Corero Network Security (LON:CNS) Shares Up 20% on Analyst Upgrade

Corero Network Security plc (LON:CNS)’s share price traded up 20% during mid-day trading on Wednesday after Canaccord Genuity Group raised their price target on the stock from GBX 20 to GBX 21. Canaccord Genuity Group currently has a buy rating on the stock. Corero Network Security traded as high as GBX 10.90 and last traded at GBX 10.20. 6,155,187 shares traded hands during trading, an increase of 1,421% from the average session volume of 404,803 shares. The stock had previously closed at GBX 8.50.

Corero Network Security Trading Up 20.0%

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’s 50 day simple moving average is GBX 8.38 and its two-hundred day simple moving average is GBX 10.60. The stock has a market cap of £52.26 million, a P/E ratio of -102.03 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.