IRNT Stock: Why The Price Surged

By Amit Chowdhry ● Oct 28, 2021
  • The stock price of IronNet Inc (NYSE: IRNT) increased by 58.64% yesterday. This is why it happened.

The stock price of IronNet Inc (NYSE: IRNT) – an innovative leader transforming cybersecurity through Collective Defense – increased by 58.64% yesterday. Investors responded positively to IronNet announced it has joined the Microsoft Intelligent Security Association (MISA), a nomination-only association, demonstrating IronNet’s long-term commitment with Microsoft to deliver better security solutions to customers.

As a Microsoft partner, IronNet – through its Collective Defense platform – empowers Microsoft customers to execute safe and seamless migrations to the cloud amidst the increasing volume of highly-aggressive and sophisticated cyberattacks.

IronNet’s bi-directional integration with Microsoft Azure Sentinel enables customers to better protect their on-premises, cloud, or hybrid infrastructure. And this integration builds on IronNet’s Azure virtual sensor – which provides on-premises protection of cloud workloads as well as IronNet’s threat-detection integration with Microsoft 365. 

By using anonymized threat information gathered by both IronNet and Microsoft, IronNet’s industry-leading Network Detection and Response (NDR) and Collective Defense capabilities equip enterprise customers with sophisticated tools to manage heightened security challenges brought on by accelerated digital transformation.

IronNet’s Collective Defense platform offers a dynamic and radar-like view of potential incoming attacks — a capability that is especially critical for rapidly detecting and mitigating advanced persistent threat attacks (APT) and ensuring that individual companies and organizations do not have to defend alone against nation-state-level network intrusions. And this real-time picture of the threat landscape—now utilizing access to anonymized Microsoft data and shared knowledge—empowers organizations and industries to more proactively defend against cyberattacks, both on-premises and in the cloud.

KEY QUOTES:

“As we continue to see an increase in malicious cyberattacks against both the public and private sectors, we are pleased to join the Microsoft Intelligent Security Association to advance how we defend together. MISA’s mission directly aligns with our mission at IronNet: to develop integrated and innovative ways to better defend together against an evolving cyber threat landscape.”

— IronNet Founder and Co-CEO, General (Ret.) Keith Alexander

“The Microsoft Intelligent Security Association has grown into a vibrant ecosystem comprised of the most reliable and trusted security software vendors across the globe. Our members, like IronNet, share Microsoft’s commitment to collaboration within the cybersecurity community to improve our customers’ ability to predict, detect, and respond to security threats faster.”

— Maria Thomson, Microsoft Intelligent Security Association Lead

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.