Price Target Lowered; Estimates Lowered; Change Risk Rating
IronNet, Inc. (NYSE: IRNT) was featured in a company-sponsored research note published by Sidoti & Company, LLC. The headline of the note reads, “Lowering Price Target To $6 (From $17) and Downgrade Rating To Highly Risky From Moderately Risky As We Reset Expectations Following Disappointing 3Q:F22 Results And Outlook.”
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About IronNet, Inc.
Founded in 2014 by GEN (Ret.) Keith Alexander, IronNet Cybersecurity is a global cybersecurity leader that is transforming how organizations secure their networks by delivering the first-ever Collective Defense platform operating at scale. Employing a high number of former NSA cybersecurity operators with offensive and defensive cyber experience, IronNet integrates deep tradecraft knowledge into its industry-leading products to solve the most challenging cyber problems facing the world today. Please visit www.ironnet.com.
About Sidoti & Company, LLC
For over two decades, Sidoti has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $100 million-$5 billion market cap range. The firm’s approach affords companies and institutional clients a combination of high-quality research, a small- and microcap-focused nationwide sales effort, broad access to corporate management teams, and extensive trading support. Sidoti serves 500+ institutional clients in North America, including many leading managers of portfolios with $200 million to $2 billion of AUM. Sidoti promotes meaningful interaction between issuers and investors through its conferences (www.sidoti.com/events) and the hundreds of non-deal roadshows hosted each year.
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