Why Ondas Holdings Plummeted on Monday

Ondas Holdings (NASDAQ: ONDS) wasn't exactly a hit with investors on Monday. The specialty networking services company reported disappointing second-quarter earnings, and investors responded by trading the stock down; it closed the day nearly 14% lower.

One large problem with Ondas' performance was net revenue, which fell on a year-over-year basis and landed well short of analyst expectations. For the quarter it totaled $887,400, 23% below the Q2 2020 result. Analysts following the stock were collectively anticipating just over $1.2 million.

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Source Fool.com