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Corero Network Security (LON:CNS) Trading Up 9.5% - What's Next?

Corero Network Security logo with Computer and Technology background

Key Points

  • Corero Network Security shares surged by 9.5% during trading, reaching GBX 10.95 ($0.15), with trading volume increasing by 250% compared to the average.
  • Analyst firm Canaccord Genuity has maintained a "buy" rating for the company, setting a target price of GBX 19, while Corero holds a consensus rating of "Buy".
  • Insider Chris Goulden recently purchased 220,264 shares at GBX 9 each, reflecting strong confidence among insiders as they own 39.64% of the stock.
  • Interested in Corero Network Security? Here are five stocks we like better.

Corero Network Security plc (LON:CNS - Get Free Report) was up 9.5% during trading on Friday . The company traded as high as GBX 11 ($0.15) and last traded at GBX 10.95 ($0.15). Approximately 960,609 shares traded hands during trading, an increase of 250% from the average daily volume of 274,093 shares. The stock had previously closed at GBX 10 ($0.13).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 19 target price on shares of Corero Network Security in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Corero Network Security presently has a consensus rating of "Buy" and a consensus price target of GBX 19.

View Our Latest Analysis on Corero Network Security

Corero Network Security Price Performance

The firm's 50-day moving average is GBX 9.77 and its two-hundred day moving average is GBX 13.88. The company has a market cap of £54.80 million, a P/E ratio of 10,700.00 and a beta of 0.46. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.75 and a quick ratio of 1.20.

Insider Buying and Selling

In other news, insider Chris Goulden acquired 220,264 shares of the company's stock in a transaction on Friday, July 18th. The stock was bought at an average cost of GBX 9 per share, with a total value of £19,823.76. 39.64% of the stock is owned by insiders.

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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