Corero Network Security (LON:CNS) Insider Carl Herberger Acquires 138,000 Shares of Stock

Corero Network Security plc (LON:CNS) insider Carl Herberger bought 138,000 shares of Corero Network Security stock in a transaction that occurred on Tuesday, February 3rd. The shares were acquired at an average cost of GBX 13 per share, for a total transaction of £17,940.

Corero Network Security Stock Performance

Shares of Corero Network Security stock opened at GBX 13.20 on Thursday. The company has a 50 day moving average price of GBX 10.70 and a 200 day moving average price of GBX 10.19. The firm has a market capitalization of £67.61 million, a P/E ratio of -44.00 and a beta of 0.46. The company has a quick ratio of 1.20, a current ratio of 1.75 and a debt-to-equity ratio of 1.37. Corero Network Security plc has a 52 week low of GBX 8.50 and a 52 week high of GBX 20.38.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 19 target price on shares of Corero Network Security in a research report on Monday, January 12th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 19.

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.