Edward Woo, an analyst from Ascendiant, maintained the Buy rating on Intrusion (INTZ – Research Report). The associated price target is $20.00.
Edward Woo has given his Buy rating due to a combination of factors that suggest Intrusion’s stock has potential for growth despite recent challenges. His positive outlook is based on the company’s focus on the burgeoning cybersecurity market and the introduction of new products such as Shield cloud product and Shield Mobile. Woo acknowledges the firm’s ability to offer sophisticated solutions, like INTRUSION Shield, that meet the increasing demand for advanced cybersecurity measures in an era of escalating cyber threats and a growing number of connected devices.
Additionally, Woo finds the valuation of Intrusion’s stock to be attractive, with a revised 12-month price target that implies a significant upside from the current share price. Despite a weaker than expected Q4 performance, he believes that the company’s long-term prospects and its large market potential outweigh the short-term revenue concerns. The analyst cites the recent $5 million contract and the expanded sales pipeline as indicators of future growth, suggesting that these developments, along with the company’s strategic focus, will contribute to a positive trajectory for Intrusion’s financials.
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Intrusion (INTZ) Company Description:
Intrusion, Inc. engages in the provision of network security solutions. It specializes in the development, and marketing of entity identification, high speed data mining cybercrime and advanced persistent threat detection products. The company supports a range of customers including United States federal government entities, local government, banks, airlines, credit unions, and other financial institutions as well as hospitals, and other healthcare providers by providing products such as TraceCop for identity discovery and disclosure, and Savant for network data mining and advanced persistent threat detection. Intrusion was founded by T. Joe Head and G. Ward Paxton in September 1983 and is headquartered in Richardson, TX.
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