Corero Network Security (LON:CNS) Shares Down 12.5% – Here’s Why

Shares of Corero Network Security plc (LON:CNS – Get Free Report) fell 12.5% on Thursday . The company traded as low as GBX 6.50 and last traded at GBX 7. 3,184,741 shares were traded during mid-day trading, an increase of 1,063% from the average session volume of 273,874 shares. The stock had previously closed at GBX 8.

Corero Network Security Stock Performance

The stock has a market capitalization of £35.85 million, a price-to-earnings ratio of -70.00 and a beta of 0.46. The company has a 50 day simple moving average of GBX 9.61 and a 200-day simple moving average of GBX 11.30. The company has a quick ratio of 1.20, a current ratio of 1.13 and a debt-to-equity ratio of 2.47.

About Corero Network Security

(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.

Featured Stories

• Five stocks we like better than Corero Network Security
• Asian Market Circuit Breakers Hit Stocks, Not AI Demand
• Riot Platforms Re-Wires the Ledger for a $9B AI Power Play
• Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy?
• Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal

Receive News & Ratings for Corero Network Security Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corero Network Security and related companies with MarketBeat.com's FREE daily email newsletter.