Corero Network Security (LON:CNS) Shares Down 1.2% – Here’s What Happened

Corero Network Security plc (LON:CNS) shares were down 1.2% during mid-day trading on Tuesday . The company traded as low as GBX 19.22 ($0.24) and last traded at GBX 20.25 ($0.26). Approximately 371,721 shares changed hands during trading, a decline of 33% from the average daily volume of 556,144 shares. The stock had previously closed at GBX 20.50 ($0.26).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 23.50 ($0.30) price target on shares of Corero Network Security in a research report on Tuesday, September 24th.

Corero Network Security Stock Down 1.2 %

The company has a debt-to-equity ratio of 1.37, a current ratio of 1.75 and a quick ratio of 1.20. The company has a market cap of £103.71 million, a price-to-earnings ratio of 675.00 and a beta of 0.46. The firm’s 50-day moving average price is GBX 22.23 and its 200-day moving average price is GBX 19.03.

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.