Corero Network Security (LON:CNS) Hits New 1-Year High at $20.50

Shares of Corero Network Security plc (LON:CNS) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 20.50 ($0.26) and last traded at GBX 20.50 ($0.26), with a volume of 999379 shares trading hands. The stock had previously closed at GBX 18.75 ($0.24).

Analysts Set New Price Targets

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

Corero Network Security Trading Down 1.5 %

The company has a debt-to-equity ratio of 1.88, a current ratio of 1.51 and a quick ratio of 1.20. The firm has a market cap of £99.22 million, a PE ratio of 675.00 and a beta of 0.58. The company’s 50 day moving average price is GBX 14.72 and its 200 day moving average price is GBX 11.10.

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.