Corero Network Security (CNS)

Sector:

IT Services

Index:

FTSE AIM All-Share

13.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 14.75
  • 52 Week Low: 5.75
  • Currency: UK Pounds
  • Shares Issued: 501.53m
  • Volume: 115,577
  • Market Cap: £67.71m

Corero secures $0.5m contract with unnamed American client

By Josh White

Date: Monday 02 Jul 2018

LONDON (ShareCast) - (Sharecast News) - Corero Network Security announced a $0.5m order for its new '100G SmartWall Threat Defense System' technology with an unnamed North American service provider on Monday.
The AIM-traded firm said the order consisted of multiple SmartWall 100Gbps products with supporting 'SecureWatch' services for one year.

It followed a successful proof-of-concept trial - which included the evaluation of competitors - with SmartWall reportedly recognised as the technology "best-placed" to meet the customer's requirements.

The Corero SmartWall solution mitigated DDoS attacks in real-time, the company explained, with the deployment set to enable the customer to protect its own customers from malicious DDoS traffic launched from across the Internet globally.

That would provide the customer with further competitive differentiation from its peers, the board added, as well as heightened long-term customer satisfaction.

"We are delighted to have secured another customer for our new 100Gbps SmartWall DDoS mitigation technology, having only introduced it in late 2017, following a multi-year development programme," said Corero's president and executive vice-president of sales and marketing Andrew Lloyd.

"To secure this order after a rigorous selection process is also highly gratifying and highlights the key competitive advantage of our solution.

"We anticipate demand for our technology to accelerate during 2018 as we benefit from the combination of growth in adoption of faster 100 Gbps links and increasing end-user service-level expectations resulting in the requirement for service providers, cloud providers and enterprises to instigate a DDoS mitigation technology upgrade."

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CNS Market Data

Currency UK Pounds
Share Price 13.50p
Change Today -0.50p
% Change -3.57 %
52 Week High 14.75
52 Week Low 5.75
Volume 115,577
Shares Issued 501.53m
Market Cap £67.71m

CNS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.86% above the market average0.86% above the market average0.86% above the market average0.86% above the market average0.86% above the market average
62.96% above the sector average62.96% above the sector average62.96% above the sector average62.96% above the sector average62.96% above the sector average
Price Trend
89.90% above the market average89.90% above the market average89.90% above the market average89.90% above the market average89.90% above the market average
82.42% above the sector average82.42% above the sector average82.42% above the sector average82.42% above the sector average82.42% above the sector average
Income Not Available
Growth
54.94% below the market average54.94% below the market average54.94% below the market average54.94% below the market average54.94% below the market average
69.41% below the sector average69.41% below the sector average69.41% below the sector average69.41% below the sector average69.41% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
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Time Volume / Share Price
15:30 76,894 @ 13.20p
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16:03 88 @ 13.11p
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11:44 707 @ 13.88p

CNS Key Personnel

CEO Carl Herberger

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