Corero Network Security (LON:CNS) Rating Reiterated by Canaccord Genuity Group

Corero Network Security (LON:CNS)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday, Marketbeat.com reports. They currently have a GBX 23.50 ($0.31) price target on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 22.08% from the company’s current price.

Corero Network Security Stock Performance

Shares of CNS stock opened at GBX 19.25 ($0.26) on Tuesday. The stock has a fifty day simple moving average of GBX 19.27 and a two-hundred day simple moving average of GBX 15.17. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.20 and a current ratio of 1.51. Corero Network Security has a 52-week low of GBX 6.80 ($0.09) and a 52-week high of GBX 20.60 ($0.28). The firm has a market capitalization of £98.59 million, a PE ratio of 675.00 and a beta of 0.46.

About Corero Network Security

Corero Network Security plc provides distributed denial of service (DDoS) protection solutions worldwide. The company offers SmartWall DDoS protection solutions that are designed to protect business continuity, service availability, revenues, and brand reputations from harmful DDoS attacks. It also provides DDos Intelligence Service, which specializes in automatic detection and protection solutions with network visibility, analytics, and reporting tools; SecureWatch Managed Services that improves defense against advanced DDoS attacks with its security services; SmartWall One, a solution that offers inline and data path protection, edge and cloud mitigation, and scrubbing; and SecureWatch Analytics that can formulate new mitigation rules.