Corero Network Security (LON:CNS) Shares Down 14% – Time to Sell?

Corero Network Security plc (LON:CNS)’s share price traded down 14% during trading on Tuesday . The company traded as low as GBX 16.60 ($0.20) and last traded at GBX 16.60 ($0.20). 704,538 shares traded hands during trading, an increase of 117% from the average session volume of 325,012 shares. The stock had previously closed at GBX 19.30 ($0.24).

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group restated a “buy” rating and set a GBX 23.50 ($0.29) price objective on shares of Corero Network Security in a research report on Tuesday, September 24th. Canaccord Genuity Group restated a “buy” rating and set a GBX 24 ($0.29) price objective on shares of Corero Network Security in a research report on Tuesday, January 7th.

Corero Network Security Stock Performance

The company has a debt-to-equity ratio of 1.37, a current ratio of 1.75 and a quick ratio of 1.20. The firm has a fifty day moving average price of GBX 20.98 and a two-hundred day moving average price of GBX 20.24. The stock has a market capitalization of £85.02 million, a PE ratio of 675.00 and a beta of 0.46.

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.