CORERO NETWORK SECURITY ORD GBP0.01
Symbol: CNS
Streaming is not available when market closed. Some prices may be as at close of business from the previous working day.
Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.
Invest in this share within an ISA, JISA, SIPP or Investment Account
Charts
Company
Business Summary
Corero Network Security plc offers Distributed Denial of Service (DDoS) protection solutions, specializing in automated detection and protection solutions with network visibility, analytics, and reporting tools. Its technology protects against external and internal DDoS threats in complex edge and subscriber environments and ensures Internet service availability. It operates through the Corero Network Security segment. Its security services are tailored to enhance the Corero SmartWall ONE solution’s defense against DDoS attacks. The Company offers SecureWatch Managed Services, a suite of configuration optimization, monitoring and mitigation response services. Its hardware appliance, the Network Threat Detector (NTD) 3400, a 400G upgrade to the SmartWall ONE DDoS Protection Appliance. Its SecureWatch Analytics application leverages Splunk’s analytics engine. The Company’s operational centers are in Marlborough, Massachusetts, United States, and Edinburgh, the United Kingdom.
Financial Summary
BRIEF: For the six months ended 30 June 2024, Corero Network Security PLC revenues increased 16% to $12.2M. Net loss decreased 78% to $273K. Revenues reflect Software license segment increase of 31% to $5.1M, DDoS Protection as-a-service revenue segment increase of 9% to $3M, United States segment increase of 4% to $9M. Lower net loss reflects Finance expense - Clydesdale loan intere decrease of 95% to $7K (expense).
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2024 |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
---|---|---|---|---|---|---|
Total Revenue | 24.56 | 22.35 | 20.12 | 20.90 | 16.88 | 9.71 |
Gross profit | 22.43 | 20.19 | 17.55 | 17.78 | 13.05 | 7.87 |
Operating Profit/Loss | 0.49 | -0.02 | 0.68 | 1.78 | -3.75 | -6.20 |
Profit Before Tax | 0.56 | -0.15 | 0.40 | 1.37 | -4.03 | -6.56 |
Profit After Tax | 0.50 | -0.17 | 0.55 | 1.52 | -3.78 | -6.56 |
Equity Holders of Parent Company | 0.50 | -0.17 | 0.55 | 1.52 | -3.78 | -6.56 |
Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2024 |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 16.50 | 14.75 | 15.73 | 15.32 | 15.68 | 15.48 |
Total Current Assets | 17.00 | 13.68 | 11.10 | 14.46 | 13.95 | 10.96 |
Total Assets | 33.50 | 28.44 | 26.83 | 29.79 | 29.63 | 26.44 |
Total Liabilities | 14.83 | 11.70 | 10.95 | 13.98 | 15.75 | 9.35 |
Total Net Assets | 18.66 | 16.74 | 15.88 | 15.80 | 13.88 | 17.09 |
Shareholders Funds | 18.66 | 16.74 | 15.88 | 15.80 | 13.88 | 17.09 |
Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
Total Equity | 18.66 | 16.74 | 15.88 | 15.80 | 13.88 | 17.09 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy1 |
Buy0 |
Neutral0 |
Sell0 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 1 | 0 | 0 | 0 | 0 |
Consensus |
ConsensusStrong Buy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2025 | 2026 |
---|---|---|
Revenue | £28.75mn | £32.65mn |
Pre-tax-Profit | £1.65mn | £2.55mn |
EPS | £0.00p | £0.00p |
EPS Growth | 162.90% | 71.43% |
P/E | 64.49 | 37.62 |
PEG Ratio | 0.40 | 0.53 |
Dividend | 0.00p | 0.00p |
Yield | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
1st Apr 2025 | Canaccord Genuity | Reiteration | 16p | 0p | 23p | Buy |
7th Jan 2025 | Canaccord Genuity | Reiteration | 19p | 0p | 24p | Buy |
24th Sep 2024 | Canaccord Genuity | Reiteration | 19p | 0p | 23p | Buy |
24th Jul 2024 | Canaccord Genuity | Reiteration | 19p | 12p | 23p | Buy |
27th Mar 2024 | Canaccord Genuity | Reiteration | 9p | 12p | 12p | Buy |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
2 May 2025 | 16:20 | 18.2 | 54,945 | Buy |
2 May 2025 | 15:50 | 17.725 | 2,559 | Sell |
2 May 2025 | 15:46 | 18.2 | 5,549 | Buy |
2 May 2025 | 15:45 | 17.725 | 5,549 | Sell |
2 May 2025 | 14:42 | 18.2 | 43,934 | Buy |
2 May 2025 | 12:52 | 17.725 | 19,429 | Sell |
2 May 2025 | 12:06 | 17.725 | 3,301 | Sell |
2 May 2025 | 11:35 | 17.88 | 25,000 | Buy |
2 May 2025 | 11:25 | 17.9 | 11,150 | Buy |
2 May 2025 | 10:49 | 17.9 | 9,000 | Buy |
2 May 2025 | 10:30 | 18 | 111 | Buy |
2 May 2025 | 09:58 | 17.52 | 80,000 | Sell |
2 May 2025 | 08:35 | 18 | 555 | Buy |
2 May 2025 | 08:35 | 18 | 55 | Buy |
2 May 2025 | 08:07 | 17.785 | 56,295 | Buy |
2 May 2025 | 08:02 | 17.785 | 56,295 | Buy |
1 May 2025 | 15:58 | 17.78 | 1,989 | Buy |
1 May 2025 | 14:10 | 17.78 | 2,413 | Buy |
1 May 2025 | 14:09 | 17.777 | 781 | Buy |
1 May 2025 | 11:25 | 17.988 | 27,796 | Buy |
Selected data supplied by Thomson Reuters © View restrictions.