Corero Network Security (CNS) emphasises a “record H1 performance underpinned by strong ARR and new business growth”. What’s the detail and what of a 10.5p share price, still down from above 14p as recently as May?
Corero Network Security (CNS) has announced it has appointed Andrew Miller as Interim Chief Financial Officer, noting “having previously held the positions of Chief Financial Officer and Chief Operational Officer from August 2010”. That is with Miller having moved to a non-executive director role here in 2020, so what’s going on?
Describing itself as “a leading provider of real-time, high-performance, automatic Distributed Denial of Service cyber defense solutions”, Corero Network Security (CNS) has issued a half-year trading update it states it “is pleased to provide”. So why currently a more than 8.5% lower share price response towards 10p?
Hello Share Pilots. Have you noticed viruses don't seem as much a threat as they used to be for we private owners? Perhaps its because the search platforms have beefed up their protection. And cyber security is still very lucrative. One of the more successful cyber security merchants is Corero Network Security (CNS). It's numbers are just out and they're pretty exciting.
A “pre-close update” from self-styled “a leading provider of real-time, high-performance, automatic Distributed Denial of Service cyber defense solutions” Corero Network Security (CNS) includes “EBITDA to be significantly ahead of market expectations for the year”... and the shares have currently responded more than 16% higher to above 13p. Is that justifiable?...
I say that sales are vanity but today’s “record” half year trading update does not seem to have much to boast about in that department and as to profits? Er… dream on. For Corero (CNS) that is the stuff of shagging Cheryl Cole land. It is pure fantasy.