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Tag: Intrusion

  • What’s Pushing Intrusion (INTZ) Stock Up?

    What’s Pushing Intrusion (INTZ) Stock Up?

    In the pre-market session today, shares of Intrusion Inc. (NASDAQ: INTZ) are experiencing notable momentum, witnessing an impressive 18.00% uptick to reach a value of $0.4130. It is noteworthy that the stock of Intrusion had previously closed the last session at $0.3500, having exhibited a robust surge of 14.90% on the preceding Monday. The catalyst for this upward trajectory in INTZ stock can be attributed to a strategic and multi-year agreement, which has been contributing to its surge ahead of the market’s opening today.

    Intrusion (INTZ) today announced that it has secured a significant $5 million contract with a major telecommunications company. The agreement reaffirms INTZ’s commitment to providing top-notch support through its Intrusion Shield platform for the telecommunications provider’s data centers. The introduction of Intrusion Shield is scheduled to begin in the final quarter of 2023, following the prosperous test program initiated in the early part of that year.

    The conditions of this five-year agreement provide an opportunity for potential growth in the utilization of Intrusion Shield, with the chance to generate extra income after finishing the initial project stage. During the third quarter of 2023, Intrusion also finalized four other contracts, all with promising growth potential in various industries.

    As a leading provider of cybersecurity solutions aimed at thwarting cyber threats, Intrusion intended to leverage that multi-year partnership to bolster the protection of critical infrastructure against malicious actors. INTZ has been closely monitoring the increasing targeting of data centers across global businesses, and this agreement serves as a testament to the scalability and effectiveness of Intrusion Shield.

    In conjunction with this major contract, Intrusion’s recent successes in securing four additional contracts spanning diverse industries during the third quarter underscore the effectiveness of its go-to-market strategy through strategic partnerships. Intrusion (INTZ) plans to share further details about the collaboration with the telecommunications provider once implementation details are finalized, and a public announcement ceremony has been scheduled.

  • Why did Intrusion Inc. (INTZ) stock skyrocket on Tuesday?

    Intrusion Inc. (INTZ) shares declined 4.67% in after-hours on Tuesday, July 27, 2021, and closed the daily trading at $4.90 per share. Earlier in the regular trading session of Tuesday, INTZ’s stock gained 52.07%. INTZ shares have fallen 44.19% over the last 12 months, and they have moved up by 20.66% in the past week. Over the past three months, the stock has lost 71.51%, while over the past six months, it has declined 78.57%. The company has a current market of $96.68 million and its outstanding shares stood at 17.54 million.

    Let’s see is there any recent news behind its massive surge on Tuesday?

    INTZ preliminary Q2 2021 financial figures

    On July 20, 2021, INTRUSION, Inc. (INTZ) announced preliminary revenue for the second quarter of 2021, which is expected to be within the range of $1.9 million and $2.0 million.

    Upcoming Financial results announcement

    INTRUSION will announce its full second-quarter results on Thursday, August 12, and host a conference call with Anthony LeVecchio, Chairman of the Board, and Messrs. Byrd and Head participating at 4:00 p.m. Central Time.

    INTZ arranging more funding

    INTRUSION also said that additional capital may be required to achieve profitability. Recently, INTZ has engaged an investment banking firm to evaluate various funding sources, and also potentially constructive longer-term strategic options that might help INTRUSION grow, achieve its operating objectives, and maximize shareholder value.

    INTZ Organizational Changes

    INTZ also made some changes to its management and the Board of Directors of INTRUSION has asked CFO, Franklin Byrd, and CTO, Joe Head–who is also an INTRUSION Co-Founder–to assume operating responsibilities together on behalf of the Company immediately. The changes were made after Jack B. Blount, previously President, Chief Executive Officer and a Board member left the company.

    INTZ inauguration on Russell Microcap® Index

    INTRUSION, Inc(INTZ) joined the Russell Microcap® Index on June 25, 2021, according to a preliminary list of additions published by FTSE Russell on June 4, 2021.

    Intrusion facing several lawsuits

    Intrusion has been dragged into court by many reputable law firms in America and filed several lawsuits against the company.

    Rosen Law Firm filed a lawsuit against INTZ and reminded purchasers of the securities of Intrusion Inc between January 13, 2021, and April 13, 2021.

    According to the lawsuit, the Company made false and misleading statements to the market. Intrusion’s Shield product was not an innovative new offering, but rather the repackaging of existing technology.

    Conclusion

    Well, as of this writing, there is no recent news that could justify the INTZ surge and later its decline. We are unable to predict how it will perform in the coming days.

  • Intrusion Inc. (INTZ) stock had plunged in the premarket trading session; here’s why

    Intrusion Inc. (INTZ) stock had plunged in the premarket trading session; here’s why

    Interruption Inc. (INTZ stock) shares were plunging at last check – 40.24% to exchange at $5.08 in pre-market. INTZ’ stock had previously closed the session at a loss of – 15.00% at $8.50. The INTZ stock volume traded 0.66 million offers, which was higher than the normal everyday volume of 0.32 million offers inside the previous 50 days. INTZ shares have ascended by 40.03% in the course of the most recent year, and they have dropped somewhere around – 15.17% in the previous week. In the course of recent months, the stock has lost – 45.93%, while in the course of recent months, it has shed – 63.11%. Further, the organization has a current market of $139.15 million and its exceptional offers remained at 17.54 million.

    All there is to know about Intrusion as a SaaS company

    Intrusion is considered to be a Software-Application company that specifically works on a Software as a Service (SaaS) business model. The services of this company are expanded along with the operations all across the United States. Its operations include developing, marketing, and supporting its products. The types of SaaS service they provide include advanced persistent threat detection, cybercrime, products entity identification, and data mining. It offers INTRUSION Shield, an detection and reaction security-as-a-service solution for distinguish and stop Zero-Day assaults and ransomware. The organization additionally gives INTRUSION TraceCop, a major information instrument that contains a stock of network selectors and improvements to help criminological examinations; and INTRUSION Savant, an organization observing arrangement that utilizes the information accessible in TraceCop to distinguish dubious traffic progressively.

    Furthermore, the company also has its business diversified by engaging in the reselling of computers, servers that come from various vendors. It provides pre and post-sales services and technical support. These support include network security plan, framework establishment, and specialized counseling administrations. The organization serves US national government elements, state and nearby government substances, and organizations going from mid-market to enormous undertakings through an immediate deals power and worth added affiliates. The organization was once in the past known as Intrusion.com, Inc. also, changed its name to Intrusion Inc. in November 2001. Interruption Inc. was established in 1983 and is settled in Plano, Texas.

    INTZ stock announced preliminary revenue for the Q2 2021

    The company has announced its preliminary revenue as part of the financial result for the performance of the second quarter of the year 2021. The expected revenue is going to be around the range of $1.9 million and $2.0 million. The company is also looking for various funding sources since INTRUSION accepts that extra capital might be needed to accomplish benefit, it has drawn in a speculation banking firm to assess sources, and furthermore possibly productive longer-term key alternatives that may help INTRUSION develop, accomplish its working destinations and augment investor esteem.

    Shield’s reputation is starting to exceed its name as global interest for its solutions increases. However, INTZ stock has encountered a more slow than expected sales growth because the client assessment cycles are taking longer here at the company than normally seen in most undertaking security deals associations. In light of client criticism, the Company stays positive about Shield’s adequacy and the important insurance it offers to clients in assisting them with battling the developing conflict on cybercrime. The teams at INTZ stock keeps on working extensively with accomplices and the business channel to additional slope testing with expected clients and convert a developing pipeline of client commitment into repeating memberships.