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Corero Network Security plc (CNS.L)

GBp9.00 -0.25 (-2.70%)
GB LSE Technology Software - Infrastructure
Address St Mary’s Court HP7 0UT
Amersham, GB
CEO Carl Wayne Herberger
Website corero.com
IPO 1996-10-31
ISIN GB00B54X0432

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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 traffic. This suite encompasses various components: the SmartWall Threat Defense System, which provides dedicated appliances for DDoS mitigation; the SmartWall Threat Defense Director, offering software-based protection at network edges; the SmartWall Threat Defense Cloud, securing against cloud-centric threats; and SecureWatch Managed Services, a comprehensive package covering configuration fine-tuning, continuous surveillance, and swift incident response. Additionally, Corero provides vital installation and training support. Its diverse client base includes service, hosting, co-location, edge, and SaaS providers, alongside major enterprises. Established in 1991 as Corero plc, the company adopted its current name, Corero Network Security plc, in June 2011 and is based in Amersham, United Kingdom.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
GBp9.00 -0.25 (-2.70%)
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Volume Profile
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Liquidity & share structure
Average Volume
116.9K
Beta
-0.08
Float Shares
36.09M
Free Float %
7.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% +0.00% -14.00% -17.31% +7.50% +12.57% -32.81% +72.00% +3.37% -52.22% -99.56%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
9.00
DCF (Unlevered) 2.66 -70.5%
DCF (Levered) 3.04 -66.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.19
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Software - Infrastructure: +13.7%
    +6.0% Q4'25: +24.0% (vs Q4'23)
  • EPS growth Software - Infrastructure: +28.7%
    -240.0% Q4'25: +61.9% (vs Q4'23)
  • FCF margin FCF growth · Software - Infrastructure: +32.2%
    +6.9% Q4'25: +21.9% (vs Q4'23)
  • EBIT margin Software - Infrastructure: +8.8%
    -2.6% Q4'25: +11.8% (vs Q4'23)
  • ROIC Software - Infrastructure: +6.6%
    -4.5% Q4'25: +46.0% (vs Q4'23)
  • Share dilution Software - Infrastructure: +0.0%
    +1.0% Q4'25: +1.6% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Software - Infrastructure: -1.06×
    0.26× Q4'25: 0.07× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.09) × ERP
WACC = 99% × Ke + 1% × Kd (8.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 2.66 Current price: 9.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
3 Rev. Ana.
2 EPS Ana.
Dec 2027
3 Rev. Ana.
2 EPS Ana.
Dec 2028
2 Rev. Ana.
1 EPS Ana.
Revenue
17.49M
est: 17.30M (+1.1%)
20.57M
est: 20.06M (+2.5%)
10.27M
est: 17.65M (-41.8%)
7.48M
est: 9.11M (-17.9%)
8.34M
est: 16.06M (-48.1%)
8.77M
est: 8.70M (+0.8%)
8.53M
est: 8.55M (-0.2%)
9.95M
est: 10.55M (-5.6%)
9.71M
est: 9.68M (+0.4%)
16.88M
est: 16.77M (+0.7%)
20.90M
est: 20.86M (+0.2%)
20.12M
est: 20.39M (-1.3%)
22.35M
est: 30.36M (-26.4%)
24.56M
est: 24.60M (-0.2%)
26.03M
est: 25.47M (+2.2%)
29.19M
29.03M – 29.53M
+14.6% YoY
32.90M
32.53M – 33.63M
+12.7% YoY
36.94M
36.63M – 37.58M
+12.3% YoY
EBITDA
-434.0K
est: 1.08M (-140.3%)
-5.30M
est: 1.22M (-532.7%)
-5.96M
est: -2.25M (-164.4%)
-9.46M
est: 4.43M (-313.8%)
-10.06M
est: 999.6K (-1,106.4%)
-14.13M
est: 541.8K (-2,707.8%)
-5.51M
est: 7.98M (-169.1%)
-1.53M
est: -11.16M (+86.3%)
-3.02M
est: -2.24M (-34.7%)
-1.16M
est: -7.07M (+83.6%)
2.38M
est: -6.52M (+136.6%)
1.17M
est: -6.99M (+116.8%)
2.07M
est: 2.72M (-23.8%)
2.82M
est: 2.20M (+27.7%)
1.78M
est: 2.28M (-22.0%)
2.62M
2.60M – 2.65M
+14.6% YoY
2.95M
2.92M – 3.01M
+12.7% YoY
3.31M
3.28M – 3.37M
+12.3% YoY
EBIT
-1.96M
est: -266.1K (-634.7%)
-8.06M
est: -302.4K (-2,566.1%)
-8.50M
est: -266.1K (-3,093.3%)
-10.40M
est: -7.17M (-45.0%)
-11.60M
est: -247.0K (-4,594.5%)
-17.26M
est: -133.9K (-12,790.3%)
-8.52M
est: -6.90M (-23.4%)
-4.96M
