Corero Network Security (LON:CNS) PT Raised to GBX 23.50 at Canaccord Genuity Group

Corero Network Security (LON:CNS) had its price target hoisted by Canaccord Genuity Group from GBX 12.50 ($0.16) to GBX 23.50 ($0.30) in a report released on Wednesday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has a buy rating on the stock.

Corero Network Security Stock Performance

LON CNS opened at GBX 19.50 ($0.25) on Wednesday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.20 and a current ratio of 1.51. Corero Network Security has a one year low of GBX 6 ($0.08) and a one year high of GBX 20.60 ($0.27). The company’s 50 day moving average price is GBX 16.03 and its 200 day moving average price is GBX 12. The firm has a market capitalization of £99.22 million, a price-to-earnings ratio of 675.00 and a beta of 0.58.

Corero Network Security Company Profile

Corero Network Security plc provides distributed denial of service (DDoS) protection solutions worldwide. The company offers SmartWall DDoS protection solutions that are designed to protect business continuity, service availability, revenues, and brand reputations from harmful DDoS attacks. It also provides DDos Intelligence Service, which specializes in automatic detection and protection solutions with network visibility, analytics, and reporting tools; SecureWatch Managed Services that improves defense against advanced DDoS attacks with its security services; SmartWall One, a solution that offers inline and data path protection, edge and cloud mitigation, and scrubbing; and SecureWatch Analytics that can formulate new mitigation rules.