Corero Network Security (LON:CNS) Stock Price Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• Corero Network Security shares have fallen below their 200-day moving average, trading at GBX 11.35 ($0.15), down from a moving average of GBX 13.62 ($0.18).
• Wall Street analysts maintain a "buy" rating on the stock, with a consensus target price of GBX 19.
• Insider Chris Goulden purchased 220,264 shares at an average price of GBX 9 per share, indicating strong insider confidence in the company.

Corero Network Security plc (LON:CNS - Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 13.62 ($0.18) and traded as low as GBX 11.15 ($0.15). Corero Network Security shares last traded at GBX 11.35 ($0.15), with a volume of 770,603 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 19 target price on shares of Corero Network Security in a research report on Tuesday, September 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of GBX 19.

Corero Network Security Trading Down 1.3%

The company has a market cap of £58.13 million, a price-to-earnings ratio of 11,350.00 and a beta of 0.46. The firm has a 50-day moving average price of GBX 9.98 and a 200 day moving average price of GBX 13.62. The company has a current ratio of 1.75, a quick ratio of 1.20 and a debt-to-equity ratio of 1.37.

Insider Transactions at Corero Network Security

In related news, insider Chris Goulden acquired 220,264 shares of Corero Network Security stock in a transaction that occurred on Friday, July 18th. The stock was acquired at an average price of GBX 9 per share, for a total transaction of £19,823.76. 39.64% of the stock is owned by corporate insiders.

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.

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