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IRNT

IronNet NYSE:IRNT Stock Report

Last Price

US$2.41

Market Cap

US$243.8m

7D

-2.4%

1Y

-75.9%

Updated

16 Aug, 2022

Data

Company Financials +
IRNT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health4/6
Dividends0/6

IRNT Stock Overview

IronNet, Inc. designs and develops solutions for cyber-attacks.

IronNet Competitors

Price History & Performance

Summary of all time highs, changes and price drops for IronNet
Historical stock prices
Current Share PriceUS$2.41
52 Week HighUS$47.50
52 Week LowUS$1.99
Beta0.25
1 Month Change-1.23%
3 Month Change-8.37%
1 Year Change-75.92%
3 Year Changen/a
5 Year Changen/a
Change since IPO-71.81%

Recent News & Updates

Jun 30

IronNet enters Russell 2000, Russell 3000 Indexes

As part of the 2022 Russell indexes annual reconstitution, IronNet (NYSE:IRNT) joined the small-cap Russell 2000 and the broad-market Russell 3000 Indexes. The stock also was automatically added into the portfolios of numerous growth and value investment funds.

Shareholder Returns

IRNTUS SoftwareUS Market
7D-2.4%3.0%3.6%
1Y-75.9%-14.7%-9.6%

Return vs Industry: IRNT underperformed the US Software industry which returned -14.7% over the past year.

Return vs Market: IRNT underperformed the US Market which returned -9.6% over the past year.

Price Volatility

Is IRNT's price volatile compared to industry and market?
IRNT volatility
IRNT Average Weekly Movement12.1%
Software Industry Average Movement10.2%
Market Average Movement7.7%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: IRNT is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: IRNT's weekly volatility has decreased from 21% to 12% over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2014316Keith Alexanderhttps://www.ironnet.com

IronNet, Inc. designs and develops solutions for cyber-attacks. The company offers IronDefense, an advanced network detection and response solution that provides behavior-based and AI-driven analytics at the network level to detect anomalous activity at individual enterprises and prioritize the threats in its network; and IronDome, a threat-exchange solution that enables collective defense member enterprises to actively exchange individual anonymized cyber anomalies at machine speed in a community of public-private peers. It also provides a suite of technologies that provide real-time threat assessment and updates, behavioral modeling, big data analytics, and proactive threat detection and response capabilities; and consulting and training programs to protect against current and emerging cyber-threats.

IronNet Fundamentals Summary

How do IronNet's earnings and revenue compare to its market cap?
IRNT fundamental statistics
Market CapUS$243.76m
Earnings (TTM)-US$260.31m
Revenue (TTM)US$27.86m

8.8x

P/S Ratio

-0.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IRNT income statement (TTM)
RevenueUS$27.86m
Cost of RevenueUS$9.94m
Gross ProfitUS$17.92m
Other ExpensesUS$278.23m
Earnings-US$260.31m

Last Reported Earnings

Apr 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-2.57
Gross Margin64.32%
Net Profit Margin-934.54%
Debt/Equity Ratio0%

How did IRNT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is IRNT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IRNT?

Other financial metrics that can be useful for relative valuation.

IRNT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue7.7x
Enterprise Value/EBITDA-0.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does IRNT's PS Ratio compare to its peers?

IRNT PS Ratio vs Peers
The above table shows the PS ratio for IRNT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.3x
AIP Arteris
5.8x22.7%US$273.2m
ALLT Allot
1.2x13.9%US$170.5m
OSPN OneSpan
2.2x5.0%US$475.8m
TUFN Tufin Software Technologies
4.1x10.5%US$473.9m
IRNT IronNet
8.8x28.7%US$243.8m

Price-To-Sales vs Peers: IRNT is expensive based on its Price-To-Sales Ratio (8.8x) compared to the peer average (3.3x).


Price to Earnings Ratio vs Industry

How does IRNT's PE Ratio compare vs other companies in the US Software Industry?

Price-To-Sales vs Industry: IRNT is expensive based on its Price-To-Sales Ratio (8.8x) compared to the US Software industry average (5.3x)


Price to Sales Ratio vs Fair Ratio

What is IRNT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IRNT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio8.8x
Fair PS Ratio4.9x

Price-To-Sales vs Fair Ratio: IRNT is expensive based on its Price-To-Sales Ratio (8.8x) compared to the estimated Fair Price-To-Sales Ratio (4.9x).


Share Price vs Fair Value

What is the Fair Price of IRNT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate IRNT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate IRNT's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is IronNet forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


27.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IRNT is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: IRNT is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: IRNT is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: IRNT's revenue (28.7% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: IRNT's revenue (28.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if IRNT's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has IronNet performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-378.0%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: IRNT is currently unprofitable.

Growing Profit Margin: IRNT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if IRNT's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare IRNT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IRNT is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (18.7%).


Return on Equity

High ROE: IRNT has a negative Return on Equity (-1565.24%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is IronNet's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: IRNT's short term assets ($60.1M) exceed its short term liabilities ($36.2M).

Long Term Liabilities: IRNT's short term assets ($60.1M) exceed its long term liabilities ($21.4M).


Debt to Equity History and Analysis

Debt Level: IRNT is debt free.

Reducing Debt: IRNT had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: IRNT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: IRNT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 35% each year


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Dividend

What is IronNet current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate IRNT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate IRNT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if IRNT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IRNT's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as IRNT has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

Keith Alexander (70 yo)

1yr

Tenure

US$375,544

Compensation

General (Ret.) Keith B. Alexander has been a Member of Supervisory Board at Telos Corporation since May 13, 2020. General (Ret.) Alexander serves as Co-Chief Executive Officer, President and Chairman of Ir...


CEO Compensation Analysis

Compensation vs Market: Keith's total compensation ($USD375.54K) is below average for companies of similar size in the US market ($USD1.67M).

Compensation vs Earnings: Keith's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: IRNT's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: IRNT's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: IRNT insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 474.5%.


Top Shareholders

Company Information

IronNet, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: IronNet, Inc.
  • Ticker: IRNT
  • Exchange: NYSE
  • Founded: 2014
  • Industry: Systems Software
  • Sector: Software
  • Implied Market Cap: US$243.762m
  • Shares outstanding: 101.15m
  • Website: https://www.ironnet.com

Number of Employees


Location

  • IronNet, Inc.
  • 7900 Tysons One Place
  • Suite 400
  • McLean
  • Virginia
  • 22102
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 00:00
Earnings2022/04/30
Annual Earnings2022/01/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.