Why Droneshield, TechnologyOne, Telix, and Webjet shares are rising today

These shares are having a great session. But why?

| More on:
Two smiling work colleagues discuss an investment or business plan at their office.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain on Wednesday. In afternoon trade, the benchmark index is up 0.1% to 7,858.8 points.

Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:

DroneShield Ltd (ASX: DRO)

The DroneShield share price is up 4.5% to 93 cents. Investors have been buying the counter drone technology company's shares after it announced a new major contract win. Droneshield advised that it has received a repeat order of A$5.7 million from a U.S. Government customer for a number of its CUxS (Counter-UxS) systems. The delivery, involving multiple DroneShield product lines, is expected to be completed in several stages throughout the remainder of the year.

TechnologyOne Ltd (ASX: TNE)

The TechnologyOne share price is up 8% to $18.06. This enterprise software provider's shares have been on fire since the release of its half-year results on Tuesday. One broker that was impressed was Bell Potter. In response, the broker retained its buy rating and lifted its price target on the company's shares to $19.00. It said: "The positive surprise of the result was the full-year guidance of 12-16% PBT growth whereas Technology One historically has typically provided guidance of 10-15% growth."

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix Pharmaceuticals share price is up 4.5% to $16.09. This follows the release of the radiopharmaceutical company's annual general meeting presentation. At the event, Chairman, Kevin McCann, said: "Despite all that we have achieved, there is plenty more to come. Indeed, it is the view of Management that 2024 is going to be the biggest year yet for Telix. By the end of the year, we expect to have launched new products and territories, reported several key development milestones for our therapy programs and progressed some of our very exciting "next generation" assets – such as TLX592 and TLX300."

Webjet Ltd (ASX: WEB)

The Webjet share price is up 8% to $9.14. Investors have been buying the online travel agent's shares following the release of its full-year results. Webjet reported a 29% increase in revenue to $472 million and a 40% jump in underlying EBITDA to $188 million. A key driver of this growth was the WebBeds business, which reported a 26% increase in booking volumes and a 39% jump in EBITDA to $162 million. The company also revealed that it is looking to unlock value by demerging its WebBeds business into a separate ASX listing.

Should you invest $1,000 in Treasury Wine Estates Limited right now?

Before you buy Treasury Wine Estates Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Treasury Wine Estates Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor James Mickleboro has positions in Technology One and Telix Pharmaceuticals. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield, Technology One, and Telix Pharmaceuticals. The Motley Fool Australia has recommended Technology One and Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

Person pretends to types on laptop drawn in sand.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors had a rough start to the week today.

Read more »

A person in a gorilla suit leaps really high holding a banana, nearly doing the splits.
Share Gainers

Up 1,238% in a year, why is this ASX gold stock surging again on Monday?

The ASX gold stock is now well into ten-bagger range and still rising fast today.

Read more »

A happy investor sits at his desk in front of his laptop and does the mexican wave with his arms to celebrate the returns from his ASX dividend shares
Share Gainers

Why EOS, Gorilla Gold, Lendlease, and OFX shares are charging higher today

These shares are starting the week on a positive note. But why?

Read more »

A woman in a business suit sits at her desk with gold bars in each hand while she kisses one bar with her eyes closed. Her desk has another three gold bars stacked in front of her. symbolising the rising Northern Star share price
Gold

How this ASX All Ords gold stock turned $10,000 into $78,740 in just one year

The ASX All Ords gold miner has raced higher over the year. Let’s find out how.

Read more »

Ten happy friends leaping in the air outdoors.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors enjoyed a happy end to the trading week this Friday.

Read more »

A woman wearing yellow smiles and drinks coffee while on laptop.
Bank Shares

CBA shares top $170. Where to now?

Another day, another record high for CBA shares.

Read more »

Two people jump and high five above a city skyline.
Share Gainers

Why these 5 ASX 200 stocks are racing higher this week

It’s been a stellar week for these five ASX 200 stocks. But why?

Read more »

Two happy excited friends in euphoria mood after winning in a bet with a smartphone in hand.
Share Gainers

Why Appen, Aspen, Catalyst Metals, and Core Lithium shares are racing higher today

Let's see why these shares are roaring higher today and ending the week on a high.

Read more »