Corero Network Security (LON:CNS) Reaches New 12-Month High at $13.00

Corero Network Security plc (LON:CNS)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as GBX 13 ($0.16) and last traded at GBX 12.50 ($0.16), with a volume of 1651871 shares traded. The stock had previously closed at GBX 12 ($0.15).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upped their price objective on Corero Network Security from GBX 11.50 ($0.14) to GBX 12 ($0.15) and gave the company a “buy” rating in a research note on Wednesday, March 27th.

Corero Network Security Trading Up 4.2 %

The company has a debt-to-equity ratio of 1.88, a current ratio of 1.51 and a quick ratio of 1.20. The business’s fifty day simple moving average is GBX 10.12 and its 200 day simple moving average is GBX 9.09. The stock has a market cap of £63.60 million, a price-to-earnings ratio of 675.00 and a beta of 0.65.

About Corero Network Security

Corero Network Security plc provides distributed denial of service (DDoS) protection solutions worldwide. The company offers SmartWall DDoS protection solutions that are designed to protect business continuity, service availability, revenues, and brand reputations from harmful DDoS attacks. It also provides DDos Intelligence Service, which specializes in automatic detection and protection solutions with network visibility, analytics, and reporting tools; SecureWatch Managed Services that improves defense against advanced DDoS attacks with its security services; SmartWall One, a solution that offers inline and data path protection, edge and cloud mitigation, and scrubbing; and SecureWatch Analytics that can formulate new mitigation rules.