Why Ondas Holdings Stock Jumped Today

Shares of Ondas Holdings (NASDAQ: ONDS) popped today after the company released its third-quarter 2021 results. Despite the company missing analysts' consensus earnings estimate for the quarter Ondas' share price climbed today.

The tech stock was up by as much as 13% today and had gained 8.8% as of 2:46 p.m. EST. 

Ondas said today that revenue decreased by 54% in the third quarter due to lower product sales. Additionally, the company reported a loss of $0.13 per diluted share for the quarter, compared to analysts' consensus estimate of a loss of $0.09 per share. 

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Source Fool.com