Canaccord Genuity Group Issues Positive Forecast for Corero Network Security (LON:CNS) Stock Price

Corero Network Security (LON:CNS) had its price target increased by Canaccord Genuity Group from GBX 19 to GBX 20 in a report published on Tuesday, Marketbeat Ratings reports. Canaccord Genuity Group currently has a buy rating on the stock.

Corero Network Security Stock Performance

LON:CNS opened at GBX 12.25 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.28 and a debt-to-equity ratio of 3.14. The firm’s fifty day simple moving average is GBX 12.55 and its 200 day simple moving average is GBX 10.82. The stock has a market cap of £62.74 million, a P/E ratio of -40.83 and a beta of 0.46. Corero Network Security has a twelve month low of GBX 8.50 and a twelve month high of GBX 18.50.

Insider Buying and Selling at Corero Network Security

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

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.