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Corero Network Security plcAIM:CNS Stock Report

Market Cap UK£60.2m
Share Price
UK£0.12
UK£0.14
18.6% undervalued intrinsic discount
1Y-32.9%
7D-4.1%
Portfolio Value
View

Corero Network Security plc

AIM:CNS Stock Report

Market Cap: UK£60.2m

Corero Network Security (CNS) Stock Overview

Provides network security solutions in the United States, the United Kingdom, and internationally. More details

CNS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance0/6
Financial Health5/6
Dividends0/6

CNS Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

Corero Network Security plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Corero Network Security
Historical stock prices
Current Share PriceUK£0.12
52 Week HighUK£0.18
52 Week LowUK£0.085
Beta-0.089
1 Month Change-6.00%
3 Month Change-9.62%
1 Year Change-32.86%
3 Year Change79.39%
5 Year Change4.91%
Change since IPO-99.57%

Recent News & Updates

Narrative Update Mar 11

CNS: Latin American And APAC DDoS Deals Will Support Future Rerating Potential

Analysts have made a small trim to their price target for Corero Network Security, reflecting slightly higher discount rate assumptions and a modestly lower profit margin outlook, while keeping fair value unchanged at £0.14 and nudging the assumed future P/E multiple to 26.9x. What's in the News Corero Network Security announced a partnership with EdgeUno to offer automated DDoS protection as a fully managed service across EdgeUno's regional footprint, built on the SmartWall ONE platform and rolled out in phases starting with IP Transit customers (Key Developments).
Narrative Update Feb 24

CNS: Latin American And APAC DDoS Partnerships Will Support Future Rerating Potential

Analysts have lifted their price target on Corero Network Security to £0.14. This reflects updated assumptions that keep fair value around £0.14 while adjusting the discount rate, profit margin expectations and a lower future P/E multiple.
Narrative Update Feb 10

CNS: Latin American And APAC DDoS Deals Will Support Measured Rerating Potential

Analysts have maintained their price target on Corero Network Security broadly in line with their earlier view, with only a modest adjustment that reflects updated assumptions on discount rate, profit margin expectations, and a slightly lower future P/E multiple. What's in the News Corero Network Security plc entered a partnership with EdgeUno to offer automated DDoS protection as a fully managed service across EdgeUno's regional footprint, using the SmartWall ONE platform to help keep services online during faster and harder to detect attacks (Key Developments).

Recent updates

Narrative Update Mar 11

CNS: Latin American And APAC DDoS Deals Will Support Future Rerating Potential

Analysts have made a small trim to their price target for Corero Network Security, reflecting slightly higher discount rate assumptions and a modestly lower profit margin outlook, while keeping fair value unchanged at £0.14 and nudging the assumed future P/E multiple to 26.9x. What's in the News Corero Network Security announced a partnership with EdgeUno to offer automated DDoS protection as a fully managed service across EdgeUno's regional footprint, built on the SmartWall ONE platform and rolled out in phases starting with IP Transit customers (Key Developments).
Narrative Update Feb 24

CNS: Latin American And APAC DDoS Partnerships Will Support Future Rerating Potential

Analysts have lifted their price target on Corero Network Security to £0.14. This reflects updated assumptions that keep fair value around £0.14 while adjusting the discount rate, profit margin expectations and a lower future P/E multiple.
Narrative Update Feb 10

CNS: Latin American And APAC DDoS Deals Will Support Measured Rerating Potential

Analysts have maintained their price target on Corero Network Security broadly in line with their earlier view, with only a modest adjustment that reflects updated assumptions on discount rate, profit margin expectations, and a slightly lower future P/E multiple. What's in the News Corero Network Security plc entered a partnership with EdgeUno to offer automated DDoS protection as a fully managed service across EdgeUno's regional footprint, using the SmartWall ONE platform to help keep services online during faster and harder to detect attacks (Key Developments).
New Narrative Jan 29

Always On Cyber Protection And Global Expansion Will Support Long Term Upside Potential

Catalysts About Corero Network Security Corero Network Security provides specialised cyber protection that keeps customers' online services available by filtering and blocking disruptive attacks in real time. What are the underlying business or industry changes driving this perspective?
Narrative Update Jan 27

CNS: Latin American DDoS Partnership Will Drive Future Rerating Potential

Analysts have slightly reduced their price target on Corero Network Security, reflecting marginal adjustments to fair value, discount rate and future P/E assumptions rather than any major change in their overall view of the business. What's in the News Corero Network Security entered into a partnership with Auben Networks, its first regional agreement in Argentina, with Auben set to resell Corero's full DDoS protection portfolio, including the SmartWall ONE platform, across Argentina, Chile and neighboring markets (Key Developments).
Analysis Article Jan 13

Even With A 26% Surge, Cautious Investors Are Not Rewarding Corero Network Security plc's (LON:CNS) Performance Completely

Corero Network Security plc ( LON:CNS ) shareholders would be excited to see that the share price has had a great...
Narrative Update Jan 12

CNS: Future DDoS Contract Wins Will Drive Rerating Potential

Analysts have trimmed their price target for Corero Network Security to approximately £0.14 per share from about £0.19, citing updated assumptions around higher projected revenue growth, a slightly different discount rate, modestly adjusted profit margins, and a lower expected future P/E multiple. What's in the News Reaffirmed guidance for the year ending December 31, 2025, with expected revenue in a range of $24.0m to $25.5m, compared with reported revenue of $24.6m for FY 2024 (Corporate guidance).
Analysis Article Jul 17

