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Is This Beaten Down Cybersecurity Company A Coiled Spring?

TheMotleyFool

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Is This Beaten Down Cybersecurity Company A Coiled Spring?

IronNet, Inc (NYSE: IRNT) is a cybersecurity company that is pioneering a collective defense model using artificial intelligence (AI) and behavioral analytics with their IronDome technology. The company was founded in 2014 and went public via SPAC merger in August 2021. IronNet stock went on quite a ride after its SPAC merger trading as high as $47.50 before dropping sharply to trade in the $7 range since as shown below.