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

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

Corero Network Security Trading Down 4.0 %

Shares of CNS stock opened at GBX 15.70 ($0.21) on Tuesday. The stock has a market cap of £100.64 million, a P/E ratio of 124.66 and a beta of 0.46. The company has a quick ratio of 1.20, a current ratio of 1.75 and a debt-to-equity ratio of 1.37. Corero Network Security has a fifty-two week low of GBX 9.11 ($0.12) and a fifty-two week high of GBX 29.30 ($0.38). The business has a fifty day simple moving average of GBX 17.64 and a 200-day simple moving average of GBX 19.84.

Insider Buying and Selling at Corero Network Security

In other Corero Network Security news, insider Carl Herberger acquired 106,530 shares of the stock in a transaction dated Tuesday, January 21st. The stock was acquired at an average price of GBX 18 ($0.24) per share, with a total value of £19,175.40 ($25,125.00). 77.54% of the stock is owned by insiders.

About Corero Network Security

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.