Corero Network Security (LON:CNS) Insider Carl Herberger Purchases 227,272 Shares of Stock

Corero Network Security plc (LON:CNS) insider Carl Herberger purchased 227,272 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The shares were acquired at an average cost of GBX 15 per share, with a total value of £34,090.80.

Corero Network Security Price Performance

Shares of LON CNS opened at GBX 15.40 on Monday. The firm’s 50-day moving average price is GBX 10.99 and its 200-day moving average price is GBX 10.71. The firm has a market capitalization of £78.87 million, a P/E ratio of 22.00 and a beta of 0.46. Corero Network Security plc has a 1-year low of GBX 6.50 and a 1-year high of GBX 17.50. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 1.94.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their price objective on shares of Corero Network Security from GBX 20 to GBX 21 and gave the company a “buy” rating in a report on Wednesday, September 9th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 21.

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.