Shares in Value Logo

Date : 08/02/2021

Why did DroneShield’s share price climb today?

DroneShield is a defence contractor that provides protection against drones threatening safety, security and privacy. This morning, the firm revealed their next generation new artificial intelligence software to all their existing customers via an update.

Droneshield has rolled out its first fully machine learning/artificial intelligence based detection and classification software for all their existing customers. The software is being used for near real-time detection and identification of unmanned robotic systems that pose threats in the Electronic Warfare fields.

Droneshield’s technology is known to be a very lightweight machine learning architecture that is designed to run on low power FPGA (Field Programmable Gate Array) hardware. This is a massive advantage as it means that it can last longer in the field and perform well in environments that are air-gapped and power scarce. Their technology and advancements makes DroneShield one of the top ASX tech stocks.

DroneShield Share Price

DroneShield share price rose close to 3% this morning on the back of this announcement. The stock has recovered well over the past few months, however, it is still trading close to 20% off its highs that were seen prior to the March 2020 crash. Amid roday’s rise in stock price, DroneShield shares trades at $0.175 a share, demanding a market capitalisation of $66 million.

Looking for Growth Stocks?

Growth stocks are potentially one of the hardest to pick as there are a lot of factors that need to be considered – from industry tailwinds to financial health of the individual stocks, and a lot of little things in between them. Shares in Value research team have picked their top 3 ASX stocks to buy in 2021. Click here to download the report for free.

Are You Looking To Buy The Best Stocks In 2021?

Stay on top of upcoming market trends. Whether you are a SMSF investor or a young investor we cover a wide range of stocks across all sectors including finance, industrials , real estate , technology, health and biotech etc to give you an edge to invest and trade with an advantage in the ASX listed stocks across large , mid and small caps.

Get stock tips with our Market Experts. We help self-directed investors and self-managed super funds (SMSF) make smarter investment decisions and get better returns. Fill in your details and download your free Report instantly for Top 3 Dividend Stocks to buy in 2021!


I want a Walkthrough

Our specialists are available at any time to provide you with further insight and advice.
Scroll to Top


By submitting this form, I agree to the TERMS AND CONDITIONS and PRIVATE POLICY