Canaccord Genuity Group Reaffirms Buy Rating for Corero Network Security (LON:CNS)

Corero Network Security (LON:CNS)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 19 target price on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 106.19% from the company’s previous close.

Corero Network Security Trading Up 5.3%

Shares of CNS stock opened at GBX 9.22 on Wednesday. Corero Network Security has a 52-week low of GBX 8.50 and a 52-week high of GBX 25.15. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.20 and a current ratio of 1.75. The company has a 50-day simple moving average of GBX 9.90 and a two-hundred day simple moving average of GBX 12.56. The company has a market capitalization of £47.20 million, a price-to-earnings ratio of -30.72 and a beta of 0.46.

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.