Corero Network Security Share Discussion Threads

[klondykejohn] 13/4/2021 20:48

Darktrace going to the market in a £3b flotation. £147m turnover giving £6.5m adjusted profit. If Corero grows in 2021 by the same amount as this year of £7.2m, then we will break even or better. Darktrace value of £3b is 20 times current annualized sales. Corero market cap is about £71m on sales of £17m, a ratio of 4.2. Yes, we are still making a slight loss, but in 2 years, we should be in profit. I know these are not exactly like for like scenarios or products, but I think that either Blacktrace will be overvalued, or Corero is currently seriously undervalued.

[scottishfield] 13/4/2021 17:33

Be time for a topup soon. profit-taking today I suppose.

[slim9] 12/4/2021 18:09

Results 2morrow..................Sniff of Good News.

[red army] 12/4/2021 14:24

20p next target

[29palms] 06/4/2021 12:36

Small reminder of TU from 19 Jan 21.

Revenue for the year ended 31 December 2020 is expected to have increased by c.73% to c.$16.8 million (2019: $9.7 million). H2 2020 revenue was also a record high, at approximately $10.6 million (H2 2019: $5.5 million), up c.93%.

Annualised Recurring Revenues(2) ("ARR") increased in the year with ARR of $9.8 million as at 1 January 2021, driven by growth in DDoS Protection-as-a-Service ("DDPaaS") and software subscription orders (ARR at 1 January 2020: $7.2 million).

Corero added 42 new customers in 2020 (2019: 18 new customers), of which, 17 were acquired through Corero's strategic partnership with Juniper Networks (2019: 6 new Juniper customers).

Gross cash at bank as at 31 December 2020 was $10.1 million (H1 2020: $6.2m; 2019: $8.3 million) and borrowings were $2.5 million, including $0.6 million of a US Paycheck Protection Program ("PPP") loan (H1 2020: $2.9 million including PPP loan; 2019: $2.9 million of borrowings). Net cash as at 31 December 2020 was c.$7.6 million (H1 2020: $3.3 million; 2019: $5.4 million).

[dplewis1] 07/3/2021 13:57

Nice opportunity for CNS to drum up some extra business from this Microsoft hack by the Chinese..

[slim9] 25/2/2021 21:44

News Wire US 25/02/2021

"Catalyst"

Building on the strong successful foundations Corero established in 2020 with partners/distributors such as Kite, Telent, Axians Germany, enfoPoint, ECI Networks and Walker and Associates, Inc., Corero is pleased to announce new strategic partnerships with Datacipher and CDM in APAC, and CLAdirect in LATAM.

With the increased rise in DDoS attacks in 2020 and 2021, these partners/distributors recognized that many of their customers within the Service and Hosting Provider space, along with Gaming, Financial Services and SaaS based customers were in need of updating their network security posture with a leading-edge DDoS solution that will enable them to detect and mitigate a DDoS attack within seconds, not minutes as some of their current solutions provided.

Lionel Chmilewsky, Corero's CEO, said:

"I am extremely pleased to see the continued traction within our existing partner community in 2020 and I only see that growing as we continue to add partners in new regions and markets in 2021. We are fully committed to increase support, sales and marketing initiatives to amplify global expansion via the channel."

[29palms] 17/2/2021 22:00

Corero Network Security's next generation DDoS platform technology along with US GTT has been selected by Performive, a leading managed multi-cloud provider serving the midmarket,to protect against DDoS (distributed denial of service) attacks.

[qs99] 02/2/2021 08:21

Off again this morning...

[duxy786] 01/2/2021 13:12

A little way to go to 18p but think this should be north if 22p before its worth selling.

[qs99] 01/2/2021 13:11

well off to the races at the moment!

[arab3] 01/2/2021 13:02

Been tipped before in frontier tech investor

[qs99] 01/2/2021 12:34

agreed.....not sure of L2, but near full offer being paid now....onwards towards that 20p!! GLA

[25october1969] 01/2/2021 12:06

Jens Montanana owns 38%, not going to be taken over unless he decided to sell out. In view of progress made as per trading update of 19 Jan, the good time are finally arriving and I would have thought he will sit back for a while and enjoy success at last.......unless of course an offer at a high premium arrives...which is not out of the question

[qs99] 01/2/2021 11:32

Maybe with the recurring revs it will be a takeover target?

[battlebus2] 01/2/2021 11:10

Initially I’ve an 18p 🎯 target. Should get there easily.

[dplewis1] 01/2/2021 11:07

SCSW was out at the weekend but it wasn't in there

[qs99] 01/2/2021 11:05

tipped anywhere? Or just a leeetle extra demand?

[dplewis1] 01/2/2021 10:36

Yes very encouraging.. low volume though

[battlebus2] 01/2/2021 10:29

Good to see us continue higher.

[qs99] 21/1/2021 10:20

Looks like it is in the "sweet spot" and motoring nicely. Need that SaaS recurring revenue number to increase to help a much higher rating, but all heading in the right direction IMO...DYOR

[dplewis1] 20/1/2021 16:09

Red to blue now.. excellent

[dplewis1] 20/1/2021 14:31

House broker but nice write up. Good to see red to flat today holding the gains from yesterday

[battlebus2] 20/1/2021 14:19

CENKOS say BUY CNS

LBITDA is expected to be in line at $1.5m. Net cash ended the period at $7.6m (+41% YoY) and we surmise that orders secured earlier in H2E followed through into cash before the year end. Delivering a 60%+ growth rate in FY20E implies Corero is operating in a sweet spot of cyber security. Growing the ARR base means financial performance becomes more predictable. These two factors should support a higher share price. BUY

[gb904150] 19/1/2021 10:38

The Juniper tie up is producing some serious results. Juniper is an $8bn mcap company. NYSE: JNPR. Nice partner to have.

The H2 order intake of $13m is exceptional growth.

Nice scalable technology and very much in demand in a WFH world. Looks positive long term.