Corero Network Security (LON:CNS) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Corero Network Security plc (LON:CNSGet Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 19.99 ($0.25) and traded as low as GBX 19.42 ($0.24). Corero Network Security shares last traded at GBX 20.40 ($0.26), with a volume of 26,051 shares trading hands.

Analysts Set New Price Targets

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

Check Out Our Latest Report on CNS

Corero Network Security Stock Performance

The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.20 and a current ratio of 1.75. The company has a 50 day moving average price of GBX 21.59 and a 200 day moving average price of GBX 19.99. The company has a market capitalization of £104.48 million, a PE ratio of 675.00 and a beta of 0.46.

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.

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