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Wajeeh Khan

This Penny Stock Is Soaring on a New Drone Contract Win. Should You Buy Peraso Here Amid U.S.-Iran War?

Intact Drone Barchart

Peraso (PRSO) shares more than doubled on Friday after the San Jose-headquartered firm said it has secured a sizable defense contract from InTACT. The defense contractor has picked PRSO’s 60 GHz mmWave technology for next-generation drone Identification Friend or Foe (IFF) systems, it revealed in a press release dated March 6. 

Despite this meteoric run, Peraso stock remains down more than 30% versus its 52-week high. 

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