Brokerages Anticipate Intrusion Inc. (NASDAQ:INTZ) Will Announce Quarterly Sales of $2.24 Million

Wall Street brokerages expect that Intrusion Inc. (NASDAQ:INTZ – Get Rating) will report $2.24 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Intrusion’s earnings, with the highest sales estimate coming in at $2.30 million and the lowest estimate coming in at $2.19 million. Intrusion reported sales of $1.96 million in the same quarter last year, which indicates a positive year-over-year growth rate of 14.3%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Intrusion will report full-year sales of $9.66 million for the current year, with estimates ranging from $9.42 million to $9.89 million. For the next fiscal year, analysts anticipate that the company will post sales of $14.28 million, with estimates ranging from $12.78 million to $15.79 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Intrusion.

Intrusion (NASDAQ:INTZ – Get Rating) last released its quarterly earnings data on Thursday, March 17th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.01. Intrusion had a negative net margin of 261.11% and a negative return on equity of 379.40%. The company had revenue of $1.65 million during the quarter, compared to the consensus estimate of $2.38 million. During the same quarter in the prior year, the firm posted ($0.17) earnings per share.

Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Intrusion from a “buy” rating to a “hold” rating in a report on Wednesday. B. Riley dropped their price objective on shares of Intrusion from $2.75 to $2.25 in a research note on Friday, May 13th. Finally, HC Wainwright lowered their target price on shares of Intrusion from $4.00 to $2.50 and set a “neutral” rating for the company in a research note on Monday, March 21st.

Shares of INTZ opened at $2.49 on Friday. The company has a market capitalization of $48.09 million, a price-to-earnings ratio of -2.42 and a beta of 1.30. Intrusion has a fifty-two week low of $1.74 and a fifty-two week high of $18.36. The firm has a 50-day simple moving average of $2.29 and a 200-day simple moving average of $3.19. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.62 and a current ratio of 1.20.

Several hedge funds have recently made changes to their positions in the company. United Capital Financial Advisers LLC boosted its stake in shares of Intrusion by 16.7% in the first quarter. United Capital Financial Advisers LLC now owns 663,350 shares of the company’s stock valued at $1,645,000 after purchasing an additional 95,038 shares during the period. Redmond Asset Management LLC raised its holdings in Intrusion by 4.9% in the first quarter. Redmond Asset Management LLC now owns 455,873 shares of the company’s stock valued at $1,131,000 after acquiring an additional 21,315 shares in the last quarter. Morgan Stanley raised its holdings in Intrusion by 8,594.9% in the third quarter. Morgan Stanley now owns 266,065 shares of the company’s stock valued at $1,081,000 after acquiring an additional 263,005 shares in the last quarter. Geode Capital Management LLC raised its holdings in Intrusion by 16.6% in the fourth quarter. Geode Capital Management LLC now owns 164,442 shares of the company’s stock valued at $565,000 after acquiring an additional 23,358 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Intrusion during the first quarter worth $354,000. Institutional investors and hedge funds own 22.57% of the company’s stock.

Intrusion Company Profile (Get Rating)

Intrusion Inc, together with its subsidiaries, develops, markets, and supports entity identification, data mining, cybercrime, and advanced persistent threat detection products in the United States. It offers INTRUSION Shield, a cybersecurity solution based on security-as-a-service solution to identify and stop Zero-Day and ransomware attacks.

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