Canaccord Genuity Group Boosts Corero Network Security (LON:CNS) Price Target to GBX 20

Corero Network Security (LON:CNS) had its price target upped by investment analysts at Canaccord Genuity Group from GBX 19 to GBX 20 in a research note issued on Tuesday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 66.67% from the stock’s current price.

Corero Network Security Price Performance

LON CNS opened at GBX 12 on Tuesday. Corero Network Security has a 52 week low of GBX 8.50 and a 52 week high of GBX 18.50. The company has a current ratio of 1.13, a quick ratio of 1.20 and a debt-to-equity ratio of 2.47. The stock has a market cap of £61.46 million, a price-to-earnings ratio of -40.00 and a beta of 0.46. The company has a 50-day moving average price of GBX 12.54 and a two-hundred day moving average price of GBX 10.83.

Insider Transactions at Corero Network Security

In other Corero Network Security news, insider Carl Herberger acquired 138,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was acquired at an average cost of GBX 13 per share, with a total value of £17,940. 39.67% of the stock is owned by company insiders.

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.