Corero Network Security (LON:CNS) Stock Jumps 18.8% – Should You Buy?

Corero Network Security plc (LON:CNS) shares were up 18.8% during mid-day trading on Wednesday. The company traded as high as GBX 14.70 and last traded at GBX 14.26. 3,316,838 shares traded hands during mid-day trading, an increase of 555% from the average daily volume of 506,222 shares. The stock had previously closed at GBX 12.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their price target on shares of Corero Network Security from GBX 20 to GBX 21 and gave the company a “buy” rating in a research note on Wednesday, September 9th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 21.

Corero Network Security Trading Up 18.8%

The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.20 and a current ratio of 1.27. The firm has a market capitalization of £73.01 million, a P/E ratio of 20.36 and a beta of 0.46. The firm has a 50 day simple moving average of GBX 9.84 and a two-hundred day simple moving average of GBX 10.54.

About Corero Network Security

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.