Corero Network Security’s (CNS) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Corero Network Security (LON:CNS) in a report issued on Tuesday, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 23.50 ($0.31) price target on the stock.

Corero Network Security Stock Down 4.0 %

Corero Network Security stock opened at GBX 15.70 ($0.21) on Tuesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.75 and a quick ratio of 1.20. The stock has a market capitalization of £100.64 million, a PE ratio of 124.66 and a beta of 0.46. The business has a 50 day simple moving average of GBX 17.64 and a 200-day simple moving average of GBX 19.84. Corero Network Security has a 12 month low of GBX 9.11 ($0.12) and a 12 month high of GBX 29.30 ($0.38).

Insiders Place Their Bets

In other news, insider Carl Herberger bought 106,530 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average price of GBX 18 ($0.24) per share, for a total transaction of £19,175.40 ($25,125.00). 77.54% of the stock is owned by insiders.

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.