Corero Network Security plc (LON:CNS – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 12.07 and traded as low as GBX 10.60. Corero Network Security shares last traded at GBX 10.79, with a volume of 50,101 shares trading hands.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group upped their price objective on shares of Corero Network Security from GBX 19 to GBX 20 and gave the company a “buy” rating in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 20.
Check Out Our Latest Research Report on CNS
Corero Network Security Trading Up 2.3%
Insider Transactions at Corero Network Security
In related news, insider Jeremy Nicholls purchased 43,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was bought at an average cost of GBX 12 per share, with a total value of £5,160. 39.67% of the stock is currently owned by insiders.
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.
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