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

Canaccord Genuity Group reaffirmed their buy rating on shares of Corero Network Security (LON:CNS) in a report published on Tuesday, MarketBeat reports. The firm currently has a GBX 23.50 ($0.31) price target on the stock.

Corero Network Security Price Performance

CNS stock opened at GBX 19.25 ($0.26) on Tuesday. The company has a market capitalization of £98.59 million, a P/E ratio of 675.00 and a beta of 0.46. Corero Network Security has a 12 month low of GBX 6.80 ($0.09) and a 12 month high of GBX 20.60 ($0.28). The firm’s fifty day simple moving average is GBX 19.29 and its 200-day simple moving average is GBX 15.10. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.51 and a quick ratio of 1.20.

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.