Corero Network Security (LON:CNS) Insider Carl Herberger Purchases 227,272 Shares of Company Stock

Key Points

• Insider Carl Herberger purchased 227,272 Corero Network Security shares at GBX 15 each, spending approximately £34,091.
• Corero shares opened at GBX 15.40 and have risen 5.1%; the stock’s 52-week range is GBX 6.50 to GBX 17.50, with a market capitalization of about £78.87 million.
• Canaccord Genuity raised its price target from GBX 20 to GBX 21 and maintained a “Buy” rating; the stock has an average analyst rating of “Buy.”

Corero Network Security plc (LON:CNS - Get Free Report) insider Carl Herberger acquired 227,272 shares of the company's stock in a transaction on Thursday, October 22nd. The stock was purchased at an average cost of GBX 15 per share, for a total transaction of £34,090.80.

Corero Network Security Stock Up 5.1%

CNS stock opened at GBX 15.40 on Monday. Corero Network Security plc has a one year low of GBX 6.50 and a one year high of GBX 17.50. The stock has a market capitalization of £78.87 million, a PE ratio of 22.00 and a beta of 0.46. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.20 and a current ratio of 1.27. The company has a fifty day moving average of GBX 10.99 and a 200-day moving average of GBX 10.71.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price objective on Corero Network Security from GBX 20 to GBX 21 and gave the company a "buy" rating in a report on Wednesday, September 9th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, Corero Network Security presently has an average rating of "Buy" and an average target price of GBX 21.

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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