Corero Network Security (LON:CNS) Shares Cross Below 200-Day Moving Average - What's Next?

Corero Network Security plc (LON:CNS - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 18.89 ($0.25) and traded as low as GBX 17 ($0.23). Corero Network Security shares last traded at GBX 17.46 ($0.23), with a volume of 34,437 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 23.50 ($0.31) price target on shares of Corero Network Security in a research report on Tuesday, April 1st.

Corero Network Security Price Performance

The stock has a market cap of £115.38 million, a price-to-earnings ratio of 142.92 and a beta of 0.46. The company has a quick ratio of 1.20, a current ratio of 1.75 and a debt-to-equity ratio of 1.37. The business's fifty day moving average is GBX 16.97 and its two-hundred day moving average is GBX 18.78.

Insider Transactions at Corero Network Security

In other Corero Network Security news, insider Carl Herberger purchased 246,095 shares of the business's stock in a transaction on Thursday, April 10th. The shares were bought at an average cost of GBX 1,531 ($20.45) per share, for a total transaction of £3,767,714.45 ($5,032,341.99). Corporate insiders own 77.54% 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.