Corero Network Security (LON:CNS) Stock Price Up 13% – Here’s What Happened

Posted by Thomas Dobrow on Oct 17th, 2024

Corero Network Security plc (LON:CNS – Get Free Report) traded up 13% during trading on Thursday . The stock traded as high as GBX 27 ($0.35) and last traded at GBX 27 ($0.35). Approximately 665,304 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 568,917 shares. The stock had previously closed at GBX 23.90 ($0.31).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 23.50 ($0.31) target price on shares of Corero Network Security in a research report on Tuesday, September 24th.

Check Out Our Latest Stock Analysis on Corero Network Security

Corero Network Security Stock Up 12.5 %

The firm has a 50 day moving average of GBX 19.63 and a two-hundred day moving average of GBX 16.37. The stock has a market capitalization of £137.67 million, a PE ratio of 675.00 and a beta of 0.46. The company has a current ratio of 1.75, a quick ratio of 1.20 and a debt-to-equity ratio of 1.37.

Corero Network Security Company Profile

(Get Free Report)

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.