Corero Network Security (LON:CNS) price target raised to GBX 26 at Canaccord Genuity Group

Corero Network Security (LON:CNS – Get an assessment) had its price target raised by Canaccord Genuity Group equity researchers from GBX 24 ($0.31) to GBX 26 ($0.33) in a note released to investors on Tuesday, MarketBeat Ratings reports. The company currently has a “buy” rating on the stock. The Canaccord Genuity Group price target would suggest a potential upside of 83.23% from the company’s previous close.

CNS stock opened at GBX 14.19 ($0.18) on Tuesday. The company has a debt ratio of 30.62, a current ratio of 1.27 and a quick ratio of 1.26. Corero Network Security has a 1-year minimum of 8.75 GBX ($0.11) and a 1-year maximum of 14.96 GBX ($0.19). The company has a market capitalization of £70.22 million and a P/E ratio of -35.48. The share’s fifty-day moving average price is 11.99 GBX and its 200-day moving average price is 11.12 GBX.

About Corero Network Security (Get a rating)

Corero Network Security plc provides Distributed Denial of Service (DDoS) protection solutions worldwide. It offers the Corero SmartWall family of products to suppress DDoS attack traffic. The company also provides SmartWall Threat Defense System appliances for DDoS protection; SmartWall Threat Defense Director (TDD); SmartWall Central Management Server which offers various options to manage, configure and monitor TDD detection devices; SmartWall service portal that helps provide real-time DDoS mitigation as a service; and SecureWatch Analytics, a web-based security analytics portal that provides security dashboards.

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Kevin M. Risinger