Corero Network Security (LON:CNS) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Corero Network Security plc (LON:CNS)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 10.12 and traded as high as GBX 13.50. Corero Network Security shares last traded at GBX 13, with a volume of 132,468 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 19 price target on shares of Corero Network Security in a report on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Corero Network Security currently has a consensus rating of “Buy” and an average target price of GBX 19.

Corero Network Security Trading Down 2.7%

The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.20 and a current ratio of 1.75. The company’s 50 day moving average is GBX 10.23 and its 200 day moving average is GBX 10.25. The stock has a market capitalization of £64.79 million, a price-to-earnings ratio of -42.17 and a beta of 0.46.

Corero Network Security Company Profile

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. Corero’s industry leading SmartWall and SecureWatch technology provides scalable protection capabilities against external DDoS attackers and internal DDoS botnets in the most complex edge and subscriber environments, while enabling a more cost-effective economic model than previously available.