Corero Network Security (LON:CNS) Stock Price Down 4.2% – Time to Sell?

Corero Network Security plc (LON:CNSGet Free Report) traded down 4.2% on Tuesday . The company traded as low as GBX 10.77 and last traded at GBX 11.50. 350,260 shares changed hands during trading, an increase of 36% from the average session volume of 257,202 shares. The stock had previously closed at GBX 12.

Analyst Ratings Changes

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

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Corero Network Security Price Performance

The stock has a market capitalization of £56.34 million, a price-to-earnings ratio of -110.00 and a beta of 0.46. The company has a fifty day simple moving average of GBX 12.17 and a 200 day simple moving average of GBX 11.42. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.20 and a current ratio of 1.13.

Insider Buying and Selling

In related news, insider Jeremy Nicholls bought 43,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were purchased at an average cost of GBX 12 per share, with a total value of £5,160. Insiders own 39.67% of the company’s stock.

Corero Network Security Company Profile

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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.

Further Reading

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