Corero Network Security (LON:CNS) Insider Purchases £5,160 in Stock

Key Points

• Insider purchase: Director Jeremy Nicholls bought 43,000 shares at GBX 12 on May 5, spending £5,160.
• Analyst support: Canaccord raised its target to GBX 20 and gave a "buy" rating; MarketBeat's consensus rating is also Buy with a GBX 20 target.
• Stock/fundamentals: shares trade around GBX 12.50 (up ~2%), market cap £64.02m, and the company shows a negative P/E of -125, indicating it is currently unprofitable.

Corero Network Security plc (LON:CNS - Get Free Report) insider Jeremy Nicholls acquired 43,000 shares of the business's stock in a transaction on Tuesday, May 5th. The shares were bought at an average cost of GBX 12 per share, with a total value of £5,160.

Corero Network Security Trading Up 2.0%

Shares of CNS opened at GBX 12.50 on Wednesday. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.13 and a quick ratio of 1.20. Corero Network Security plc has a 1 year low of GBX 8.50 and a 1 year high of GBX 18.50. The company has a 50 day simple moving average of GBX 12.27 and a two-hundred day simple moving average of GBX 11.25. The firm has a market cap of £64.02 million, a P/E ratio of -125.00 and a beta of 0.46.

Wall Street Analyst Weigh In

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

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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