Corero Network Security plc (LON:CNS – Get Free Report)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 11.64 and traded as low as GBX 8.25. Corero Network Security shares last traded at GBX 8.47, with a volume of 130,963 shares.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group boosted their price objective on Corero Network Security from GBX 19 to GBX 20 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 20.
Corero Network Security Stock Up 1.4%
Insiders Place Their Bets
In other news, insider Jeremy Nicholls acquired 43,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average cost of GBX 12 per share, for a total transaction of £5,160. 39.68% of the stock is currently owned by company insiders.
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.
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