Corero Network Security plc's (LON:CNS) 38% Cheaper Price Remains In Tune With Revenues

Unfortunately for some shareholders, the Corero Network Security plc ( LON:CNS ) share price has dived 38% in the last...
Analysis Article May 24

Corero Network Security (LON:CNS) Is Looking To Continue Growing Its Returns On Capital

What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
Analysis Article Apr 08

Corero Network Security plc (LON:CNS) Stocks Pounded By 26% But Not Lagging Industry On Growth Or Pricing

Corero Network Security plc ( LON:CNS ) shareholders that were waiting for something to happen have been dealt a blow...
User avatar
New Narrative Feb 08

New Partnerships With Akamai And Juniper Will Expand Global Cybersecurity Presence

Strategic partnerships and restructuring are driving revenue growth and enhancing market reach, with an emphasis on efficiency and net margins.
Analysis Article Jan 15

Returns At Corero Network Security (LON:CNS) Are On The Way Up

There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...
Analysis Article Oct 18

Investors Appear Satisfied With Corero Network Security plc's (LON:CNS) Prospects As Shares Rocket 42%

Corero Network Security plc ( LON:CNS ) shareholders have had their patience rewarded with a 42% share price jump in...
Analysis Article Jul 05

Corero Network Security plc's (LON:CNS) Shares Climb 30% But Its Business Is Yet to Catch Up

Despite an already strong run, Corero Network Security plc ( LON:CNS ) shares have been powering on, with a gain of 30...
Analysis Article Jun 13

Estimating The Fair Value Of Corero Network Security plc (LON:CNS)

Key Insights The projected fair value for Corero Network Security is UK£0.18 based on 2 Stage Free Cash Flow to Equity...
Analysis Article Apr 18

Corero Network Security plc's (LON:CNS) 27% Jump Shows Its Popularity With Investors

Despite an already strong run, Corero Network Security plc ( LON:CNS ) shares have been powering on, with a gain of 27...
Analysis Article Jul 07

Corero Network Security plc's (LON:CNS) Shareholders Might Be Looking For Exit

With a price-to-earnings (or "P/E") ratio of 74.6x Corero Network Security plc ( LON:CNS ) may be sending very bearish...
Analysis Article Oct 28

These 4 Measures Indicate That Corero Network Security (LON:CNS) Is Using Debt Reasonably Well

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article May 09

Shareholders Shouldn’t Be Too Comfortable With Corero Network Security's (LON:CNS) Strong Earnings

Even though Corero Network Security plc ( LON:CNS ) posted strong earnings recently, the stock hasn't reacted in a...
Analysis Article Nov 02

Is Corero Network Security (LON:CNS) Using Debt In A Risky Way?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Apr 19

Is Corero Network Security (LON:CNS) Using Debt Sensibly?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Feb 03

The Corero Network Security (LON:CNS) Share Price Has Gained 178%, So Why Not Pay It Some Attention?

It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes...
Analysis Article Nov 25

Did Corero Network Security plc (LON:CNS) Insiders Buy Up More Shares?

It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

Shareholder Returns

CNSGB SoftwareGB Market
7D-4.1%-2.4%0.8%
1Y-32.9%-27.9%19.9%

Return vs Industry: CNS underperformed the UK Software industry which returned -30.2% over the past year.

Return vs Market: CNS underperformed the UK Market which returned 20% over the past year.

Price Volatility

Is CNS's price volatile compared to industry and market?
CNS volatility
CNS Average Weekly Movement4.9%
Software Industry Average Movement5.8%
Market Average Movement5.7%
10% most volatile stocks in GB Market12.0%
10% least volatile stocks in GB Market3.1%

Stable Share Price: CNS has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: CNS's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199191Carl Herbergerwww.corero.com

Corero Network Security plc, together with its subsidiaries, provides network security solutions in the United States, the United Kingdom, and internationally. The company offers SmartWall One, a distributed denial of service solution that provides hybrid and on-premises DDoS protection solutions; deployment options comprising inline and data path protection, edge mitigation, and scrubbing; SecureWatch managed services; and DDoS intelligent services. It also offers Corero Observability and Resiliency Ecosystem, a cloud-native visibility and protection platform that provides application layer protection, zero trust admission control, advanced anti-bot protection, comprehensive threat intelligence, and real-time traffic analysis.

Corero Network Security plc Fundamentals Summary

How do Corero Network Security's earnings and revenue compare to its market cap?
CNS fundamental statistics
Market capUK£60.18m
Earnings (TTM)-UK£530.58k
Revenue (TTM)UK£19.03m
3.2x
P/S Ratio
-113.4x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CNS income statement (TTM)
RevenueUS$25.50m
Cost of RevenueUS$2.52m
Gross ProfitUS$22.98m
Other ExpensesUS$23.69m
Earnings-US$711.00k

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-0.0014
Gross Margin90.13%
Net Profit Margin-2.79%
Debt/Equity Ratio0%

How did CNS perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/14 01:37
End of Day Share Price 2026/05/14 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Corero Network Security plc is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kai KorscheltCanaccord Genuity
Daniel RidsdaleEdison Investment Research
Hai Thang LiaoZeus Capital Limited