A “Trading Update” from Corero Network Security (CNS) emphasising “order intake for 2018 is expected to be approximately 20% higher than 2017, driven by record order intake in H2 and the final quarter”, “SmartWall revenue growth of approximately 20% over the prior year” and “significantly reduced EBITDA loss to approximately $2.5 million”. The shares have currently responded, er, approaching 6% lower to 12p…
A “Customer wins” announcement from Corero Network Security (CNS), including President and EVP Sales & Marketing, Andrew Lloyd, emphasising “to have secured another new customer for our 100Gbps SmartWall technology following a rigorous selection process is particularly pleasing and highlights the key competitive advantages and uniqueness of our solution”. Ok, so what’s the order detail?...
Shares in Corero Network Security (CNS) have risen back above 10p, with the company announcing “Completion of Subscription” of $2 million from Juniper Networks (NYSE: JNPR)…
Corero Network Security (CNS) has updated including it “has delivered excellent operational gains in the first half of the year, which, coupled with its new business pipeline and developing go-to-market partnerships, gives the board confidence in the company's prospects”. Currently at sub 8.5p though, the shares remain comfortably below 11p they approached in May and 20p of a couple of years ago…
Following thus far in 2018, 3rd January; “Significant Contract Wins”, 14th March; “Customer Wins” and as recently as 3rd April; “Customer Wins” - as warned, Corero Network Security (CNS) is now “pleased to announce a conditional placing and subscription to raise approximately £4.0 million ($5.6 million) before expenses”…
A Customer Wins announcement from Corero Network Security (CNS). When I last updated in January it was “Significant Contract Wins”. Hmmm, what about the cash crunch ahoy?, so what now?...
Corero Network Security (CNS) “is pleased to announce” combined customer orders “worth in excess of $400,000 for SmartWall products and related one-year support services”. What’s the detail and import of this?...
Writing on Corero Network Security (CNS) last week I questioned ramptastic again and discounted fundraising ahoy?, concluding it’s certainly bargepole ahoy. Sell. Today a Trading Update announcement…
Not just a contract win, but a “Significant Contract Win” announcement from Corero Network Security (CNS). Ooooh. With results for the first half of 2017 having shown an increased loss of $4.8 million on revenue only slightly higher to $4.8 million – and this following a more than $8 million loss, even on an adjusted basis, for the 2016 calendar year, what’s the “significant contract” detail?...
Corero's (CNS) disastrous interims were just six weeks ago and since then we have had four pieces of good news announced with great, ramptastic, fanfare: two contract wins, a new partnership agreement and, today, a contract renewal. It can only mean one thing, this is the pump before the dump, it is placing ahoy. Just look at the historic numbers and do the maths...
Despite accompanying half-year results last month with a “Significant Contract Win” announcement, shares in Corero Network Security (CNS) still declined. This week has seen a “Partnership Agreement” announcement – with the same result…
Corero Network Security (CNS) “announces that certain existing options over ordinary shares… granted to certain directors of the company have been cancelled at the directors' election and new options over the same number of ordinary shares have been granted to those directors at a revised exercise price”. Hmmm, “cancelled at the directors' election” and re-granted at a “revised exercise price” announced on General Election results day. I’m guessing the exercise price hasn’t been “revised” upwards!...
An announcement from Corero Network Security (CNS) with a headline “Corero Tier 1 Internet service provider customer GTT Communications, Inc. launches DDoS Mitigation service”. Then “further to the announcement on 19 April 2017 regarding a Global Tier 1 Internet service provider customer win… announces that the customer, GTT Communications, Inc. (NYSE: GTT), has launched its DDoS Mitigation service”. “Global Tier 1” now hey! And you what? The contract win has already been announced? Ramptastic…
An announcement entitled “Corero (CNS) secures second $1m+ SmartWall customer”. Sounds good but, having previously written bearishly on this company, let’s take a look at the detail here…
Corero Network Security (CNS) “is pleased to announce… it has conditionally raised approximately £5.6 million… at a placing price of 5p… to support SmartWall sales and marketing activities in the US and Europe, for further development of the SmartWall product and for the general working capital requirements of the group”. Hmmm, what do the also- (but not ‘pleased’ to be) announced results for the 2016 calendar year show?...
