Worrying Decline in the Health of Cybersecurity Enterprise IronNet
But is everything okay? Why do we see a worrying decline in the health of Cybersecurity Enterprise IronNet?
The cybersecurity company IronNet (NYSE: IRNT) began trading on the NYSE on August 27, 2021. August 27, 2021. Thanks to IronNet's founder and co-CEO, Gen. Keith Alexander, a retired four-star general who previously led the National Security Agency (NSA), the Central Security Service (CSS), and the U.S. Cyber Command; the company grabbed a lot of attention, leading to a SPAC (special purpose acquisition company) merge.
IronNet's shares debuted at $13.44 after the merger, soared to a record high of $41.40 in September of last year, and currently trade for just above $1. Let's examine five blatant red signs to comprehend why IronNet's stock plummeted.
Misrepresentation of Ca...