Corero Network Security (LON:CNS) Price Target Raised to GBX 21

Corero Network Security (LON:CNS) had its price target upped by investment analysts at Canaccord Genuity Group from GBX 20 to GBX 21 in a report issued on Wednesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 100.00% from the stock’s previous close.

Corero Network Security Trading Up 23.5%

Shares of CNS stock opened at GBX 10.50 on Wednesday. The company has a market capitalization of £53.78 million, a PE ratio of -105.00 and a beta of 0.46. Corero Network Security has a 52-week low of GBX 6.50 and a 52-week high of GBX 13.50. The business’s fifty day moving average is GBX 8.38 and its 200 day moving average is GBX 10.60. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.20 and a current ratio of 1.13.

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. 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.