Corero Network Security (LON:CNS) Hits New 1-Year High – What’s Next?

Corero Network Security plc (LON:CNS)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 24.97 ($0.33) and last traded at GBX 23.23 ($0.30), with a volume of 13976864 shares trading hands. The stock had previously closed at GBX 22.20 ($0.29).

Analyst Ratings Changes

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

Corero Network Security Trading Up 14.2 %

The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.20 and a current ratio of 1.75. The business has a 50 day moving average of GBX 19.63 and a two-hundred day moving average of GBX 16.37. The firm has a market capitalization of £139.82 million, a price-to-earnings ratio of 675.00 and a beta of 0.46.

About Corero Network Security

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.