Corero Network Security’s (CNS) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Corero Network Security (LON:CNS) in a research report released on Monday morning, Marketbeat reports. The brokerage currently has a GBX 19 target price on the stock.

Corero Network Security Stock Up 17.9%

CNS opened at GBX 11.79 on Monday. The stock has a market cap of £60.38 million, a price-to-earnings ratio of -39.30 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 firm’s fifty day moving average is GBX 9.82 and its 200 day moving average is GBX 10.31. Corero Network Security has a fifty-two week low of GBX 8.50 and a fifty-two week high of GBX 20.38.

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.