Corero Network Security Share Discussion Threads

[romeo] 06/9/2012 01:10

Orange, give it a rest. I am holding, continue to hold, believe this stock will come good in the end.

[diggulden] 05/9/2012 21:24

Yes I think so Matt, city obviously weren't expecting gross margin to be hit so much in H1. Sales up though, and reasonably bullish update statement. Need to see why those costs were so high though.

[matt123d] 05/9/2012 19:11

Picked up a few here, looks interesting at these levels.

[orange1] 05/9/2012 16:49

Romeo and illiquid small-caps...

Romeo 29 Mar'12 - 01:56 - 47 of 60

Through 60 pence, chart looks outstanding!

[goodgrief] 05/9/2012 14:47

Charts and illiquid small-caps...

Romeo 29 Mar'12 - 01:56 - 47 of 60

Through 60 pence, chart looks outstanding!

[diggulden] 05/9/2012 14:14

Sales up, but margins down without any real explanation. Heavily hit today, looks overdone to me though. Any thoughts?

[cocker] 28/8/2012 21:04

San Miguel County, Colorado selects corero networks today....

[cocker] 10/7/2012 18:25

Phase 2 selects corero networks DDoS 10th July

[cocker] 12/6/2012 20:21

FASTMETRICS Selects corero networks DDoS 12th June!

[cocker] 07/6/2012 13:40

Did anyone attend todays agm?.
It would have been a good idea for the company to update the market on current trading, or is that me being optimistic..

[gac141] 15/5/2012 13:39

15/05/2012 Corero Network Security (CNS: LN), the leading global provider of Distributed Denial of Service (DDoS) defense and Next Generation Intrusion Prevention Systems (NGIPS), today announced GamersFirst has selected its technology to mitigate DDoS attacks, which were disrupting online play, and provide comprehensive intrusion prevention against malicious content attacks.

GamersFirst, an online gaming portal that serves more than 28 million gamers in 160 countries, turned to Corero because of severe DDoS attacks, which were rendering its games unplayable, sometimes for extended periods of time. The service degradation and interruptions put GamersFirst at risk of permanently losing frustrated customers to other video gaming sites, as well as resulting in lost revenue for the company.

"DDoS attacks cost us thousands of dollars an hour, and the increasingly frequent disruptions were slowing down games, even bringing them to a halt in some cases," said Matt Gee, GamersFirst's network engineer. "It's all the money that players can't spend and we can't get."

Corero's DDoS Defense technology, built in to its NGIPS, immediately brought the attacks under control. "Corero started to mitigate the DDoS attacks right away," Gee said. "Without Corero, DDoS attacks would slow online gaming response times. Service pretty much stopped if the attack was heavy enough. But now it doesn't get to that point."

In addition to stopping DDoS attacks, Corero's NGIPS detects and blocks many other attacks, including SQL injections and cross-site scripting, that attempt to exploit gaming applications and compromise back-end data bases. In addition, Corero's solution has put a stop to the kinds of hacks some gamers execute to cheat online.

"Corero is providing GamersFirst with advanced, reliable DDoS mitigation and Next Generation IPS solutions, helping the company fulfill its pledge to online gamers worldwide by maintaining continuous availability and outstanding responsiveness, as well as comprehensive intrusion prevention against malicious content attacks," said Marty Meyer, CEO of Corero Network Security. "Companies such as GamersFirst that rely heavily on the Internet are acutely aware how devastating any downtime can be to their bottom line. Corero's cutting-edge solutions span the globe with hundreds of blue chip corporations, protecting their assets while ensuring business continuity."

Corero's NGIPS provides unmatched detection of both known and unknown (zero-day) threats. Its Three Dimensional Protection (3DP) architecture provides DDoS Defense, prevents undesired access and protects against malicious content attacks.

"We've had a very positive experience with Corero, because of both their DDoS mitigation and IPS capabilities," said Gee. "Having the ability to pick and choose what we allow into the network is a big plus for us, helping GamersFirst fulfill its promise to gamers around the world."

[stegrego] 14/5/2012 12:30

Im hovvering here too, but scant on info. Been watching for a while.

[cocker] 14/5/2012 07:10

Some very welcome news indeed!.

[cocker] 11/4/2012 17:39

I see corero have a new top notch board member join them today to spearhead their international expansion.

