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 research analysts at Canaccord Genuity Group in a report released on Tuesday, MarketBeat reports. They currently have a GBX 24 ($0.30) price target on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 25.65% from the stock’s current price.

Separately, Canaccord Genuity Group restated 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 Price Performance

CNS opened at GBX 19.10 ($0.24) on Tuesday. The company has a fifty day simple moving average of GBX 21.41 and a 200 day simple moving average of GBX 20.12. The company has a quick ratio of 1.20, a current ratio of 1.75 and a debt-to-equity ratio of 1.37. The stock has a market cap of £97.82 million, a P/E ratio of 675.00 and a beta of 0.46. 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).

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.