Canaccord Genuity Group Reiterates “Buy” Rating for Corero Network Security (LON:CNS)

Corero Network Security (LON:CNS)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity Group in a research report issued on Tuesday, MarketBeat reports. They currently have a GBX 24 ($0.30) target price on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 25.65% from the stock’s current price.

Separately, 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 report on Tuesday, September 24th.

Corero Network Security Stock Performance

LON:CNS opened at GBX 19.10 ($0.24) on Tuesday. The firm’s 50 day moving average is GBX 21.41 and its 200 day moving average is GBX 20.12. Corero Network Security has a 12 month low of GBX 7.55 ($0.09) and a 12 month high of GBX 29.30 ($0.36). The company has a current ratio of 1.75, a quick ratio of 1.20 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of £97.82 million, a PE ratio of 675.00 and a beta of 0.46.

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.