Corero Network Security’s (CNS) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Corero Network Security (LON:CNS) in a report released on Tuesday, Marketbeat reports. They currently have a GBX 23.50 ($0.30) target price on the stock.

Corero Network Security Stock Performance

Shares of CNS opened at GBX 16.38 ($0.21) on Tuesday. Corero Network Security has a 12 month low of GBX 8.76 ($0.11) and a 12 month high of GBX 29.30 ($0.38). The company’s fifty day moving average is GBX 17.77 and its 200-day moving average is GBX 19.89. 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 firm has a market cap of £105.00 million, a price-to-earnings ratio of 130.06 and a beta of 0.46.

Insider Buying and Selling

In other Corero Network Security news, insider Carl Herberger purchased 106,530 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average price of GBX 18 ($0.23) per share, with a total value of £19,175.40 ($24,790.43). 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.