Corero Network Security (LON:CNS) Hits New 52-Week High at $12.88

Corero Network Security plc (LON:CNS)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 12.88 ($0.16) and last traded at GBX 12.50 ($0.15), with a volume of 855958 shares. The stock had previously closed at GBX 12 ($0.15).

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their price target on shares of Corero Network Security from GBX 11.50 ($0.14) to GBX 12 ($0.15) and gave the stock a “buy” rating in a research report on Wednesday, March 27th.

Corero Network Security Stock Performance

The firm’s 50-day moving average price is GBX 9.73 and its 200 day moving average price is GBX 8.95. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.20 and a current ratio of 1.51. The company has a market cap of £61.06 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.