Corero Network Security (LON:CNS) Shares Cross Above Fifty Day Moving Average – What’s Next?

Shares of Corero Network Security plc (LON:CNS) crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of GBX 9.75 and traded as high as GBX 12. Corero Network Security shares last traded at GBX 11.74, with a volume of 875,313 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group increased their price target on shares of Corero Network Security from GBX 20 to GBX 21 and gave the company a “buy” rating in a report on Wednesday, September 9th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 21.

Corero Network Security Stock Performance

The firm has a fifty day simple moving average of GBX 9.84 and a 200 day simple moving average of GBX 10.54. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 1.94. The stock has a market cap of £73.01 million, a price-to-earnings ratio of 20.36 and a beta of 0.46.

Corero Network Security Company Profile

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.