Corero Network Security plc (LON:CNS – Get Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 11.64 and traded as low as GBX 8.25. Corero Network Security shares last traded at GBX 8.47, with a volume of 130,963 shares traded.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group lifted their price target on Corero Network Security from GBX 19 to GBX 20 and gave the company a “buy” rating in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 20.
Read Our Latest Research Report on CNS
Corero Network Security Stock Performance
Insider Activity at Corero Network Security
In other 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 acquired at an average cost of GBX 12 per share, for a total transaction of £5,160. Insiders own 39.68% of the company’s stock.
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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