Corero Network Security (LON:CNS) Shares Up 13% - Time to Buy?

Corero Network Security plc (LON:CNS - Get Free Report)'s share price traded up 13% during trading on Thursday . The stock traded as high as GBX 27 ($0.35) and last traded at GBX 27 ($0.35). 665,304 shares were traded during trading, an increase of 17% from the average session volume of 568,917 shares. The stock had previously closed at GBX 23.90 ($0.31).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 23.50 ($0.31) price target on shares of Corero Network Security in a research report on Tuesday, September 24th.

Corero Network Security Price Performance

The stock's 50-day moving average price is GBX 19.63 and its 200 day moving average price is GBX 16.37. The firm has a market capitalization of £140.84 million, a price-to-earnings ratio of 675.00 and a beta of 0.46. The company has a quick ratio of 1.20, a current ratio of 1.75 and a debt-to-equity ratio of 1.37.

Corero Network Security Company Profile

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.