Corero Network Security (LON:CNS) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Corero Network Security plc (LON:CNSGet Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 20.42 ($0.25) and traded as low as GBX 18.66 ($0.23). Corero Network Security shares last traded at GBX 19 ($0.24), with a volume of 3,029 shares changing hands.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on Corero Network Security

Corero Network Security Stock Performance

The company’s 50 day moving average is GBX 19.88 and its 200 day moving average is GBX 20.42. The firm has a market cap of £97.31 million, a P/E ratio of 675.00 and a beta of 0.46. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.20 and a current ratio of 1.75.

Insider Activity at Corero Network Security

In other Corero Network Security news, insider Carl Herberger bought 106,530 shares of Corero Network Security stock in a transaction on Tuesday, January 21st. The shares were purchased at an average cost of GBX 18 ($0.22) per share, with a total value of £19,175.40 ($23,873.75). 77.54% of the stock is currently owned by company insiders.

About Corero Network Security

(Get Free Report)

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.

See Also

Receive News & Ratings for Corero Network Security Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corero Network Security and related companies with MarketBeat.com's FREE daily email newsletter.