Why has IronNet stock been dropping? At the peak, IronNet’s valuations started to appear stretched. As is the case with other short squeezes that Reddit traders have managed to trigger, IRNT stock soon tumbled from the highs.
What happened to IronNet stock?
Apr 07, 2022 · IronNet ( IRNT -5.86% ) shareholders lost ground to the market on Thursday as the stock fell 9% by 1:15 p.m. ET compared to a 0.6% drop in the S&P 500. That drop added to significant short-term ...
Is IronNet (irnt) a good investment?
Apr 14, 2022 · Why IronNet Stock Is Dropping Today - The Motley Fool fool.com - April 7 at 5:51 PM: How Is The Market Feeling About IronNet Inc. Common Stock? - Benzinga - Benzinga benzinga.com - April 7 at 12:50 PM: IronNet Misses Q4 EPS by 25c, Revenue Beats, Offers Guidance By Investing.com - Investing.com investing.com - April 6 at 9:48 PM
Does today's earnings update signal a slower year ahead for IronNet?
Oct 28, 2021 · Why IronNet Stock Is Dropping Today. Is This Beaten Down Cybersecurity Company A Coiled Spring? Why IronNet Plummeted Today. Motley Fool Returns. Market-beating stocks from our award-winning service.
Is IronNet the only cybersecurity company in the market?
Apr 07, 2022 · What happened. IronNet (NYSE: IRNT) shareholders lost ground to the market on Thursday as the stock fell 9% by 1:15 p.m. ET compared to a 0.6% drop in the S&P 500.That drop added to significant ...
Why is IronNet stock down today?
Why IronNet Shares Are Soaring Today IronNet Inc is trading higher Thursday after the company announced an agreement with a Gulf Cooperation Council country to provide collective defense for critical national infrastructure.4 days ago
Is IronNet a good stock to buy?
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $2.89 will give a strong sell signal and a trend shift may be expected.
Is IRNT stock a good buy?
Out of 3 analysts, 0 (0%) are recommending IRNT as a Strong Buy, 0 (0%) are recommending IRNT as a Buy, 3 (100%) are recommending IRNT as a Hold, 0 (0%) are recommending IRNT as a Sell, and 0 (0%) are recommending IRNT as a Strong Sell.
Why did IRNT go down?
Shares of Ironnet ( IRNT 6.20% ) were tumbling one day after they spiked on a deal with Microsoft ( MSFT 1.52% ). Investors seem to have concluded that the cybersecurity stock ran a bit too hot Wednesday, when it surged by 59%.Oct 28, 2021
What sells IronNet?
IronNet delivers the industry's most advanced network detection and response capabilities, enhanced by analytics, threat intelligence, and a seamless ability to collaborate through Collective Defense.
Why did IronNet stock go up?
IronNet Inc. shares were up 21% to $4.23 in premarket trading Thursday after the company said it executed a multiyear contract with a Gulf Cooperation Council country, which is remaining anonymous to help protect its operational security.Feb 10, 2022
What happened
Shares of Ironnet ( IRNT 17.50% ) were tumbling one day after they spiked on a deal with Microsoft ( MSFT 0.92% ). Investors seem to have concluded that the cybersecurity stock ran a bit too hot Wednesday, when it surged by 59%.
So what
The news that sent Ironnet skyrocketing Wednesday was that it had joined Microsoft's Intelligent Security Association (MISA), a nomination-only program.
NYSE: IRNT
In a statement, Ironnet said the partnership demonstrates "IronNet's long-term commitment with Microsoft to deliver better security solutions to customers." Joining MISA will give Ironnet better access to Microsoft's customers, as the announcement is effectively an endorsement of its Collective Defense platform.
Now what
Investors seem to be struggling to put an appropriate valuation on this cybersecurity company, which went public through a SPAC in August. It soared in September, including a huge move following its second-quarter earnings report, before crashing back down to the $10 neighborhood.
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IRNT stock forecast
This stock is highly volatile and only in its infancy having launched on the market as recently as August. It is not a long-term investment potential in our view yet, as it is too early stage to do due diligence on. If you are trading this ticker be prepared to lose heavily as it is that volatile. Only risk what you can afford to lose.
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A Closer Look at IRNT Stock
Going back to the beginning, IRNT stock debuted on the New York Stock Exchange on Aug. 27 after IronNet completed a business combination with LGL Systems Acquisition Corp.
The Best Defense
The press release associated with the SPAC transaction states that IronNet addresses a market that’s expected to grow from $25 billion to $40 billion over the next three years.
A Timely Investment
There are many themes to characterize 2021, and cybersecurity is definitely one of them. As you may recall, the Colonial Pipeline was hit with a ransomware attack in May of this year.
The Bottom Line
The lesson here is that short squeezes can be powerful, but chasing stock-price run-ups can be hazardous.
Valuation
Is IronNet undervalued compared to its fair value and its price relative to the market?
Future Growth
How is IronNet forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Dividend
What is IronNet current dividend yield, its reliability and sustainability?
Management
How experienced are the management team and are they aligned to shareholders interests?
Ownership
Who are the major shareholders and have insiders been buying or selling?
