Carl Herberger Purchases 138,000 Shares of Corero Network Security (LON:CNS) Stock

Corero Network Security plc (LON:CNS) insider Carl Herberger purchased 138,000 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were purchased at an average price of GBX 13 per share, with a total value of £17,940.

Corero Network Security Trading Up 4.8%

CNS opened at GBX 13.20 on Friday. Corero Network Security plc has a one year low of GBX 8.50 and a one year high of GBX 20.38. The stock has a market capitalization of £67.61 million, a PE ratio of -44.00 and a beta of 0.46. The business’s 50 day moving average price is GBX 10.76 and its 200 day moving average price is GBX 10.21. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.20 and a current ratio of 1.75.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated 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, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 19.

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.