Corero Network Security (CNS)

Sector:

IT Services

Index:

FTSE AIM All-Share

21.50p
   
  • Change Today:
    -1.00p
  • 52 Week High: 27.50
  • 52 Week Low: 8.00
  • Currency: UK Pounds
  • Shares Issued: 512.17m
  • Volume: 240,665
  • Market Cap: £110.12m
  • Beta: 0.34

Corero inks three-year deal as product wins award

By Josh White

Date: Friday 14 Jun 2024

LONDON (ShareCast) - (Sharecast News) - Corero Network Security announced a new three-year partnership with US-based A2 Hosting, a provider of high-performance hosting solutions, on Friday.
The AIM-traded firm said the agreement signified a transition to a longer-term contract.

Under the deal, A2 Hosting's customers would continue to have access to Corero's advanced DDoS protection solutions.

That, the company said, would ensure the security and availability of A2 Hosting's various high-performance web hosting services, including shared hosting, VPS hosting, dedicated hosting, and reseller hosting.

In addition to the contract renewal, Corero said it had been awarded ChannelVision's 2024 Visionary Spotlight Award (VSA) for Cybersecurity Business Technology, for its Corero 'SmartWall ONE' DDoS protection solution.

The board said SmartWall ONE was evaluated based on criteria such as overall innovation, future industry impact, creativity, feature set differentiation, ease of use, and interoperability.

"Firstly, we are delighted to be further deepening our partnership with A2 Hosting," said chief executive officer Carl Herberger.

"The transition to a long-term agreement is a testament to the effectiveness of our DDoS protection solutions and our commitment to supporting A2 Hosting's business objectives.

"We look forward to continuing to help A2 Hosting deliver secure and reliable services to its customers."

Herberger said the company was also "thrilled" that SmartWall ONE had again been singled out as a "best-in-breed" DDoS protection solution.

"Winning ChannelVision's award speaks volumes to the trust leading cloud protection providers place in us and our ongoing commitment to protecting our customers from potentially reputation-damaging cyberthreats."

At 0854 BST, shares in Corero Network Security were down 0.4% at 14.94p.

Reporting by Josh White for Sharecast.com.

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CNS Market Data

Currency UK Pounds
Share Price 21.50p
Change Today -1.00p
% Change -4.44 %
52 Week High 27.50
52 Week Low 8.00
Volume 240,665
Shares Issued 512.17m
Market Cap £110.12m
Beta 0.34

CNS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.15% below the market average86.15% below the market average86.15% below the market average86.15% below the market average86.15% below the market average
52.5% below the sector average52.5% below the sector average52.5% below the sector average52.5% below the sector average52.5% below the sector average
Price Trend
98.19% above the market average98.19% above the market average98.19% above the market average98.19% above the market average98.19% above the market average
97.70% above the sector average97.70% above the sector average97.70% above the sector average97.70% above the sector average97.70% above the sector average
Income Not Available
Growth
52.58% below the market average52.58% below the market average52.58% below the market average52.58% below the market average52.58% below the market average
62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CNS Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
14:50 4,574 @ 21.75p
13:43 53,464 @ 21.50p
14:37 41,318 @ 21.77p
11:02 1,519 @ 21.77p
10:53 9,156 @ 21.80p

CNS Key Personnel

CEO Carl Herberger

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