Shares of Peraso, Inc. (NASDAQ:PRSO) are surging Friday after the company’s 60 GHz mmWave technology was selected for a next-generation drone identification system.
Peraso Selected For Israeli Drone Identification System
The drone identification system is for Israeli military applications, a development that could have substantial implications for its market positioning and future revenue streams. This selection by InTACT, an Israeli defense contractor, underscores the strategic value of Peraso’s proprietary semiconductor devices.
The new system is designed to operate in highly contested electronic warfare environments, enhancing the security and operational efficacy of military drones. This endorsement could potentially open up further opportunities in defense contracts globally, significantly impacting Peraso’s business trajectory.
The broader market, however, moved in the opposite direction with major indices showing declines; the S&P 500 fell by 1.04%, and the Russell 2000 saw a decrease of 2.17%. This contrast highlights the company-specific momentum behind Peraso’s stock rise, driven by its technological achievements rather than broader market trends.
Stock Trades Well Above Key Averages
Peraso’s stock has demonstrated remarkable strength relative to its moving averages, trading 100.3% above its 20-day SMA of 87 cents and 65.3% above its 200-day SMA of $1.05. Over the past 12 months, the stock has surged by 115.42%, reflecting a strong bullish trend. Currently, the stock is positioned closer to its 52-week high of $2.37, indicating sustained investor confidence.
In technical indicators, the RSI stands at 39.57, suggesting a neutral market sentiment, while the MACD indicates a bullish crossover, with the MACD line at -0.0223 above the signal line at -0.0243. These indicators suggest that while the stock is not in the overbought territory, it maintains a positive momentum that could encourage further investment.
Peraso Specializes In Semiconductors For Wireless Technology
Peraso Inc is a fabless semiconductor company focused on the development and sale of millimeter wavelength wireless technology, or mmWave, semiconductor devices and antenna modules based on its proprietary semiconductor devices. Additionally, it engages in non-recurring engineering, or NRE, services and licensing of intellectual property, or IP. The company’s primary focus is the development of mmWave, which ranges from 24 Gigahertz, or GHz, to 300 GHz.
Geographically, the company generates revenue from the United States, Hong Kong and Taiwan. The recent selection of Peraso’s technology for military drone applications not only validates its technological capabilities but also enhances its standing in the global defense sector, potentially leading to increased market share and revenue streams.
Earnings and Analyst Outlook
The countdown is on: Peraso, Inc. Common Stock is set to report earnings on March 18, 2026. With the earnings date rapidly approaching, investors and analysts are keenly finalizing their forecasts for the quarter. Here’s a look at the expected financial figures and analyst sentiments:
- EPS Estimate: Loss of 12 cents (Down from 13 cents YoY)
- Revenue Estimate: $3.13 million (Down from $3.68 million YoY)
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $3.38. Recent analyst moves include:
- Benchmark: Buy (Maintains Target to $3.00) (Dec. 5, 2025)
Shares Double In Regular Trading
PRSO Price Action: Peraso shares were up 113.44% at $1.73 at the time of publication on Friday, according to Benzinga Pro data.
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