Corero Network Security (LON:CNS) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Corero Network Security plc (LON:CNSGet Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 12.27 and traded as low as GBX 9.65. Corero Network Security shares last traded at GBX 10.45, with a volume of 386,107 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 19 price target on shares of Corero Network Security in a research report on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Corero Network Security has an average rating of “Buy” and an average target price of GBX 19.

Get Our Latest Report on CNS

Corero Network Security Stock Performance

The business’s 50-day moving average price is GBX 9.90 and its 200-day moving average price is GBX 12.27. The stock has a market cap of £50.58 million, a PE ratio of -32.92 and a beta of 0.46. The company has a current ratio of 1.75, a quick ratio of 1.20 and a debt-to-equity ratio of 1.37.

Corero Network Security Company Profile

(Get Free Report)

Corero Network Security plc is a global leader in real-time, high-performance, automatic DDoS cyber defense solutions. Both Service and Hosting providers, alongside digital enterprises across the globe rely on Corero’s award winning cybersecurity technology to eliminate the threat of Distributed Denial of Service (DDoS) to their digital environment through automatic attack detection and mitigation, coupled with network visibility, analytics and reporting.

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