Shares of Corero Network Security plc (LON:CNS - Get Free Report) shot up 13.1% during mid-day trading on Wednesday . The stock traded as high as GBX 23.64 ($0.31) and last traded at GBX 23.30 ($0.30). 586,535 shares were traded during trading, an increase of 17% from the average session volume of 501,547 shares. The stock had previously closed at GBX 20.60 ($0.27).
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 23.50 ($0.31) price target on shares of Corero Network Security in a research note on Tuesday, September 24th.
View Our Latest Analysis on CNS
Corero Network Security Stock Performance
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's 50-day moving average price is GBX 19.30 and its two-hundred day moving average price is GBX 15.90. The company has a market capitalization of £115.24 million, a price-to-earnings ratio of 675.00 and a beta of 0.46.
Corero Network Security Company Profile
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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.
Further Reading
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