IronNet Cybersecurity Touches Year-to-date High

IronNet Cybersecurity, Inc. (IRNT) shares are rising on Thursday morning trade, with a continuous uptrend. The shares reached a year-to-date high, after reaffirming revenue and annual recurring revenue or ARR for fiscal 2022 on September 14.

The provider of cybersecurity through collective defense continues to expect fiscal 2022 revenue in a range of $43-$45 million and ARR of 75 million as of the end of the fiscal year.

Currently, shares are at $38.90, up 21.07 percent from the previous close of $32.13 on a volume of 25,871,848. For the 52-week period, the shares have traded in a range of $9.36-$45.81 on average volume of 2,351,198.

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