Financial Market

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

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

With this agreement, Carahsoft Technology will supply Actelis Networks’s 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 of Actelis Networks stock 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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Read More: Penny Stocks — How to Profit Without Getting Scammed

On the date of publication, William White did not have (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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