Corero Network Security (LON:CNS) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Corero Network Security (LON:CNS) had its target price increased by Canaccord Genuity Group from GBX 20 to GBX 21 in a report issued on Wednesday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 100.00% from the stock’s current price.

Corero Network Security Price Performance

CNS opened at GBX 10.50 on Wednesday. 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 capitalization of £53.78 million, a P/E ratio of -105.00 and a beta of 0.46. The stock has a 50-day moving average price of GBX 8.38 and a 200-day moving average price of GBX 10.60. Corero Network Security has a 12-month low of GBX 6.50 and a 12-month high of GBX 13.50.

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.