Corero Network Security (LON:CNS) Receives Buy Rating from Canaccord Genuity Group

Corero Network Security (LON:CNS)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 24 ($0.30) price objective on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 23.08% from the company’s previous close.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 23.50 ($0.29) price target on shares of Corero Network Security in a research note on Tuesday, September 24th.

Corero Network Security Stock Performance

CNS stock remained flat at GBX 19.50 ($0.24) during midday trading on Tuesday. The company had a trading volume of 719,971 shares, compared to its average volume of 249,638. Corero Network Security has a fifty-two week low of GBX 7.55 ($0.09) and a fifty-two week high of GBX 29.30 ($0.37). The business has a 50 day simple moving average of GBX 21.46 and a 200-day simple moving average of GBX 20.09. The stock has a market capitalization of £99.87 million, a P/E ratio of 675.00 and a beta of 0.46. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.20 and a current ratio of 1.75.

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.