Corero Network Security (LON:CNS) Trading Down 14% – Here’s Why

Shares of Corero Network Security plc (LON:CNS) traded down 14% on Tuesday . The stock traded as low as GBX 16.60 ($0.20) and last traded at GBX 16.60 ($0.20). 704,538 shares were traded during trading, an increase of 117% from the average session volume of 325,012 shares. The stock had previously closed at GBX 19.30 ($0.24).

Wall Street Analyst Weigh In

CNS has been the topic of several recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 24 ($0.29) price target on shares of Corero Network Security in a research note on Tuesday, January 7th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 23.50 ($0.29) price target on shares of Corero Network Security in a research report on Tuesday, September 24th.

Corero Network Security Stock Performance

The company has a quick ratio of 1.20, a current ratio of 1.75 and a debt-to-equity ratio of 1.37. The firm has a 50-day simple moving average of GBX 20.58 and a 200 day simple moving average of GBX 20.30. The company has a market cap of £85.43 million, a price-to-earnings ratio of 675.00 and a beta of 0.46.

Corero Network Security Company Profile

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.