Corero Network Security (LON:CNS) Price Target Raised to GBX 20

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

Corero Network Security Stock Up 4.2%

CNS opened at GBX 12.50 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.20 and a debt-to-equity ratio of 2.47. Corero Network Security has a 1-year low of GBX 8.50 and a 1-year high of GBX 18.50. The company has a market capitalization of £64.02 million, a PE ratio of -41.67 and a beta of 0.46. The firm’s 50 day simple moving average is GBX 12.53 and its two-hundred day simple moving average is GBX 10.84.

Insider Buying and Selling

In related news, insider Carl Herberger bought 138,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were bought at an average cost of GBX 13 per share, with a total value of £17,940. Corporate insiders own 39.67% of the company’s stock.

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.