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Corero Network Security
(LSE:CNS)
Select Model
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Rating:57Neutral
Price Target:
7.50 p
▲(3.45% Upside)
Action:Reiterated
Date:07/17/26
The score is supported mainly by a conservative, low-debt balance sheet and generally positive recent operating cash flow. It is held back by very weak technicals (price below all key moving averages with negative MACD) and loss-making results reflected in a negative P/E, which together increase near-term risk despite stable financial footing.
Positive Factors
Conservative Balance Sheet
Low leverage and substantial capitalization give Corero financial resilience and reduce the burden of interest or refinancing obligations. This supports continued investment in its DDoS platform and allows the company to absorb operating volatility without relying heavily on external funding.
Negative Factors
Inconsistent Profitability
The return to a loss while revenue continues to grow shows that top-line expansion is not yet translating reliably into earnings. Negative operating profit can constrain reinvestment and indicates that cost discipline or scale benefits remain insufficient to make profitability durable.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and substantial capitalization give Corero financial resilience and reduce the burden of interest or refinancing obligations. This supports continued investment in its DDoS platform and allows the company to absorb operating volatility without relying heavily on external funding.
Read all positive factors
Corero Network Security (CNS) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£42.25M
Dividend YieldN/A
Average Volume (3M)613.68K
Price to Earnings (P/E)―
Beta (1Y)0.64
Revenue Growth0.46%
EPS Growth-257.14%
CountryUK
Employees91
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding512,165,160
10 Day Avg. Volume431,971
30 Day Avg. Volume613,683
Financial Highlights & Ratios
PEG Ratio0.34
Price to Book (P/B)3.43
Price to Sales (P/S)2.45
P/FCF Ratio29.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)<0.01
Revenue Forecast (FY)£29.00M
Corero Network Security Business Overview & Revenue Model
Company Description
Corero Network Security plc specializes in delivering global solutions to combat distributed denial-of-service (DDoS) attacks. The company's primary offering is the Corero SmartWall product range, designed to proactively neutralize DDoS attack tra...
How the Company Makes Money
Corero primarily makes money by selling and renewing DDoS protection offerings, with revenue generally derived from (1) recurring software subscriptions and support/maintenance attached to its DDoS mitigation platform, and (2) professional service...
Corero Network Security Financial Statement Overview
Summary
Income Statement
60
Neutral
Balance Sheet
85
Very Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 26.03M | 24.56M | 22.35M | 20.12M | 20.89M |
| Gross Profit | 21.26M | 22.43M | 20.18M | 17.55M | 17.78M |
| EBITDA | 1.78M | 2.82M | 2.07M | 1.17M | 2.38M |
| Net Income | -725.92K | 498.00K | -170.00K | 554.00K | 1.52M |
Balance Sheet | |||||
| Total Assets | 32.91M | 33.50M | 28.44M | 26.83M | 29.79M |
| Cash, Cash Equivalents and Short-Term Investments | 4.04M | 5.32M | 5.16M | 5.65M | 11.20M |
| Total Debt | 458.17K | 150.00K | 315.00K | 1.29M | 2.95M |
| Total Liabilities | 14.36M | 14.83M | 11.70M | 10.95M | 13.98M |
| Stockholders Equity | 18.56M | 18.66M | 16.74M | 15.88M | 15.80M |
Cash Flow | |||||
| Free Cash Flow | 2.19M | -693.00K | 494.00K | -2.15M | 2.36M |
| Operating Cash Flow | 3.06M | 3.29M | 3.13M | -1.73M | 2.79M |
| Investing Cash Flow | -4.47M | -3.88M | -2.59M | -2.12M | -2.17M |
| Financing Cash Flow | -185.82K | 765.00K | -1.37M | -1.39M | 605.00K |
Corero Network Security Technical Analysis
Neutral
7.25
Price Trends
8.44
Negative
10.00
Negative
10.74
Negative
Market Momentum
-0.18
Negative
57.50
Neutral
77.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CNS, the sentiment is Neutral. The current price of 7.25 is below the 20-day moving average (MA) of 7.61, below the 50-day MA of 8.44, and below the 200-day MA of 10.74, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 57.50 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:CNS.
Corero Network Security Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | £973.67M | 19.77 | 64.69% | 2.41% | 1.58% | -6.06% | |
75 Outperform | £151.40M | 158.27 | 2.17% | 0.29% | 11.02% | -59.83% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | £42.25M | -85.78 | -3.99% | ― | 0.46% | -257.14% | |
54 Neutral | £24.70M | -13.35 | -8.35% | ― | 7.66% | 8.26% | |
45 Neutral | £1.50M | 5.33 | 58.02% | ― | ― | ― | |
44 Neutral | £16.30M | -1.77 | -16.28% | 5.66% | 7.96% | 83.46% |
* Technology Sector Average
GB:CNS
Corero Network Security
8.25
-1.50
-15.38%
GB:CLCO
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0.16
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GB:IOM
Iomart Group plc
14.35
-6.95
-32.63%
GB:SYS
SysGroup
29.50
13.25
81.54%
GB:BKS
Beeks Financial Cloud Group Plc
220.00
10.00
4.76%
GB:BYIT
Bytes Technology Group Plc
422.60
10.72
2.60%
Corero Network Security Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Corero wins major UK telecom contract and expands NeoCloud footprint
Positive
Sep 2, 2026
Corero Network Security has secured a five-year, $3.4 million managed services contract with a leading UK Tier-1 fixed and mobile telecoms provider, deploying its SmartWall ONE DDoS protection and CORE platform, including Layer 7 TLS capabilities....
Business Operations and StrategyFinancial Disclosures
Corero Network Security Sets Date for Half-Year Results and Investor Presentation
Positive
Aug 26, 2026
Corero Network Security will report its half-year results for the six months to 30 June 2026 on 9 September 2026, underscoring a key information point for investors tracking its performance in the DDoS protection market. The timing keeps the marke...
Business Operations and StrategyProduct-Related Announcements
Corero adds AI-driven Cloud-Assist to SmartWall ONE for faster DDoS protection
Positive
Aug 21, 2026
Corero Network Security has introduced AI-Augmented Cloud-Assist for its SmartWall ONE platform, adding cloud-delivered artificial intelligence analysis, threat intelligence, and policy optimisation to its automated DDoS protection offering. The s...
Business Operations and StrategyFinancial Disclosures
Corero Network Security posts strong H1 growth and wins Tier‑1 U.S. telecom contract
Positive
Aug 6, 2026
Corero Network Security reported strong operational momentum in the first half of 2026, with revenue up 42% to $15.5 million, order intake rising 14% to $14.3 million, and annualised recurring revenue advancing 12% to $24.1 million. High renewal r...
Business Operations and StrategyProduct-Related Announcements
Corero wins $1.1m TierPoint deal for new web security product
Positive
Jun 18, 2026
Corero Network Security has expanded its product portfolio beyond core DDoS mitigation with the launch of a Web Application Security product, part of its CORE platform, aimed at addressing application-layer threats for data centre and cloud custom...
Business Operations and StrategyShareholder Meetings
Corero Network Security Secures Shareholder Backing at 2026 AGM
Positive
Jun 18, 2026
Corero Network Security, a London-headquartered cybersecurity firm focused on automated DDoS protection for service providers and enterprises, operates from centers in the U.S. and the U.K. and provides network visibility, analytics, and reporting...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.