Corero Network Security Share Discussion Threads

[owenski] 17/4/2019 16:51

Volume's perked up though

[owenski] 17/4/2019 16:49

Indeed, M.cap now at 43m.

Seems steep for such slow progress.

[monty9] 17/4/2019 16:47

Has anyone noticed this increasing by over 40% in the last few days?

[owenski] 11/4/2019 09:05

The elusive EBIT breakeven keeps getting pushed back.

For such a 'must have product' I find all these security minnow companies seldom deliver.

[owenski] 02/4/2019 10:20

No figures given. They need to crank out these orders quicker, will be interesting to see some numbers in results.

[owenski] 26/2/2019 07:10

Cash burn at last update was 2.5m / year

Good to see a larger contract but difficult to work out figures as one element is over 3 years. Need to score a lot more of these to even hit breakeven.

M.cap still 37m and loss making. No doubt share price will be marked up at open.

[owenski] 05/1/2019 15:13

Share price down from 42p in 2011 to current 11p,

Note the market cap. up from 20m at 42p to over double at 44m and yet share price is now only 11p

Just goes to show the abysmal wealth destruction of paying the wage bill year in year out by ordinary investors.

Quite sobering really, and now they've recently started taking on debt to pay the wage bill, and they'll be raising again. Horrendous.

[owenski] 05/1/2019 13:46

Next fund raise will bring a dose of reality here. 5p

[scantrader] 03/1/2019 10:21

Yes - the original forecasts (in my link above) were bad enough.

[owenski] 03/1/2019 08:42

Unbelievable valuation. They keep saying they hit breakeven and another year goes by when they don't.

Looks like they've hired someone to try and ramp the sales up.

Cant help wondering if this'll ever make it. 48m M.cap. Jeez.

Another fund raise this year on the cards then.

[scantrader] 19/12/2018 14:41

Yep. Weirdly bad value imo. Look at the (negative) earnings forecasts for this year and next, despite revenue growth already factored in.

[owenski] 15/10/2018 08:44

This'll tank, lol to myself, surprised by reaction, another 2m added to m.cap and still not near breakeven. Not a stock I'd buy.

[owenski] 15/10/2018 07:24

40m M.cap, having a laugh, this'll tank.

[owenski] 15/10/2018 07:23

For whatever claims CNS makes, they are not the only DDOS providers out there, seems to me in this game one has to get a move on or there are too many others fighting to sell security products and they have more in their stable than just DDOS capability.

CNS momentum seems to have stalled, not convinced by this company at present.

[owenski] 15/10/2018 07:18

Gonna tank today.

Weren't they supposed to be profitable this year? Now it's next year?

Orders seem to have dried up lately and the valuation here for the risk looks pricey imo.

[babbler] 06/9/2018 08:04

They have plenty of cash it seems via todays rns.

[jammytass] 06/9/2018 07:09

Interesting RNS

[owenski] 03/9/2018 08:53

M.cap just over 30m. over two months since last contract announcement.

This is gonna raise cash again. Looking overvalued to me at present.

They need to pull in some big aggregate deals.

[owenski] 03/7/2018 09:12

My issue with CNS is cash burn and the fact that it's a penny share but with an M.cap of 33m. So it's had a lot of dilution.

The current share price increase is purely down to Miton upping it's stake to >15%

It has yet to become cash positive and I suspect it will raise funds yet again.

That being said, it's clear the business is growing and selling, will it achieve critical mass though?

Of interest, on a calendar year, not FY, basis, their deals and deal size have been growing.

So, for calendar year 2017 - reported RNS'ed deals totalled 3.4m with deal size often in the range of 2 - 300k.

For this year - 2018 - and we are just over six months in, reported deals are already 3.7m and the smallest deal size is now 400k ( although one reported clutch of deals did have smaller sizes, the aggregate was still 1.2m)

So, one can extrapolate and see where this is going.

Just wondering if the current M.cap is a bit pricey for the risk that CNS still has to prove it can reach cash flow positive.

[tomps2] 03/7/2018 07:26

Corero Network Security (CNS) investor presentation at Mello South June 2018
Andrew Lloyd, President and EVP of Sales & Marketing



Some case studies on DDoS – 00:33
What CNS does – 02:49
Overview – 05:30
2017 summary – 08:29
Strategy and progress – 9:32
Contract wins – 10:40
Investment – 14:30
Go-to-Market model – 15:51
SmartWall Threat Defence System Portfolio -18:19
DDoS attacks – 20:50
Competitors and market share – 24:29
Outlook – 26:02
Q&A – 26:43

[jammytass] 03/7/2018 05:46

more contracts arrived !!!!!!!!

[jammytass] 04/6/2018 07:12

Contact win
More to come!!!!

[davidosh] 29/5/2018 16:48

Just to mention that Corero Network Security will have a stand and be presenting at our MelloSouth event in Hever,Kent on 14th June and all shareholders and potential investors are welcome to attend

CNS have presented at our Mello Central event before and we are very pleased to welcome them so this is an ideal opportunity to meet the management and hear about their strategy

Do come and join us at this quality event and there will be at least 25 other companies to meet plus some fabulous keynote speakers and a large number of fund managers presenting and on panel sessions.