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

Corero Network Security plc (LON:CNS) shares passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of GBX 9.42 and traded as high as GBX 11.80. Corero Network Security shares last traded at GBX 11.15, with a volume of 1,342,808 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their price objective on Corero Network Security from GBX 20 to GBX 21 and gave the stock a “buy” rating in a report on Wednesday, September 9th. 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 price target of GBX 21.

Corero Network Security Stock Up 3.7%

The firm has a market capitalization of £57.11 million, a PE ratio of 15.93 and a beta of 0.46. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 1.94. The firm has a 50-day moving average of GBX 9.42 and a two-hundred day moving average of GBX 10.55.

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.