Corero Network Security (LON:CNS) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Corero Network Security (LON:CNS) in a research report sent to investors on Tuesday morning, MarketBeat reports. The firm currently has a GBX 23.50 ($0.31) price objective on the stock.

Corero Network Security Price Performance

CNS opened at GBX 19.25 ($0.26) on Tuesday. The company’s 50-day simple moving average is GBX 19.26 and its two-hundred day simple moving average is GBX 15.24. Corero Network Security has a 52-week low of GBX 6.80 ($0.09) and a 52-week high of GBX 20.60 ($0.28). The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.20 and a current ratio of 1.51. The stock has a market capitalization of £98.59 million, a P/E ratio of 675.00 and a beta of 0.46.

Corero Network Security Company Profile

Corero Network Security plc provides distributed denial of service (DDoS) protection solutions worldwide. The company offers SmartWall DDoS protection solutions that are designed to protect business continuity, service availability, revenues, and brand reputations from harmful DDoS attacks. It also provides DDos Intelligence Service, which specializes in automatic detection and protection solutions with network visibility, analytics, and reporting tools; SecureWatch Managed Services that improves defense against advanced DDoS attacks with its security services; SmartWall One, a solution that offers inline and data path protection, edge and cloud mitigation, and scrubbing; and SecureWatch Analytics that can formulate new mitigation rules.