Why Is Actelis Networks (ASNS) Stock Up 144% Today?


  • Actelis Networks (ASNS) stock is up on Tuesday after signing a new partner.
  • The firm is teaming up with Carahsoft Technology to supply governments with its tech.
  • This brings with it heavy trading of ASNS shares this morning.
ASNS Stock - Why Is Actelis Networks (ASNS) Stock Up 144% Today?

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Actelis Networks (NASDAQ:ASNS) stock is taking off on Tuesday after the networking solutions company announced a new partnership with Carahsoft Technology.

This agreement has Carahsoft acting as a provider of Actelis Networks’ Internet of Things and other networking solutions. That’s big news for ASNS stock, as Carahsoft is a trusted information technology (IT) provider for governments.

With this agreement, Carahsoft will supply Actelis Networks’ technology to governments in the U.S. and Canada. That includes federal, state and local agencies, as well as educational organizations.

Actelis Networks Chairman and CEO Tuvia Barlev said the following about today’s news:

“Our new partnership with Carahsoft is a big step forward for Actelis as we look to expand the use of our solutions within Government networks […] Carahsoft is highly respected in the Public Sector and has a strong network of resellers and integrators who can benefit from our hybrid-fiber approach to enable instant and secure connectivity for their customers.”

ASNS Stock Movement Today

With today’s new partnership news comes heavy trading of ASNS stock. This has more than 15 million shares changing hands as of this writing. That’s well above its daily average trading volume of about 2.2 million shares.

ASNS stock is up 143.5% as of Tuesday morning!

Investors will want to stick around for even more of the most recent stock market stories today!

We have all of the hottest stock market news that investors need to know about on Tuesday! Among that is what has shares of NLS Pharmaceutics (NASDAQ:NLSP) stock up, the biggest pre-market stock movers and more. All of that info is ready to go at the links below!

More Stock Market News for Tuesday

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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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