Corero Network Security Reports Strong Financial Growth and Strategic Expansion in 2024

The latest announcement is out from Corero Network Security ( (GB:CNS) ).

Corero Network Security reported a strong financial performance for the year ended December 31, 2024, with a 10% increase in revenue to $24.6 million and a 42% rise in EBITDA to $2.5 million. The company achieved significant growth in annual recurring revenues and order intake, driven by new contract wins and a robust customer retention rate of 97%. Corero’s strategic initiatives, including expanding its global footprint and enhancing its sales and marketing efforts, have positioned it well for future growth. The company remains focused on increasing its market share in the DDoS defense sector and capitalizing on new business opportunities across key geographies.

More about Corero Network Security

Corero Network Security is a leading provider in the cybersecurity industry, specializing in distributed denial of service (DDoS) protection solutions. The company offers real-time, automated detection and mitigation services with deep network visibility and analytics, safeguarding critical infrastructure across various deployment models. Corero is headquartered in London, with operational centers in the USA and UK, and is listed on the London Stock Exchange’s AIM market and the US OTCQX Market.

YTD Price Performance: -13.96%

Average Trading Volume: 197,306

Technical Sentiment Signal: Sell

Current Market Cap: £86.81M

Learn more about CNS stock on TipRanks’ Stock Analysis page.