Corero Network Security (LON:CNS) Stock Price Crosses Above 50 Day Moving Average – Here’s Why
by Jessica Moore · The Cerbat GemCorero Network Security plc (LON:CNS – Get Free Report) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 9.65 and traded as high as GBX 10. Corero Network Security shares last traded at GBX 9.59, with a volume of 42,710 shares changing hands.
Analyst Ratings Changes
Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 19 target price on shares of Corero Network Security in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 19.
View Our Latest Stock Report on CNS
Corero Network Security Price Performance
The stock has a market cap of £49.10 million, a P/E ratio of -31.95 and a beta of 0.46. The business has a 50-day simple moving average of GBX 9.65 and a 200 day simple moving average of GBX 10.50. The company has a current ratio of 1.75, a quick ratio of 1.20 and a debt-to-equity ratio of 1.37.
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. Corero’s industry leading SmartWall and SecureWatch technology provides scalable protection capabilities against external DDoS attackers and internal DDoS botnets in the most complex edge and subscriber environments, while enabling a more cost-effective economic model than previously available.