Corero Network Security (LON:CNS) Shares Down 12.5% – Here’s Why

Corero Network Security plc (LON:CNS)’s share price fell 12.5% during trading on Thursday . The company traded as low as GBX 6.50 and last traded at GBX 7. Approximately 3,184,741 shares were traded during mid-day trading, an increase of 1,063% from the average session volume of 273,874 shares. The stock had previously closed at GBX 8.

Corero Network Security Price Performance

The company has a current ratio of 1.13, a quick ratio of 1.20 and a debt-to-equity ratio of 2.47. The business’s 50-day simple moving average is GBX 9.61 and its two-hundred day simple moving average is GBX 11.30. The firm has a market cap of £35.85 million, a price-to-earnings ratio of -70.00 and a beta of 0.46.

About Corero Network Security

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. Corero’s industry leading SmartWall and SecureWatch technology provides scalable protection capabilities against external DDoS attackers and internal DDoS botnets in the most complex edge and subscriber environments, while enabling a more cost-effective economic model than previously available.