Key Points
- Insider Carl Herberger purchased 227,272 Corero Network Security shares at GBX 15 each, for a total investment of approximately £34,091.
- Corero shares opened at GBX 15.40, near their 52-week high of GBX 17.50, compared with a low of GBX 6.50. The company has a market capitalization of approximately £78.87 million.
- Canaccord Genuity raised its price target from GBX 20 to GBX 21 and maintained a “Buy” rating; the stock has a consensus “Buy” rating and a GBX 21 target price.
Corero Network Security plc (LON:CNS - Get Free Report) insider Carl Herberger purchased 227,272 shares of the stock in a transaction on Thursday, October 22nd. The stock was 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 CNS stock opened at GBX 15.40 on Tuesday. Corero Network Security plc has a fifty-two week low of GBX 6.50 and a fifty-two week high of GBX 17.50. The firm has a market capitalization of £78.87 million, a price-to-earnings ratio of 22.00 and a beta of 0.46. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.20 and a current ratio of 1.27. The stock's 50-day simple moving average is GBX 11.13 and its 200-day simple moving average is GBX 11.25.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group lifted their target price on shares of Corero Network Security from GBX 20 to GBX 21 and gave the stock a "buy" rating in a research note on Wednesday, September 9th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of GBX 21.
Check Out Our Latest Research Report on Corero Network Security
About Corero Network Security
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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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