Corero Network Security (LON:CNS) Shares Down 1.2% – Time to Sell?

Shares of Corero Network Security plc (LON:CNS) traded down 1.2% during trading on Tuesday . The company traded as low as GBX 19.22 ($0.24) and last traded at GBX 20.25 ($0.26). 371,721 shares were traded during mid-day trading, a decline of 33% from the average session volume of 556,144 shares. The stock had previously closed at GBX 20.50 ($0.26).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 23.50 ($0.30) target price on shares of Corero Network Security in a research note on Tuesday, September 24th.

Corero Network Security Stock Performance

The company has a market capitalization of £103.71 million, a price-to-earnings ratio of 675.00 and a beta of 0.46. 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 50-day simple moving average of GBX 22.23 and a 200-day simple moving average of GBX 19.03.

About Corero Network Security

Corero Network Security plc provides distributed denial of service (DDoS) protection solutions worldwide. The company offers SmartWall DDoS protection solutions that are designed to protect business continuity, service availability, revenues, and brand reputations from harmful DDoS attacks. It also provides DDos Intelligence Service, which specializes in automatic detection and protection solutions with network visibility, analytics, and reporting tools; SecureWatch Managed Services that improves defense against advanced DDoS attacks with its security services; SmartWall One, a solution that offers inline and data path protection, edge and cloud mitigation, and scrubbing; and SecureWatch Analytics that can formulate new mitigation rules.