Corero Network Security (LON:CNS) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Corero Network Security plc (LON:CNS)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 20.19 ($0.25) and traded as low as GBX 17 ($0.21). Corero Network Security shares last traded at GBX 17.50 ($0.22), with a volume of 192,532 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 24 ($0.30) price target on shares of Corero Network Security in a report on Tuesday, January 7th.

Corero Network Security Stock Performance

The business’s 50-day moving average price is GBX 18.95 and its 200-day moving average price is GBX 20.19. The company has a current ratio of 1.75, a quick ratio of 1.20 and a debt-to-equity ratio of 1.37. The stock has a market cap of £112.18 million, a PE ratio of 138.95 and a beta of 0.46.

Insider Transactions at Corero Network Security

In related news, insider Carl Herberger bought 106,530 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were bought at an average price of GBX 18 ($0.23) per share, with a total value of £19,175.40 ($24,135.18). Insiders own 77.54% of the company’s stock.

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.