[gac141] 03/4/2012 16:01

Corero Network Security (CNS: LN), a leading global provider of Network Intrusion Prevention Systems (IPS) and Distributed Denial of Service (DDoS) Defense Systems, today announced its IPS is now protecting The Pep Boys – Manny, Moe & Jack – (NYSE: "PBY") the nation's leading automotive aftermarket service and retail chain.

For Pep Boys, their customers and employees are paramount, and safeguarding their information is of the utmost importance. To help protect its nationwide network of more than 700 stores and its corporate headquarters against malicious attacks, Pep Boys called on Corero. In addition to information collected from retail transactions, as a customer-centric company, Pep Boys is entrusted with a large amount of customer information through its online "Glovebox" feature, which enables customers to record and conveniently access information about their vehicles and service history.

Corero's Next Generation IPS proactively protects Pep Boys' networks against attack. Corero's IPS also facilitates Pep Boys compliance with the Payment Card Industry Data Security Standard (PCI DSS), which requires protection of cardholder data, as well as compliance with Sarbanes-Oxley (SOX) information security mandates. The IPS also protects against data breaches that would require damaging public disclosure through the more than 40 state data breach notification laws.

"Servicing our customers and safeguarding their information are our number one priorities," said Pete Bottcher, Pep Boys Information Security Officer. "Corero's IPS is a key technology we use to protect our customer and employee records.

"PCI is our main compliance challenge. We process millions of credit card transactions annually from our different stores, and they all traverse out network, so meeting PCI DSS requirements is always a top consideration. Corero's log-based reporting features enabled through its Network Security Analyzer (NSA) tool is particularly useful during PCI DSS audits."

Bottcher gets timely updates to protect Pep Boys and its customers against the latest threats, and values the information and recommendations that accompany them. He uses this information to apply updates based on Pep Boys' particular environment. He also benefits from Corero's rollback feature, which allows him to revert to previous software versions if there is an issue.

"The support is fantastic," Bottcher said. "Corero gives me both reliability and flexibility. It has the flexibility to run in bypass mode to allow us to test and troubleshoot before we deploy. And it has the reliability in terms of being a dependable appliance, its ease of use and unsurpassable service and support."

"In today's business environment, so many organizations are seeking technology that can handle the evolving threat of malicious attack while better aligning with their business priorities to service and safeguard their customers," said Marty Meyer, CEO of Corero Network Security. "Customers just like Pep Boys are finding that Corero Network Security's next generation IPS and DDS solutions are far more relevant to their needs."

Corero's Next Generation IPS provides unmatched detection of both known and unknown (zero-day) threats. Its Three Dimensional Protection (3DP) architecture comprises DDoS Defense, stateful firewall filtering, and two-tiered Stateful Protocol Analysis (SPA) traffic inspection to provide threat detection that surpasses IPS products that rely solely on attack signatures. The innovative multi-processor platform provides the lowest latency and highest reliability in the industry, as well as superior throughput, flexibility and scalability.

About Pep Boys

Established in 1921, Pep Boys is the nation's leading automotive aftermarket chain. With more than 7,000 service bays in more than 700 locations in 35 states and Puerto Rico, Pep Boys offers name-brand tires; automotive maintenance and repair; parts and expert advice for the Do-It-Yourselfer; commercial auto parts delivery; and fleet maintenance and repair. Customers can find the nearest location by calling 1-800-PEP-BOYS (1-800-737-2697) or by visiting

[romeo] 29/3/2012 01:56

Through 60 pence, chart looks outstanding!

[cocker] 22/3/2012 19:12

Up another 3p today on decent volume, only another 20p & then I'm evens for a ten year investment. Yippee

[damanko] 21/3/2012 09:46

This from last May, first time I've seen it to be honest. Seems that as a group, the various Foresight VCT's may have a larger stake than I thought. All to the good for holders, as long as CNS continues to trade well.


CORERO PLC
("Corero" or "the Company")
25 May 2011
Holdings in Company
Corero announces that, as a consequence of the completion of the administrative processing of a share exchange agreement dated 13 July 2010 between Foresight VCT Plc and Foresight 3 VCT Plc (together, "Foresight Funds") and New City High Yield Fund Limited ("New City"), New City (having notified the Company on 13 May 2011) are now interested in 658,188 ordinary shares of 1p in the Company, representing less than 3% of its voting rights, and Foresight Funds (informing the Company yesterday) are consequently interested in a further 897,368 ordinary shares in the Company.

[damanko] 21/3/2012 09:33

Foresight VCT (FTC) last accounts show £1,635,616 invested, with a valuation at 30th June 2011 of £324,910 (bid price at that date).

