Canaccord Genuity Group Reiterates “Buy” Rating for Corero Network Security (LON:CNS)

Corero Network Security (LON:CNS)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday,Digital Look reports. They presently have a GBX 24 ($0.30) target price on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 23.08% from the stock’s previous close.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 23.50 ($0.29) price target on shares of Corero Network Security in a research report on Tuesday, September 24th.

Corero Network Security Stock Performance

CNS stock remained flat at GBX 19.50 ($0.24) during midday trading on Tuesday. The company’s stock had a trading volume of 719,971 shares, compared to its average volume of 249,638. The company has a market capitalization of £99.87 million, a PE ratio of 675.00 and a beta of 0.46. Corero Network Security has a 12-month low of GBX 7.55 ($0.09) and a 12-month high of GBX 29.30 ($0.37). 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 firm has a 50 day moving average price of GBX 21.46 and a 200 day moving average price of GBX 20.09.

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.