IronNet is a cyber security firm that is pretty new on the market. Despite its debut being less than three months since the time of this idea publishing it has already seen some big upward movement, followed by a quick fall back to Earth. Was this purchasing by "smart money" or retail traders chasing a quick buck? Not sure of the answer, but a search of forums...
I remember my first call of SPRT at 2.6usd, when it one in top 3 most shorted stocks.
In few months it skyrocketed to 59usd the dropped to 11.8 before the merger, GREE, which also went down 22% yesterday.
IRNT seems to have the same pump characteristics.
The fiscal results are modest. Annual Recurring Revenue of $24.1 million compared to $19.5 million at the...
