Insider Buying: Corero Network Security (LON:CNS) Insider Purchases £17,940 in Stock

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

Corero Network Security Stock Down 1.9%

LON CNS opened at GBX 13 on Friday. The stock has a fifty day moving average of GBX 10.83 and a 200-day moving average of GBX 10.24. The stock has a market capitalization of £66.58 million, a P/E ratio of -43.33 and a beta of 0.46. Corero Network Security plc has a 52 week low of GBX 8.50 and a 52 week high of GBX 20.38. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.20 and a current ratio of 1.75.

Analyst Ratings Changes

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

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. 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.