Corero Network Security (LON:CNS) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Corero Network Security plc (LON:CNS) shares passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of GBX 9.03 and traded as high as GBX 13. Corero Network Security shares last traded at GBX 12, with a volume of 244,845 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their target price on shares of Corero Network Security from GBX 20 to GBX 21 and gave the company a “buy” rating in a research report on Wednesday, September 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 21.

Corero Network Security Stock Performance

The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.20 and a current ratio of 1.27. The stock has a market cap of £61.46 million, a P/E ratio of -120.00 and a beta of 0.46. The company’s 50 day moving average price is GBX 9.10 and its 200-day moving average price is GBX 10.57.

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.