Actelis Networks Stock Soars 43% on European Cybersecurity Contract
The $0.3 million deal with a major Southern European telecom carrier boosts the network solutions provider's shares in after-hours trading.
Actelis Networks (NASDAQ: ASNS) saw its shares surge by over 43% in after-hours trading Thursday after announcing a significant new contract with a major telecommunications carrier in Southern Europe. The deal, valued at approximately $0.3 million, is for advanced cybersecurity software and services, providing a much-needed boost to the network solutions provider.
The contract will focus on enhancing the security of the carrier's network through upgrades to Actelis' MetaAssist Element Management Software (EMS) and other embedded software security features. imposed across the parent global telecommunications group, positioning Actelis to assist in identifying and mitigating network vulnerabilities.
This new contract comes at a critical time for Actelis. Despite the after-hours rally, the company's stock had closed Thursday's regular session at $0.37, down 73.76% year-to-date. The company has a market capitalization of just $5.50 million and has been trading in a 52-week range of $0.33 to $1.78. , and it has fallen significantly since.
Actelis has been undergoing a strategic reorganization to improve its financial health. In its second-quarter 2025 report, the company announced a comprehensive operational restructuring plan aimed at a 20% reduction in quarterly expenses. This plan includes a shift towards software-focused development and a strengthened sales focus in profitable verticals. While Q2 revenues were down year-over-year, they showed a 31% sequential increase from the first quarter.
Recent contract wins suggest the company's new strategy may be gaining traction. In September 2025, Actelis secured a $0.5 million order from the Federal Aviation Administration (FAA) to modernize air traffic control infrastructure. The company also recently announced new orders from a major city in Germany and a leading Texas telecommunications carrier for rural broadband expansion. , with some seeing potential upside while others remain cautious due to the company's financial challenges. This latest contract win, however, provides a positive catalyst for a company in the midst of a significant turnaround effort.