Corero Network Security plc (LON:CNS – Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 11.64 and traded as low as GBX 8.25. Corero Network Security shares last traded at GBX 8.47, with a volume of 130,963 shares changing hands.
Analyst Ratings Changes
Separately, Canaccord Genuity Group boosted their price target on Corero Network Security from GBX 19 to GBX 20 and gave the company a “buy” rating in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Corero Network Security presently has an average rating of “Buy” and an average price target of GBX 20.
View Our Latest Stock Analysis on Corero Network Security
Corero Network Security Stock Performance
Insider Buying and Selling
In other news, insider Jeremy Nicholls acquired 43,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average price of GBX 12 per share, with a total value of £5,160. Corporate insiders own 39.68% of the company’s stock.
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.
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