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Corero Network Security (LON:CNS) Share Price Passes Above Fifty Day Moving Average - Here's What Happened

Corero Network Security logo with Computer and Technology background

Shares of Corero Network Security plc (LON:CNS - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 21.36 ($0.27) and traded as high as GBX 24 ($0.31). Corero Network Security shares last traded at GBX 22.30 ($0.29), with a volume of 418,562 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 23.50 ($0.30) target price on shares of Corero Network Security in a research note on Tuesday, September 24th.

Check Out Our Latest Analysis on Corero Network Security

Corero Network Security Price Performance

The company has a market cap of £114.21 million, a price-to-earnings ratio of 675.00 and a beta of 0.46. 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 business has a fifty day moving average of GBX 21.50 and a two-hundred day moving average of GBX 18.14.

About Corero Network Security

(Get Free Report)

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.

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