Corero Network Security (LON:CNS) Shares Up 13% – Still a Buy?

Posted by James Quigley on Oct 19th, 2024

Corero Network Security plc (LON:CNS – Get Free Report) shot up 13% during mid-day trading on Thursday . The company traded as high as GBX 27 ($0.35) and last traded at GBX 27 ($0.35). 665,304 shares traded hands during trading, an increase of 17% from the average session volume of 568,917 shares. The stock had previously closed at GBX 23.90 ($0.31).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 23.50 ($0.31) price objective on shares of Corero Network Security in a report on Tuesday, September 24th.

Read Our Latest Analysis on Corero Network Security

Corero Network Security Price Performance

The business’s fifty day moving average is GBX 19.97 and its 200-day moving average is GBX 16.63. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.75 and a quick ratio of 1.20. The firm has a market cap of £140.84 million, a PE ratio of 675.00 and a beta of 0.46.

Corero Network Security Company Profile

(Get Free Report)

Corero Network Security plc provides distributed denial of service (DDoS) protection solutions worldwide. The company offers SmartWall DDoS protection solutions that are designed to protect business continuity, service availability, revenues, and brand reputations from harmful DDoS attacks. It also provides DDos Intelligence Service, which specializes in automatic detection and protection solutions with network visibility, analytics, and reporting tools; SecureWatch Managed Services that improves defense against advanced DDoS attacks with its security services; SmartWall One, a solution that offers inline and data path protection, edge and cloud mitigation, and scrubbing; and SecureWatch Analytics that can formulate new mitigation rules.