Shares of Corero Network Security plc (LON:CNS – Get Free Report) shot up 18.8% during trading on Wednesday. The company traded as high as GBX 14.70 and last traded at GBX 14.26. Approximately 3,316,838 shares traded hands during mid-day trading, an increase of 555% from the average session volume of 506,222 shares. The stock had previously closed at GBX 12.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group increased their price target on shares of Corero Network Security from GBX 20 to GBX 21 and gave the company a “buy” rating in a research report on Wednesday, September 9th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 21.
Check Out Our Latest Research Report on CNS
Corero Network Security Trading Up 3.8%
The company has a market capitalization of £79.08 million, a P/E ratio of 22.06 and a beta of 0.46. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.27 and a quick ratio of 1.20. The business’s 50-day moving average price is GBX 10.08 and its two-hundred day moving average price is GBX 10.57.
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.
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