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Corero Beats 2025 Guidance as Recurring Revenue Model Gains Traction

Story Highlights
  • Corero expects 2025 revenue at top of guidance and EBITDA ahead, driven by strong H2 trading and robust order intake.
  • Shift to a subscription-based, recurring revenue model boosted ARR by 23%, positioning Corero for improved growth and profitability in 2026.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Corero Beats 2025 Guidance as Recurring Revenue Model Gains Traction

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Corero Network Security ( (GB:CNS) ) just unveiled an update.

Corero Network Security said it expects to report 2025 revenue at the upper end of its guidance range and EBITDA ahead of expectations, after strong trading momentum in the second half of the year offset a weaker start. Annual recurring revenue rose 23% to $23.9m and order intake climbed 20% to $33.8m, driven by demand for its SmartWall ONE and CORE platform products and a growing shift toward subscription and DDoS Protection-as-a-Service models; while full-year revenue increased 4% to about $25.5m, EBITDA is expected to exceed $1.3m and net cash stood at $4.0m with no debt, underpinned by a 98% customer retention rate. Management described 2025 as a transitional year as Corero accelerates its move to a more predictable recurring revenue base, positioning the company for higher-quality growth and improved profitability in 2026 and beyond despite lower EBITDA than the prior year, a dynamic likely to be closely watched by investors focused on cash generation and long-term value creation in the cybersecurity sector.

The most recent analyst rating on (GB:CNS) stock is a Hold with a £10.50 price target. To see the full list of analyst forecasts on Corero Network Security stock, see the GB:CNS Stock Forecast page.

Spark’s Take on GB:CNS Stock

According to Spark, TipRanks’ AI Analyst, GB:CNS is a Neutral.

Corero Network Security’s overall score is driven by its solid financial performance and positive corporate events, indicating growth potential. However, the bearish technical indicators and poor valuation due to negative earnings weigh down the score. The company’s strategic shifts and strong contract wins are promising, but challenges in profitability and cash flow management remain concerns.

To see Spark’s full report on GB:CNS stock, click here.

More about Corero Network Security

Corero Network Security is a London-headquartered cybersecurity company specialising in distributed denial of service (DDoS) protection solutions, offering automatic detection, mitigation, network visibility, analytics and reporting tools to safeguard complex edge and subscriber environments and maintain internet service availability. The company operates centres in Marlborough, Massachusetts, and Edinburgh, and is listed on AIM in London and on the US OTCQX market, targeting global service providers and enterprises requiring real-time DDoS defence.

Average Trading Volume: 213,164

Technical Sentiment Signal: Sell

Current Market Cap: £51.22M

Find detailed analytics on CNS stock on TipRanks’ Stock Analysis page.

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