Corero Network Security (LON:CNS) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Corero Network Security plc (LON:CNS) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 10.43 and traded as high as GBX 12.87. Corero Network Security shares last traded at GBX 12.50, with a volume of 34,634 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 19 target price on shares of Corero Network Security in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 19.

Corero Network Security Stock Performance

The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.20 and a current ratio of 1.75. The stock has a market cap of £64.23 million, a P/E ratio of -41.80 and a beta of 0.46. The business’s 50-day moving average price is GBX 10.43 and its 200-day moving average price is GBX 10.15.

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.