New York, June 19, 2026, 11:03 EDT
- Ondas finished Thursday at $9.27, rising 1.64% ahead of the Nasdaq’s Juneteenth closure Friday.
- The company is buying Cyberhawk for about $125 million, with close to 95% of the amount in cash. The deal is set to close in the third quarter.
- Next week, trading will show if investors view the acquisition as steady recurring revenue or see it as more integration risk.
Ondas Inc. stock goes into the long U.S. holiday weekend after a new acquisition, a bumpy week for shares, and a sharper focus from investors on what Cyberhawk’s drone-inspection software and data arm might be worth.
U.S. stocks won’t trade Friday for Juneteenth. The last regular price comes from Thursday’s close. Nasdaq shows June 19, 2026, as a market holiday, with regular trading hours staying 9:30 a.m. to 4:00 p.m. Eastern time.
Ondas is pushing to expand beyond autonomous defense and security gear and into what it calls critical infrastructure intelligence. That covers data and software for tracking things like power lines, energy plants and industrial sites. In a June 18 filing, the company provided a Cyberhawk fact sheet, an investor deck, and submitted a press release about the deal to the SEC.
Ondas put a roughly $125 million value on the Cyberhawk deal. Most of the price—about 95%—is set to be paid in cash. Some Cyberhawk execs plan to roll about $5 million of their payout into Ondas stock, which will have a one-year lock-up, so those shares can’t be sold during that period.
Cyberhawk operates in 40 countries and serves more than 300 customers. The company brings in over $45 million in forecast revenue for its fiscal year through March 2027 and has a $95 million backlog, which is contracted or expected work not delivered yet. Ondas said 95% of Cyberhawk’s revenue is recurring, tied to multi-year contracts and subscriptions. EBITDA margins are in the high single digits. EBITDA stands for earnings before interest, taxes, depreciation and amortization.
The stock ended Thursday at $9.27, gaining 15 cents. About 63.8 million shares traded. It remains a bit under its June 12 close of $9.33, off by roughly 0.6% in the holiday-shortened week.
Stocks moved higher Thursday, with the S&P 500 up 1.1%, the Nasdaq Composite adding 1.9%, and the Russell 2000 up 2.1%, AP reported in its market wrap. U.S. markets ended the week ahead of the holiday closure.
Eric Brock, chairman and CEO at Ondas, said Cyberhawk is a “transformative addition to Ondas.” Chris Fleming, CEO and founder of Cyberhawk, said the deal could lower risk and human exposure. Mark Green, Ondas’ global head of corporate development and M&A, cited Cyberhawk’s “strong customer retention” and “leadership position in utility infrastructure intelligence.” Ondas Inc.
Ondas had cash on hand for a big step. In May, the company said first-quarter revenue came in at $50.1 million. Ondas bumped its 2026 revenue target up to at least $390 million and ended March with $1.48 billion in cash, cash equivalents, restricted cash and short-term investments. CEO Eric Brock said at the time Ondas was seeing “record levels of backlog and visibility.” Ondas Inc.
The peer group shifts a bit with this deal. AeroVironment is still the standout public player in unmanned aircraft and loitering munitions. Skydio pushes its autonomous drones to utility and infrastructure firms. With Cyberhawk, Ondas moves more toward software and services for inspections instead of just hardware and defense autonomy.
The deal still has hurdles. It needs regulatory sign-off and has to clear usual closing steps. In its own slide deck, Ondas pointed out the forward-looking numbers aren’t promises; it also said it couldn’t give a GAAP reconciliation for the 2030 EBITDA-margin goal without too much effort. There’s real integration risk when a firm moves this fast to buy growth.
Short week coming up. Markets won’t trade on Friday, so Monday is where traders get to see how Cyberhawk’s valuation and Ondas’ spending play. The pitch is that selling industrial inspection data pays off with higher margins down the road. There’s a story in the stock, but now it’s about showing results.
