Corero Network Security PLC with ticker (LON:CNS) now has a potential downside of -14.2% according to Canaccord Genuity.
CNS.L
Canaccord Genuity set a target price of 24 GBX for the company, which when compared to the Corero Network Security PLC share price of 27 GBX at opening today (21/10/2024) indicates a potential downside of -14.2%. Trading has ranged between 8 (52 week low) and 29 (52 week high) with an average of 897,325 shares exchanging hands daily. The market capitalisation at the time of writing is £141,303,136.
Corero Network Security plc is a United Kingdom-based company, which offers Distributed Denial of Service (DDoS) protection solutions, specializing in automatic detection and protection solutions with network visibility, analytics, and reporting tools. The Company’s technology protects against external and internal DDoS threats in complex edge and subscriber environments, ensuring Internet service availability. The Company operates through a single segment being the Corero Network Security. The Company offers SecureWatch Managed Services, a suite of configuration optimization, monitoring and mitigation response services. Its SecureWatch Analytics leverages Splunk’s analytics engine and provides robust reporting to transform sophisticated DDoS event data into consumable dashboards accessed via the SecureWatch Analytics Web portal. The Company’s operational centers are located in Marlborough, Massachusetts, United States, and Edinburgh, the United Kingdom.
Corero Network Security PLC -14.2% potential downside indicated by Canaccord Genuity
- Written by: Charlotte Edwards
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Latest Company News
Corero, a DDoS protection specialist, announced unaudited results for the six months ended 30 June 2026, showing revenue up 42% to $15.5 million, EBITDA improvement to $2.6 million, ARR growth of 12% to $24.1 million, and high 96% customer retention.
Norway’s DDoS attack shows the direct need for the type of real-time network protection Corero Network Security sells.
Corero has announced a $3.4 million five-year contract with a leading UK telecommunications provider and a $0.5 million three-year deal with a global NeoCloud company, expanding its presence across critical infrastructure and AI-focused data centres.
Corero is using the 2026 SPARK Matrix report to support customer acquisition and reinforce its specialist position in DDoS protection.
Corero Network Security CFO Chris Goulden discusses 42% revenue growth, improved EBITDA, a major U.S. Tier-1 telco contract, recent share-price volatility, regulatory-driven demand and the evolving DDoS threat landscape.
Corero Network Security will announce half-year results on 9 September 2026 and has scheduled an investor presentation.
