Corero Network Security (LON:CNS) Stock Price Down 4.2% – Time to Sell?

Corero Network Security plc (LON:CNS) shares dropped 4.2% during trading on Tuesday . The company traded as low as GBX 10.77 and last traded at GBX 11.50. Approximately 350,260 shares changed hands during trading, an increase of 36% from the average daily volume of 257,202 shares. The stock had previously closed at GBX 12.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their price target on shares of Corero Network Security from GBX 19 to GBX 20 and gave the company a “buy” rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 20.

Corero Network Security Stock Down 8.3%

The firm’s fifty day moving average price is GBX 12.17 and its two-hundred day moving average price is GBX 11.42. The stock has a market cap of £56.34 million, a price-to-earnings ratio of -110.00 and a beta of 0.46. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.13 and a quick ratio of 1.20.

Insider Buying and Selling at Corero Network Security

In related news, insider Jeremy Nicholls acquired 43,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were purchased at an average price of GBX 12 per share, for a total transaction of £5,160. Corporate insiders own 39.67% of the company’s stock.

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.