Intrusion (INTZ – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Scott Buck from H.C. Wainwright maintained a Hold rating on the stock and has a $1.00 price target.
Scott Buck has given his Hold rating due to a combination of factors impacting Intrusion’s financial outlook. The company’s recent financial results showed some positive developments, particularly in terms of balance sheet improvements. Intrusion successfully eliminated a significant amount of preferred stock and increased its cash reserves, reducing the need for additional capital in the near future. However, despite these positive changes, revenue growth remains a concern, especially with the continued decline in sales of their Shield product.
While the company plans to address revenue challenges through increased marketing and potential M&A activities, the current revenue trajectory has led to a cautious outlook. The revenue for the fourth quarter of 2024 was slightly below expectations, and the forecast for 2025 has been adjusted downward. Although cost-cutting measures have improved margins, the overall financial performance still reflects challenges in achieving substantial revenue growth. As a result, Scott Buck maintains a Neutral stance with a price target of $1.00, reflecting the current trading conditions and uncertainties surrounding future revenue potential.
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