Ondas Inc. (NASDAQ:ONDS) shares are up on Friday following a significant new contract announcement.
The company secured a “multi-million dollar” order for its Iron Drone Raider system from a major European customer in a NATO country, which is expected to enhance its position in the civil infrastructure protection market.
The new contract highlights the growing demand for operationally ready counter-UAS systems in civil environments, particularly as hostile drone activity increases.
“The rise in hostile drone activity has reshaped security requirements for airports and urban critical infrastructure,” said Eric Brock, Chairman and CEO of Ondas. “These regulated environments require counter-UAS systems that operate safely without disrupting communications or creating collateral risk”.
This order follows a previous $16.8 million contract for the deployment of the Iron Drone Raider at two major European international airports.
Yesterday, Ondas said its smart demining subsidiary won a tender valued at over $30 million for a multi-year land-clearance program along the Israel-Syria border. The project represents one of the largest demining efforts ever undertaken in Israel.
The program will be executed based on defined milestones, with an initial execution period of up to three years and options for extensions and scope expansion. The project covers approximately 741 acres in a historically contaminated and strategically sensitive region.
Technical Analysis
Currently, Ondas Inc. is trading 13.2% below its 20-day simple moving average (SMA) and 5.9% above its 100-day SMA, indicating some short-term weakness but longer-term strength. Shares have increased 400% over the past 12 months and are currently positioned closer to their 52-week highs than lows.
The RSI is at 41.25, which is considered neutral territory, while MACD is below its signal line, indicating bearish pressure on the stock. The combination of neutral RSI and bearish MACD suggests mixed momentum.
- Key Resistance: $10.00
- Key Support: $8.50
Ondas’s performance today contrasts sharply with the sector’s recent trend, as the Communication Services sector has declined by 1.59% over the past 30 days.
The recent contract win underscores the firm’s strategic focus on expanding its footprint in the autonomous systems market, particularly in civil infrastructure protection. As demand for advanced security solutions grows, the company is well-positioned to capitalize on these opportunities.
Earnings & Analyst Outlook
Ondas is slated to provide its next financial update on Mar. 11, 2026.
- EPS Estimate: Loss of 4 cents (Up from Loss of 15 cents YoY)
- Revenue Estimate: $27.30 million (Up from $4.13 million YoY)
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price forecast of $13.06. Recent analyst moves include:
- Stifel: Buy (Raises Target to $18.00) (Jan. 21)
- Lake Street: Buy (Raises Target to $19.00) (Jan. 20)
- Oppenheimer: Outperform (Raises Target to $16.00) (Jan. 20)
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for Ondas, highlighting its strengths and weaknesses compared to the broader market:
- Momentum: Bullish (Score: 99.15) — Stock is outperforming the broader market.
The Verdict: Ondas’s Benzinga Edge signal reveals strong momentum, indicating that the stock is currently outperforming the market. Traders should monitor for continued strength as the company expands its market presence.
ONDS Price Action: Ondas shares were up 5.96% at $9.51 at the time of publication on Friday, according to Benzinga Pro data.
Photo by T. Schneider via Shutterstock
