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IronNet Cybersecurity stock tumbled 17% in morning trading

Tiger Newspress2021-09-17

IronNet Cybersecurity stock tumbled 17% in morning trading.The shares rose more than 150% this month.

IronNet reported quarterly revenue of $6.1 million, which was down from $7.9 million year-over-year. The company reported quarterly subscription revenue of $5.8 million, which was up from $5.3 million year-over-year.

IronNet said it had $14.1 million in cash and cash equivalents at the end of the quarter.

"New customer momentum so far in the second half of our fiscal year is strong and already includes an authorization to proceed with the first installment of a deployment in a significant defense industrial base customer group," said William Welch, co-CEO of IronNet.

IronNet began trading on the New York Stock Exchange following its business combination with LGL Systems Acquisition Corp on Aug. 26. The stock is seeing increased retail investor interest.

IronNet is a global cybersecurity company that aims to transform how organizations secure their networks.

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评论11

  • LennartM
    ·2021-09-18
    like please
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  • 財神發
    ·2021-09-18
    Wow
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  • JS64
    ·2021-09-18
    Ok
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  • IQcute
    ·2021-09-18
    [暗中观察] 
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  • szueyann
    ·2021-09-17
    Please like and comment. Thanks. 
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    • JaydenSee
      [财迷] [财迷]
      2021-09-18
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  • super7white
    ·2021-09-17
    Like and comment pls ☺️
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  • WtfLime
    ·2021-09-17
    Okay
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  • Imgoh
    ·2021-09-17
    Hope not trapped at the top
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    • WtfLime
      Reeee
      2021-09-17
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  • Roboticpro
    ·2021-09-17
    Hmm
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  • carceng
    ·2021-09-17
    Like please
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    • WWX2020
      sure
      2021-09-17
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    • Khai88
      Like and comment back
      2021-09-17
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    • ChoonHong
      Liked
      2021-09-17
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  • Elon2
    ·2021-09-17
    ..
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