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.
Previously writing on cyber network security company Corero (CNS) I noted having warned on the balance sheet position, now “New borrowings facility”..., concluding the £68 million market capitalisation looked to demand clear evidence that the business can deliver materially profitable bottom-line performance from here. Today full-year 2020 results...
Previously writing on self-styled “a leading provider of real-time, high-performance, automatic Distributed Denial of Service cyber defense solutions” Corero Network Security (CNS), in January I questioned the overall balance sheet position. Today “New borrowings facility”...
Self-styled “a global leader in real-time, high-performance, automatic DDoS cyber defense solutions” Corero Network Security (CNS) has made a trading update emphasising “Revenue ahead of market expectations driven by record order intake”. As I though previously questioned, is there really “solid foundations” here?...
Corero Network Security (CNS) has made an “Order Intake” update, emphasising “positive progression… reflected in the associated order intake of more than $3 million in the first two months of the final quarter of 2020” – and the shares have currently responded to 9.5p, more than 15% higher. Does this look justified?...
Last month DDoS defense network security company Corero (CNS) announced 2019 results, with “Financial Highlights” including even “EBITDA loss of $2.8 million (2018: loss $2.1 million)” and “Outlook” that “whilst we have not to date seen any significant short-term impact on the provision of our products and services, and the sector within which we operate, we are of course aware of the negative impact the pandemic is likely to have on our end-customers. The board therefore continues to monitor the situation very closely”. Now “Notice of AGM and Proposed Share Option Regrant”...
Corero Network Security (CNS) has updated with CEO Ashley Stephenson emphasising “our strong order momentum in the second half of 2019, combined with our higher levels of recurring revenue and strong new business pipeline, provide Corero with solid foundations for 2020”. The shares have currently responded higher, towards 6p but that still compares to more than 12p at the start of 2019…
“Corero Network Security plc (AIM: CNS), the network security company, is pleased to announce a conditional placing and subscription to raise up to £3.25 million”. Hmmm…
An “Over $1.0 million of customer orders secured” announcement from Corero Network Security (CNS) – and the shares have responded currently approaching 10% higher. So what’s the detail?...
Corero Network Security (CNS) has announced results for the first half of 2019, including emphasising “the board continues to believe the business is well-placed for growth”. Having commenced the year heading towards 13p, the shares are currently a further more than 5% lower today heading towards 2.5p. Hmmm…
Steve Moore and I have been perma bears of software dog Corero (CNS) for many moons. Of course some folks knew better, notably City investors Miton which built up a stake of 15.89% across two of its funds. Then last week Corero issued a shocking warning which Steve covered HERE and I covered HERE.
Previously writing on Corero Network Security (CNS), in January I noted 2018 disappointment follows 2017 disappointment, and 2019…, finishing I previously concluded, with a long track-record of cash burn and a market cap now of more than £45 million, my stance presently remains avoid / sell. The market cap is still currently slightly higher, but the track-record is unchanged – and so too is my stance. Avoid / sell. The market cap was down towards £25 million at yesterday’s 6.3p share price close – and now “Trading Update”…
