Ondas (ONDS) raises revenue forecast after DZYNE agreement, but stock supply still weighs
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Ondas has raised its revenue forecast following an agreement with DZYNE, with the deal expected to have a positive impact on the company's financial outlook. The acquisition is reported to be valued at around $875 million, and while the company's stock has gained, the increased stock supply is a concern. The exact implications of the deal on Ondas' financials and stock value are still being assessed, with varying estimates and focuses on the company's post-acquisition outlook.
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