Corero Network Security (LON:CNS) Shares Down 14% – Time to Sell?

Corero Network Security plc (LON:CNS)’s stock price dropped 14% during mid-day trading on Tuesday . The stock traded as low as GBX 16.60 ($0.20) and last traded at GBX 16.60 ($0.20). Approximately 704,538 shares traded hands during trading, an increase of 117% from the average daily volume of 325,012 shares. The stock had previously closed at GBX 19.30 ($0.24).

Wall Street Analyst Weigh In

CNS has been the subject of several recent research reports. 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 report on Tuesday, September 24th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 24 ($0.29) price objective on shares of Corero Network Security in a research note on Tuesday, January 7th.

Corero Network Security Stock Performance

The stock has a market cap of £85.02 million, a P/E ratio of 675.00 and a beta of 0.46. The company has a quick ratio of 1.20, a current ratio of 1.75 and a debt-to-equity ratio of 1.37. The business has a 50 day moving average price of GBX 20.98 and a two-hundred day moving average price of GBX 20.24.

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.