartest city in the U.S."), and a renewal order connected to the UK's National Roads Telecommunications Service (NRTS). The anticipated next phase of NRTS represents a massive £650 million opportunity within the UK's Digital Roads Strategy, potentially positioning Actelis for substantial future involvement in this critical infrastructure initiative.

These commercial developments come as Actelis prepares to report its annual 2024 financial results on Monday, March 24, with a conference call scheduled for 5 p.m. Eastern time. Investors will be watching closely to see how these recent wins translate into financial performance.

In December 2024, Litchfield Hills Research initiated coverage of Actelis with a $5 price target and Buy rating, highlighting the company's technology portfolio and global reach, serving customers across 30 countries, including government agencies, transportation authorities, and defense organizations.

With the global smart cities market reportedly projected to expand to $300 billion by 2032, and the ITS segment expected to reach $65.33 billion by 2032, Actelis appears well-positioned with its cyber-hardened networking solutions for these rapidly growing IoT and critical infrastructure markets.

Recent News Highlights from Actelis

* Disclaimer: Nothing in this report constitutes financial or investment advice, nor does it represent an offer to buy or sell securities. This alert is published by MarketNewsAlerts, a promotional content brand which is part of the Wall Street Wire™ network. The operators of Wall Street Wire are not registered brokers, dealers, or investment advisers. This distribution contains paid promotional content related to Actelis Networks and was produced as part of their paid subscription to Wall Street Wire. This report has not been reviewed or approved by Actelis Networks prior to publication. Please review the full disclaimers and compensation disclosures here: redditwire.com/terms. We are not responsible for the price targets mentioned in this article nor do we it endorse them, they are quoted based on publicly available news reports. Readers are advised to refer to the full reports mentioned on various systems and the disclaimers/disclosures they may be subject to.

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