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Corero Network Security (LON:CNS) Shares Pass Below 200-Day Moving Average - Time to Sell?

Corero Network Security logo with Computer and Technology background

Shares of Corero Network Security plc (LON:CNS - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 19.69 ($0.25) and traded as low as GBX 19.68 ($0.25). Corero Network Security shares last traded at GBX 20.15 ($0.25), with a volume of 64,800 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 23.50 ($0.29) target price on shares of Corero Network Security in a report on Tuesday, September 24th.

Get Our Latest Stock Report on Corero Network Security

Corero Network Security Stock Up 2.3 %

The firm's 50 day moving average is GBX 22.27 and its two-hundred day moving average is GBX 19.74. 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 stock has a market cap of £103.20 million, a price-to-earnings ratio of 675.00 and a beta of 0.46.

About Corero Network Security

(Get Free Report)

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.

Further Reading

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