Corero Network Security (LON:CNS) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Corero Network Security plc (LON:CNS) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 12.07 and traded as low as GBX 10.60. Corero Network Security shares last traded at GBX 10.79, with a volume of 50,101 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their price target on shares of Corero Network Security from GBX 19 to GBX 20 and gave the company a “buy” rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 20.

Corero Network Security Trading Up 2.3%

The firm’s 50-day simple moving average is GBX 12.07 and its 200-day simple moving average is GBX 11.51. The company has a quick ratio of 1.20, a current ratio of 1.13 and a debt-to-equity ratio of 2.47. The firm has a market capitalization of £56.34 million, a PE ratio of -110.00 and a beta of 0.46.

Insider Activity at Corero Network Security

In other news, insider Jeremy Nicholls acquired 43,000 shares of the stock in a transaction dated Tuesday, May 5th. The stock was purchased at an average cost of GBX 12 per share, with a total value of £5,160. Company insiders own 39.67% of the company’s stock.

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.