Scott Buck, an analyst from H.C. Wainwright, maintained the Hold rating on Intrusion (INTZ – Research Report). The associated price target remains the same with $1.00.
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Scott Buck has given his Hold rating due to a combination of factors impacting Intrusion’s current financial and operational outlook. The company’s recent financial results showed an improvement in revenue, surpassing expectations, and a slight increase in gross margin. However, these positive developments were counterbalanced by higher operating expenses, leading to an adjusted EBITDA loss that was slightly larger than anticipated.
Despite the company’s efforts to enhance its marketing strategies and expand its customer base, there are lingering concerns about the ability to monetize the Shield product effectively in the short term. The valuation of INTZ shares at $1.00 reflects these mixed signals, as investor optimism is tempered by past balance sheet challenges and the competitive landscape. Long-term prospects remain promising if sales of the Shield software show significant improvement, but current risks, including product concentration and potential dilution, contribute to the Hold rating.
According to TipRanks, Buck is an analyst with an average return of -25.1% and a 21.66% success rate. Buck covers the Technology sector, focusing on stocks such as Lightpath Technologies, Veritone, and AudioEye.