9 Defense Stocks That Will Skyrocket

2. Byrna Technologies Inc. (NASDAQ:BYRN)

Share Price Upside Potential: 66.45%

Number of Hedge Fund Holders: 14

Byrna Technologies Inc. (NASDAQ:BYRN) is among the 9 Defense Stocks That Will Skyrocket. Last month, the company expanded its Board of Directors with the strategic appointments of Adam Roth and TJ Kennedy.

Roth, a former VP of North America Marketing at Nike, and Kennedy, a veteran in public safety technology, bring with them significant experience in go-to-market execution, brand building, and public safety technology leadership to the firm.

It also adds depth to the Board, which should aid in expanding consumer reach and further consolidating Byrna Technologies Inc. (NASDAQ:BYRN)’s position in the market.

Herbert Hughes, Chairman of the Board, stated the following on the appointments:

“Byrna has reached an inflection point where brand scale and public safety expertise can rapidly accelerate our growth. Adam’s unmatched record shaping Nike into a global cultural powerhouse and TJ’s proven leadership creating FirstNet and scaling mission-critical public safety technologies bring world-class expertise to Byrna. Their appointments reflect our ability to attract board members of the highest caliber and will be invaluable as we continue expanding Byrna’s presence across consumer, private security, and law enforcement markets.”

The stock is up 15% since the appointments on September 9. Byrna Technologies Inc. (NASDAQ:BYRN) manufactures less-lethal equipment and munitions for personal security, private security firms, and law enforcement agencies.