Corero Network Security (LON:CNS) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Corero Network Security plc (LON:CNS)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 12.35 and traded as high as GBX 12.85. Corero Network Security shares last traded at GBX 12.53, with a volume of 49,172 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their target price on shares of Corero Network Security from GBX 19 to GBX 20 and gave the company a “buy” rating in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 20.

Corero Network Security Stock Down 1.7%

The business’s 50 day moving average is GBX 12.35 and its 200-day moving average is GBX 11.20. The stock has a market cap of £64.17 million, a price-to-earnings ratio of -125.30 and a beta of 0.46. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.20 and a current ratio of 1.13.

Insider Transactions at Corero Network Security

In related news, insider Carl Herberger purchased 138,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were purchased at an average price of GBX 13 per share, with a total value of £17,940. Corporate insiders own 39.67% of the company’s stock.

About Corero Network Security

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.