© Provided by Benzinga IronNet Inc. (NYSE: IRNT) shares are surging higher Thursday after the stock is getting pushed by traders. The stock has been seeing increased retail interest and has been trending on multiple social media sites throughout the day. IronNet is up 27% at $41.25 at time of publication.
What happened to IronNet stock?
Sep 15, 2021 · The stock is seeing increased retail investor interest. IronNet is a global cybersecurity company that aims to transform how organizations secure their networks. IRNT Price Action: IronNet was...
Should I trade IronNet Inc (irnt) stock?
Apr 15, 2022 · 4 brokers have issued 1 year price targets for IronNet's shares. Their forecasts range from $4.25 to $29.00. On average, they anticipate IronNet's stock price to reach $16.63 in the next year. This suggests a possible upside of 411.5% from the stock's current price.
Is IronNet's (irnt) share price in a bearish cycle?
Sep 27, 2021 · 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.
What are IronNet's price targets for the next year?
Apr 12, 2022 · IronNet signs stock purchase agreement with Tumim for up to $175M seekingalpha.com - February 15 at 11:10 AM: IronNet Announces Common Stock Purchase Agreement with Tumim Stone Capital for up to $175 Million - Business Wire businesswire.com - February 15 at 4:59 AM: Technology Sector Update for 02/14/2022: KSCP,GRVY,IRNT,ENPH - …
Is IronNet a buy or sell?
IronNet has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.
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.
Is IronNet a good buy?
Valuation metrics show that IronNet, Inc. may be overvalued. Its Value Score of F indicates it would be a bad pick for value investors. The financial health and growth prospects of IRNT, demonstrate its potential to underperform the market.Dec 22, 2021
Is IRNT undervalued?
Is IronNet Inc Stock Undervalued? The current IronNet Inc [IRNT] share price is $3.07. The Score for IRNT is 9, which is 82% below its historic median score of 50, and infers higher risk than normal. IRNT is currently trading in the 0-10% percentile range relative to its historical Stock Score levels.
Why is IRNT down?
IronNet stock fell sharply as the cybersecurity company reported disappointing financial results and slashed its forecast for revenue, citing delays in federal funding for deals it had expected. The company now expects recurring revenue of $30 million in fiscal 2022, down from $75 million previously.Dec 16, 2021
Is CEI a good investment?
CEI has an F grade for Value, Stability, and Quality. The stock's 20.85 trailing-12-month Price/Sales multiple is significantly higher than the 1.74 industry average, and in sync with its Value grade. In addition, CEI's negative 2.52 beta justifies its Stability grade.Mar 3, 2022
Is IronNet a real company?
IronNet merges industry-leading cybersecurity products with unrivaled service to deliver the most advanced real-time defense across global, private, and public sectors. When we work together, we're stronger together. Learn more about our mission.
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.
Is IronNet a buy right now?
4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for IronNet in the last twelve months. There are currently 4 hold rat...
Are investors shorting IronNet?
IronNet saw a increase in short interest in February. As of February 28th, there was short interest totaling 4,200,000 shares, an increase of 43.3%...
What price target have analysts set for IRNT?
4 analysts have issued 12-month price objectives for IronNet's shares. Their forecasts range from $4.25 to $29.00. On average, they expect IronNet'...
Who are some of IronNet's key competitors?
Some companies that are related to IronNet include Bakkt (BKKT) , Cerence (CRNC) , Sapiens International (SPNS) , Momo (MOMO) , Avid Technolog...
What is IronNet's stock symbol?
IronNet trades on the New York Stock Exchange (NYSE) under the ticker symbol "IRNT."
Who are IronNet's major shareholders?
IronNet's stock is owned by a variety of institutional and retail investors. Top institutional investors include Phoenix Holdings Ltd. (1.00%), Bla...
Which major investors are selling IronNet stock?
IRNT stock was sold by a variety of institutional investors in the last quarter, including Susquehanna International Group LLP, Woodline Partners L...
Which major investors are buying IronNet stock?
IRNT stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Geode Capital Management LLC, Charl...
How do I buy shares of IronNet?
Shares of IRNT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBul...
About IronNet
IronNet Cybersecurity Inc. provides cybersecurity by delivering collective defense platform. IronNet Cybersecurity Inc., formerly known as LGL Systems Acquisition Corp., is based in RENO, NV.
IronNet (NYSE:IRNT) Frequently Asked Questions
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IronNet in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" IronNet stock.
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.
