Wall Street analysts expect IronNet, Inc. (NYSE:IRNT – Get Rating) to post $7.05 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for IronNet’s earnings. The highest sales estimate is $7.20 million and the lowest is $6.90 million. The business is expected to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that IronNet will report full year sales of $33.80 million for the current financial year, with estimates ranging from $33.60 million to $34.00 million. For the next year, analysts anticipate that the company will post sales of $53.00 million, with estimates ranging from $51.40 million to $54.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for IronNet.
IronNet (NYSE:IRNT – Get Rating) last announced its quarterly earnings results on Wednesday, April 6th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.24). The company had revenue of $8.18 million during the quarter, compared to analyst estimates of $6.85 million.
Shares of IRNT stock opened at $2.51 on Friday. The stock’s fifty day simple moving average is $3.42 and its 200 day simple moving average is $5.17. IronNet has a one year low of $2.03 and a one year high of $47.50.
In other IronNet news, CEO William E. Welch sold 479,542 shares of IronNet stock in a transaction on Tuesday, March 15th. The stock was sold at an average price of $3.74, for a total value of $1,793,487.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald Closser sold 128,376 shares of the business’s stock in a transaction on Tuesday, March 8th. The stock was sold at an average price of $4.15, for a total value of $532,760.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,522,205 shares of company stock valued at $5,663,172.
Several hedge funds have recently added to or reduced their stakes in IRNT. Capital Research Global Investors bought a new stake in shares of IronNet during the third quarter worth $64,236,000. Temasek Holdings Private Ltd bought a new stake in shares of IronNet during the third quarter worth $47,601,000. Athanor Capital LP bought a new stake in shares of IronNet during the third quarter worth $15,220,000. Vanguard Group Inc. raised its position in shares of IronNet by 103.6% during the first quarter. Vanguard Group Inc. now owns 1,749,499 shares of the company’s stock worth $6,648,000 after acquiring an additional 890,248 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of IronNet during the third quarter worth $10,230,000. Institutional investors own 13.99% of the company’s stock.
About IronNet (Get Rating)
IronNet, Inc designs and develops solutions for cyber-attacks. It offers IronDefense, a network traffic analysis platform that delivers scalable behavioral analysis and integrated packet-level cyber hunt to detect advanced threats; and IronDome, a collective defense solution that delivers machine-speed visibility of potential threat campaigns targeting participant industry peers.
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