Insider Buying: Corero Network Security plc (LON:CNS) Insider Acquires 106,530 Shares of Stock

Corero Network Security plc (LON:CNS) insider Carl Herberger purchased 106,530 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was bought at an average cost of GBX 18 ($0.22) per share, with a total value of £19,175.40 ($23,641.23).

Corero Network Security Stock Up 5.7 %

Shares of LON CNS opened at GBX 18.77 ($0.23) on Wednesday. The stock has a 50-day moving average price of GBX 20.36 and a two-hundred day moving average price of GBX 20.34. Corero Network Security plc has a 12 month low of GBX 7.75 ($0.10) and a 12 month high of GBX 29.30 ($0.36). The company has a current ratio of 1.75, a quick ratio of 1.20 and a debt-to-equity ratio of 1.37. The company has a market cap of £96.13 million, a price-to-earnings ratio of 675.00 and a beta of 0.46.

Analyst Upgrades and Downgrades

CNS has been the topic of a number of recent analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 23.50 ($0.29) price objective on shares of Corero Network Security in a research note on Tuesday, September 24th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 24 ($0.30) target price on shares of Corero Network Security in a report on Tuesday, January 7th.

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.