Corero Network Security (LON:CNS) Hits New 1-Year High at $12.88

Shares of Corero Network Security plc (LON:CNS) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 12.88 ($0.16) and last traded at GBX 12.50 ($0.15), with a volume of 855958 shares trading hands. The stock had previously closed at GBX 12 ($0.15).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group increased their target price on shares of Corero Network Security from GBX 11.50 ($0.14) to GBX 12 ($0.15) and gave the company a “buy” rating in a research note on Wednesday, March 27th.

Corero Network Security Trading Down 2.0 %

The firm has a market capitalization of £61.06 million, a price-to-earnings ratio of 675.00 and a beta of 0.65. The firm’s 50 day moving average is GBX 9.73 and its 200 day moving average is GBX 8.95. The company has a quick ratio of 1.20, a current ratio of 1.51 and a debt-to-equity ratio of 1.88.

Corero Network Security Company Profile

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.