As the bid price is now about 20% above that level, FTV's stake should be worth in the region of £400,000 and growing.

Some years ago FTV stated their holding in Mondas / CNS to be 6,383,691 shares, plus loan stock of £535,000.

FTV has had a very good run in the market of late, due to a couple of exits, perhaps due also to some optimism in the ongoing prospects in Corero. Compared to a few years ago, CNS now appears to be company with a future. Here's hoping.

[cocker] 21/3/2012 07:27

The company seems to be moving in the right direction as does the share price. However,it seems as if we will have to wait a little longer before fruition. A little shame we never had a current trading update though. Perhaps George/ Patrick & Roy could share their views on the results.

[romeo] 21/3/2012 01:18

Corero prepared for lift-off in 2012
By John Harrington - Sharecast
Tue 20 Mar 2012
CNS - Corero Network Security

Corero prepared for lift-off in 2012 LONDON (SHARECAST) - Corero Network Solutions, the network intrusion protection company, is investing heavily to drive top line growth in 2012 after spending most of 2011 refashioning the company.

The company reported full year results for 2012 that were heavily distorted by the acquisition of Top Layer Networks, the US network security firm's whose intellectual property will form the basis of Corero's cyber-security platform.

Revenues rose from £3.0m in 2010 to £11.3m in 2011, with Top Layer - now renamed Corero Network Security - contributing £6.9m to that.

The legacy part of the business, Corero Business Systems, which supplies finance and business systems - the latter principally to the education market - chipped in with revenue of £4.4m, up 45% on 2010's level.

The company's management makes no bones about the fact that the two parts of the business operate entirely independently, and offer no real synergies.

Management took over Corero intending to use it as a vehicle for its "buy and build" strategy in the cyber-security arena, but discovered that the business systems bit of the firm it had bought was a nice little operation, which had been used as a cash cow by the previous management.

"We have liberated that business," Chief Operating Officer Andrew Miller told Sharecast. "We grew headcount from 30 to over 50 during 2011 and will continue to invest in CBS [Corero Business Systems] to drive growth," Miller vowed.

The group as a whole made an underlying operating profit of £0.29m, down from £0.33m in 2010, and made an adjusted loss before tax of £0.26m, versus a loss of £0.03m the year before.

Acquisition and restructuring costs of £0.6m were largely responsible for the deterioration in the bottom line, but Miller stresses that these were "one off costs that won't be recurring."

"We feel we have the right management in place now to take the business forward," Miller said.

The company also has plenty of cash, having successfully raised £4.3m through a share placing in March which saw the company cast its net beyond its existing shareholders to get some new institutional investors on board.

"We had significant demand and had to scale back interest," Miller divulged.

Corero's gross profit margin is an eye-popping 77%, which means it can afford to give up a bit of margin to resellers and distributors, as it moves even further to an indirect selling model.

"What you give away in margins, you gain in leverage," explained Jens Montanana, Chairman of Corero, and also founder and Chief Executive Officer of Datatec, the information and communications technology products and services provider.

For Corero, it is all about growing the top line, as increased sales will add very little to the overheads, ensuring most of the increased revenue drops through to the bottom line.

Miller acknowledges that Corero is a small company competing against some big players, but - as you would expect - he is convinced that the company has a compelling product serving a fast growing market.

"We position ourselves as the first line of defence [on a company network]. Some of our clients have intrusion protection systems (IPS) from our rivals but they do not have the ability to counteract a distributed denial of service attack in the same way our platform has, so they use our product to augment their existing IPS," Miller said.

A distributed denial of service - or DDoS - attack is when malware attempts to bring a computer system grinding to a halt by flooding it with pointless input/output requests.

"Obviously, when they upgrade their IPS systems, we hope they will move over completely to using our platform," Miller added.

In view of the recent profit warning from network monitoring solutions firm Endace, which has been experiencing delays in getting customers to sign on the dotted line, analysts have apparently been questioning Corero about how their markets are holding up.

Miller and Montanana were adamant that Endace is a different kettle of fish, both in product terms and in the size of contracts the two companies typically deal in.

"Endace is purely a network monitoring firm. Their products can alert the user to an attack, but they can't counter it in the way our products can. It's a different market," Miller explained.

Montanana, meanwhile, pointed out that Endace is dealing in much bigger contracts than Corero, which leads to "longer lead times, as more people have to sign off on them."

Shares in Corero were up 4% following the figures.

[romeo] 20/3/2012 07:09

Results out!