Corero Network Security Share Discussion Threads

[rolo7] 10/1/2016 21:09

Maybe they could do a deal with many banks, cash for ddos protection etc.....

[affc21] 10/1/2016 20:53

Rolo, regarding potential fund raise - I suppose a lot depends on how thick and fast any orders come rolling in.
Not saying a fund raising will not happen, but an other option could be via a company financial loan...


Corero stated at the last fund raise, " It is anticipated that the fund raise will enable the Company to achieve positive cash flows from trading in the second half of 2016. A further announcement regarding the completion of the Subscription will be announced later today". - see below:


Trading update and Proposed Fundraising (Dated 30 July 2015 )

Proposed Fundraising to raise up to £5.0 million

Proposed Fundraising to raise up to £5.0 million Corero is proposing to raise up £5.0 million at 10p per share by way of a subscription. The net proceeds of the proposed fundraising will be deployed to support SmartWall TDS sales and marketing activities in the US and Europe, and the further development of the SmartWall TDS product.  It is anticipated that the fund raise will enable the Company to achieve positive cash flows from trading in the second half of 2016. A further announcement regarding the completion of the Subscription will be announced later today.

[rolo7] 10/1/2016 15:02

Zac likes cns but shame the other chap does not on shareprophets today, got a fair point about cns running out of cash.

[affc21] 09/1/2016 18:17

CORERO NETWORK SECURITY (CNS) summary:

Corero Network Security is the leader in real-time, high-performance DDoS defense solutions. Service providers, hosting providers and online enterprises rely on Corero's award winning technology to eliminate the DDoS threat to their environment through automatic attack detection and mitigation, coupled with complete network visibility, analytics and reporting. This next-generation technology provides a First Line of Defense® against DDoS attacks in the most complex environments while enabling a more cost effective economic model than previously available.





Recent news flow is looking like it could be a transformational year for this small company, following Contract Win’s with some big companies;
First order for the SmartWall® Threat Defense System ("SmartWall TDS") from a North American Tier 1 Internet Service Provider ("ISP") (Dated 10/12/2015).
Then followed by a First order for its SmartWall(R) Threat Defense System ("SmartWall TDS") from a European Tier 1 Internet Service Provider ("ISP") (Dated 10 December 2015).


These are big companies (Tier 1 ISP’s) from their respective regions.
With more orders alluded to follow - see article below:

Corero sees huge cyber potential after contract wins:
The chief of Corero Network Security sees hundreds of further opportunities for new business on the back of two recent landmark cyber contracts struck with tier-one internet service providers (ISPs):
(You will need to copy and paste the web link below into your web browser)
www.proactiveinvestors.co.uk/companies/news/121021/corero-sees-huge-cyber-potential-after-contract-wins-121021.html





------

Recent News Flow:

Tier 1 Internet Service Provider Contract Win (6 January 2016)
First order for its SmartWall® Threat Defense System ("SmartWall TDS") from a European Tier 1 Internet Service Provider ("ISP"):


Significant Contract Win (5 January 2016)
Order for its SmartWall® Threat Defense System ("SmartWall TDS") from a US hosting provider:

Tier 1 Internet Service Provider Contract Win (10 December 2015)
First order for the SmartWall® Threat Defense System ("SmartWall TDS") from a North American Tier 1 Internet Service Provider ("ISP") :


Significant Contract Win to a UK FTSE 100 company (2 October 2015):



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1/ High growth within their market (DDos Mitigation forecast 66% growth upto 2018 - $1.5 billion market in 2018 - According to Infonetics Research).


2/ New multi award winning product/service (SmartWall TDS):



3/ Collaboration with Verisign (a world leading internet security company):



4/ Directors & Management show their faith in the company by purchasing more than £2m shares in a share placing last year and hold a substantial holding at over 40% in the company.
Details of proposed Fund Raising, which was duly passed:


5/ Richard John Koch (early stage investor) further increases his shareholding in CNS to 23,591,000 shares / 14.24% of company:

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[cottoner] 09/1/2016 17:20

The Corero website supplies a list of testimonials and case studies from companies who are successfully using Corero's Smartwall THreat Defense System (TDS).


Very satisfied customers.

Well worth a read for anyone interested in CNS.

[cottoner] 09/1/2016 13:55

Corero given a write-up the the FT's Share-Cap article, although they made an error saying the shares closed up 6.75 per cent on Friday rather than 6.75p.

