Corero Network Security (LON:CNS) Shares Pass Above 50 Day Moving Average – What’s Next?

Corero Network Security plc (LON:CNS)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 21.36 ($0.27) and traded as high as GBX 24 ($0.31). Corero Network Security shares last traded at GBX 22.30 ($0.29), with a volume of 418,562 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 23.50 ($0.30) target price on shares of Corero Network Security in a research report on Tuesday, September 24th.

Corero Network Security Price Performance

The stock has a market capitalization of £112.78 million, a price-to-earnings ratio of 675.00 and a beta of 0.46. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.20 and a current ratio of 1.75. The company has a 50 day moving average of GBX 21.36 and a 200 day moving average of GBX 17.99.

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.