Corero Network Security (LON:CNS) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Corero Network Security plc (LON:CNSGet Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 11.58 and traded as low as GBX 11.08. Corero Network Security shares last traded at GBX 11.10, with a volume of 180,585 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their price target on shares of Corero Network Security from GBX 19 to GBX 20 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Corero Network Security currently has an average rating of “Buy” and an average target price of GBX 20.

Check Out Our Latest Report on Corero Network Security

Corero Network Security Stock Performance

The firm has a market cap of £56.34 million, a P/E ratio of -110.00 and a beta of 0.46. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.20 and a current ratio of 1.13. The company’s 50 day moving average is GBX 11.85 and its 200 day moving average is GBX 11.58.

Insider Buying and Selling

In related news, insider Jeremy Nicholls acquired 43,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was acquired at an average price of GBX 12 per share, with a total value of £5,160. 39.68% of the stock is currently owned by insiders.

Corero Network Security Company Profile

(Get Free Report)

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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