est: -17.27M (+71.3%)
-6.19M
est: -5.41M (-14.4%)
-3.73M
est: -11.67M (+68.1%)
1.78M
est: -10.76M (+116.5%)
676.0K
est: -11.54M (+105.9%)
28.0K
est: 716.5K (-96.1%)
591.0K
est: 580.6K (+1.8%)
-677.9K
est: 601.1K (-212.8%)
689.0K
685.1K – 696.9K
+14.6% YoY
776.5K
767.8K – 793.8K
+12.7% YoY
872.0K
864.5K – 887.0K
+12.3% YoY
Net Income
-1.96M
est: -7.22M (+72.8%)
-6.06M
est: -44.72M (+86.5%)
8.05M
est: -8.34M (+196.6%)
-10.06M
est: -53.79M (+81.3%)
-11.23M
est: -14.64M (+23.3%)
-17.18M
est: -2.11B (+99.2%)
-8.41M
est: -1.52B (+99.4%)
-5.22M
est: -17.03M (+69.3%)
-6.56M
est: -5.69M (-15.3%)
-3.78M
est: -12.35M (+69.4%)
1.52M
est: -11.39M (+113.4%)
554.0K
est: -361.0K (+253.5%)
-170.0K
est: 1.03M (-116.5%)
498.0K
est: 79.0K (+530.0%)
-725.9K
est: -2.16M (+66.4%)
230.1K
157.7K – 591.3K
+110.6% YoY
1.48M
672.2K – 1.85M
+544.8% YoY
2.49M
2.45M – 2.53M
+67.9% YoY
SGA
est: 7.93M (-100.0%)
est: 9.01M (-100.0%)
12.91M
est: 8.09M (+59.7%)
12.96M
est: 4.17M (+210.5%)
12.70M
est: 7.36M (+72.6%)
11.85M
est: 3.99M (+197.0%)
11.99M
est: 3.92M (+206.3%)
9.43M
est: 4.83M (+95.1%)
11.03M
est: 4.43M (+148.9%)
14.47M
est: 7.68M (+88.4%)
14.45M
est: 9.56M (+51.2%)
14.93M
est: 9.34M (+59.7%)
est: 13.82M (-100.0%)
est: 11.20M (-100.0%)
21.94M
est: 11.59M (+89.2%)
13.29M
13.21M – 13.44M
+14.6% YoY
14.98M
14.81M – 15.31M
+12.7% YoY
16.82M
16.67M – 17.11M
+12.3% YoY
EPS
-0.04
est: -0.01 (-204.5%)
-0.10
est: -0.09 (-8.1%)
0.11
est: -0.08 (+232.9%)
-0.12
est: -0.11 (-11.2%)
-0.09
est: -0.03 (-193.6%)
-0.09
est: -4.17 (+97.8%)
-0.03
est: -2.98 (+99.0%)
-0.01
est: -0.02 (+19.7%)
-0.02
est: -0.02 (+2.1%)
-0.01
est: -0.01 (+2.0%)
0.00
est: 0.00 (+158.9%)
0.00
est: -0.30 (+100.4%)
0.00
est: 0.00 (-115.0%)
0.00
est: 0.00 (+549.3%)
0.00
est: 0.00 (+64.6%)
0.00
0.00 – 0.00
+117.3% YoY
0.00
0.00 – 0.00
+236.6% YoY
0.00
0.00 – 0.00
+96.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 C+ 2/5 3/5 1/5 1/5 4/5 1/5 2/5
2026-05-28 C+ 2/5 3/5 1/5 1/5 4/5 1/5 2/5
2026-05-27 C+ 2/5 3/5 1/5 1/5 4/5 1/5 2/5
2026-05-26 C+ 2/5 3/5 1/5 1/5 4/5 1/5 2/5
2026-05-22 C+ 2/5 3/5 1/5 1/5 4/5 1/5 2/5
2026-05-21 C+ 2/5 3/5 1/5 1/5 4/5 1/5 2/5
2026-05-20 C+ 2/5 3/5 1/5 1/5 4/5 1/5 2/5
2026-05-19 C+ 2/5 3/5 1/5 1/5 4/5 1/5 2/5
2026-05-18 C+ 2/5 3/5 1/5 1/5 4/5 1/5 2/5
2026-05-15 C 2/5 3/5 1/5 1/5 3/5 1/5 2/5
2026-05-14 C 2/5 3/5 1/5 1/5 3/5 1/5 2/5
2026-05-13 C 2/5 3/5 1/5 1/5 3/5 1/5 2/5
2026-05-12 C 2/5 3/5 1/5 1/5 3/5 1/5 2/5
2026-05-11 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-08 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-07 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-06 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-05 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-01 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-30 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-29 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-28 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-27 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-24 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-23 C 2/5 2/5 1/5 1/5 3/5 1/5 3/5
2026-04-22 C 2/5 2/5 1/5 1/5 3/5 1/5 3/5
2026-04-21 C 2/5 2/5 1/5 1/5 3/5 1/5 3/5
2026-04-20 C 2/5 2/5 1/5 1/5 3/5 1/5 3/5
2026-04-17 C 2/5 2/5 1/5 1/5 3/5 1/5 2/5
2026-04-16 C 2/5 2/5 1/5 1/5 3/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.89M
OE per share TTM
0.00
Owner's Yield
3.45%
Maintenance CapEx ratio
24.52%
Maint CapEx / Avg PPE
5.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-7.8K
Shares Outstanding
512.17M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Carl Wayne Herberger Chief Executive Officer & Director 457.7K male
Christopher James Goulden Chief Financial Officer & Director 290.7K male
Emma Rockey Company Secretary female
Joao Melo Executive Vice President of Operations & Customer Services male
Julian Palmer Executive Vice President of Engineering male
Michelle Ragusa-McBain Global Channel Chief & VP of Channel Sales female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits