Corero Network Security (LON:CNS) Sets New 52-Week High at $14.50

Corero Network Security plc (LON:CNS) shares hit a new 52-week high on Thursday . The stock traded as high as GBX 14.50 ($0.18) and last traded at GBX 13.93 ($0.18), with a volume of 146573 shares trading hands. The stock had previously closed at GBX 14 ($0.18).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their price objective on Corero Network Security from GBX 11.50 ($0.14) to GBX 12 ($0.15) and gave the stock a “buy” rating in a report on Wednesday, March 27th.

Corero Network Security Stock Performance

The company has a current ratio of 1.51, a quick ratio of 1.20 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of £71.24 million, a price-to-earnings ratio of 675.00 and a beta of 0.58. The business has a 50 day simple moving average of GBX 10.43 and a 200-day simple moving average of GBX 9.17.

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.