.............................................................................

[cottoner] 09/1/2016 13:50

Corero mention in the Daily Mail's Market Report.


'Away from the blue-chips, one of the stars of the week has been cyber security specialist Corero, up 32.5pc to 28p yesterday, meaning it has motored over 50 per cent in the past week. The bump comes on the back of two big contract wins: one with a major US web hosting firm, the other with a European internet service provider.'

Read more:

[rolo7] 08/1/2016 20:38

Csn did some sort of deal with verisign a while ago!? big companies in the same sector endorse cns products

[bones30] 08/1/2016 20:15

No problem.

[cottoner] 08/1/2016 20:02

Bones,

Hi, Was editing it as I went along - didn't expect someone to read it as quickly!

[bones30] 08/1/2016 20:01

Oh you've fixed your post. I was thinking you were suggesting it had a market cap even comparable to most of those as it doesn't!

[cottoner] 08/1/2016 19:56

Sorry, No it doesn't what?

[bones30] 08/1/2016 19:50

Huh? No it doesn't. Unless I've understood your post. Have you run whatever's come up with that list correctly?

[cottoner] 08/1/2016 19:41

raysor 8 Jan'16 - 15:27 - 243 of 244 0 0

“There are only a few companies like us that can do what we can do."

Who are they?

=============================================================


Global DDoS Prevention Market 2015-2019


Technavio's analysts forecast the global DDoS prevention market to grow at a CAGR of 22.92% over the period 2014-2019.


Key vendors

Akamai
Arbor Networks
AT&T
British Telecom
Corero Network Security
Fortinet
Huawei Technologies
Juniper Networks
Neustar
NSFOCUS Information Technology
Orange Business Solutions
Prolexic Technologies Radware
RioRey
Savvis-CenturyLink
Verisign
Verizon Communications


I'm not suggesting that Corero is worth anything like as much as those other companies listed above , but shows what size of companies Corero is being compared with as far as DDOS prevention products.

The current circa Market Caps of the others on the list :

Akamai (AKAM) - $8,646M

Arbor Networks - BIG

AT&T - BIG

British Telecom - BIG

Corero Network Security - £45M

Fortinet (FTNT) - $5,019M

Huawei Technologies - Chinese Multinational

Juniper Networks (JNPR) - $9,985M

Neustar (NSR) - $1,173M

NSFOCUS Information Technology - Large Private Company.

Orange Business Solutions - BIG

Prolexic Technologies Radware (now part of AKAMI - who bought it for $370M in 2014)

RioRey - Large Private Company

Savvis-CenturyLink (CTL) - S13,362M

Verisign (VRSN) - S8,887M

Verizon Communications (VZC) - $69,164M

[rolo7] 08/1/2016 17:43

always read cns twitter bitcoin ddos attack

[raysor] 08/1/2016 15:27

“There are only a few companies like us that can do what we can do."

Who are they?

[rolo7] 08/1/2016 14:50

Senior Sales Appointment bearing fruit.

Three of the recently announced contract wins have been in America.

Last year CNS announced the following appointment:

Scott Prouty has been appointed Senior Vice President of Sales, North America. Prior to joining Corero, Prouty served as Vice President of Service Provider Sales, North America for RedSeal Networks. In this position, he led the sales and go-to-market strategy for building the company's service provider customer base, which included some of the largest service providers in North America. Previously, at Arbor Networks, Prouty held the position of Vice President Sales, Americas and as founder of the sales organisation, he led the company to rapid growth.

sorry to post again but this appointment seems to be key to cns

[rolo7] 08/1/2016 14:44

here comes are USA buyers.... I think the new sales people in previous posts here were working for the main players and come to cns

[raysor] 08/1/2016 14:31

Who are the main players?

[cottoner] 08/1/2016 14:12

Rising due to the validation of their product with main players in such a big and growing market.

[woodcutter] 08/1/2016 13:35

I sold my holding the the other day the share price has got way ahead of the fundamentals too quickly in my view. Will revisit when they've got closer to the $20m revenue i think they need to get close to making a profit. Would have been nice to have picked up a few extra pennies selling today though.

woody

[raysor] 08/1/2016 13:12

1. Directors
2. 1.5m shares
3. Wouldn't make sense to be able to sell straight away!
4. But then you have found all the info.

They are not performance related but then they will incentivise hopefully.