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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Comments

LennartM
2021-09-18
LennartM
like please
Heng08
2021-09-18
Heng08
Wow
JS64
2021-09-18
JS64
Ok
IQcute
2021-09-18
IQcute
[暗中觀察]
szueyann
2021-09-17
szueyann
Please like and comment. Thanks.
- JaydenSee:
  [财迷] [财迷]
super7white
2021-09-17
super7white
Like and comment pls ☺️
- super7white:
  like

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Thanks.&nbsp;","listText":"Please like and comment. Thanks.&nbsp;","text":"Please like and comment. 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