Corero Network Security (LON:CNS) Shares Down 14% – What’s Next?

Corero Network Security plc (LON:CNS) shares fell 14% during mid-day trading on Tuesday . The stock traded as low as GBX 16.60 ($0.20) and last traded at GBX 16.60 ($0.20). Approximately 704,538 shares were traded during trading, an increase of 117% from the average session volume of 325,012 shares. The stock had previously closed at GBX 19.30 ($0.24).

Wall Street Analysts Forecast Growth

CNS has been the subject of several research reports. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 24 ($0.29) price target on shares of Corero Network Security in a research note on Tuesday, January 7th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 23.50 ($0.29) target price on shares of Corero Network Security in a research note on Tuesday, September 24th.

Corero Network Security Stock Up 1.1 %

The company has a market cap of £85.43 million, a price-to-earnings ratio of 675.00 and a beta of 0.46. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.20 and a current ratio of 1.75. The business has a 50-day simple moving average of GBX 20.58 and a 200-day simple moving average of GBX 20.30.

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.