Corero (#CNS) – proposed £5m placing at 5p
- 2017-03-29 23:50:22
UK 20:15 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Corero Network Security (CNS) has announced it “ended the year strongly… a material order for its ‘SmartWall’ Threat Defense System from a leading Cloud computing company and Juniper Networks technology alliance partnership”. Why are the shares thus currently unchanged at the 6.375p they have slumped to?...
“Corero Network Security plc (CNS), the AIM listed network security company, is pleased to announce that it has won five ‘as-a-service’ subscription-based contracts for its DDoS protection products and technology in the final quarter of 2016”. Sounds promising. Oh, but wait… “with an aggregate annualised contract value of $0.3 million”. Hmmm…
It was only seven months ago that AIM uber-dog Corero (CNS) appointed Cenkos as its joint broker and promply raised just under £9 million at 22p. Gosh i am glad that i am not an institutional client of Cenkos with the raft of dogs and frauds it has acted for in recent years. The shares are now just 9.5p to sell. But another bailout placing looks inevitable. Just do the math!
Corero (CNS) had, in Finncap, an existing Nomad and broker who the City thinks are acceptable although I regard them as complete & utter bastards. But I am even more scathing about Quindell's pals at Cenkos and today Corero (CNS) has appointed those mothers as its new Nomad and broker, 24 hours ahead of its results.
I am bearish by nature, very cynical and get extremely grumpy about various activities on AIM, many of which appear to me simply to rip off the unsophisticated PI. And in my debut article here, that brings me to Corero (CNS).
Corero Network Security sounds like a company which should be at the zeitgeist in terms of an era where we are hearing of cyber attacks on an almost daily basis.
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Ashley House (ASH), Corero Network Security (CNS) and GB Group (GBG) setting share price targets for all three.
It is evident on the daily chart of Corero Network Security that the big event in charting terms here came as long ago as the massive gap to the downside in November.
