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Corero Network Security PLC set to report

Shares in Corero Network Security PLC (LON:CNS) have increased around 77% since 2016 began showing the attention the market is giving this tech stock.
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The firm is a specialist in cyber threat blocking and releases its final results on Thursday..

Shares in Corero Network Security PLC (LON:CNS) have increased around 77% since 2016 began showing the attention the market is giving this tech stock.

The firm is a specialist in cyber threat blocking and releases its final results on Thursday.

It has been one of the best-performing shares of the first quarter in London, reflecting a growing realisation of the threat posed by cyber-crime and the commercial opportunities it presents to companies.

A string of recent contracts has underlined the firm's market leadership in the field of preventing distributed denial of service (DDoS) attacks, where one or more malevolent agencies bombard a company's website or network.

Traders will undoubtedly be keen to hear if there are any more deals in the pipeline.

The latest worth $200,00 was from a European hosting provider and followed a successful proof of concept trial during which Corero was able to demonstrate the effectiveness of automatic, in-line, real-time distributed denial of service (DDoS) protection.

House broker finnCap had said: “Corero continues to demonstrate the success of its SmartWall Threat Defense System with a further contract announcement, this time with a top regional European hosting provider. The $200k order follows a successful Proof of Concept trial, and comprises multiple SmartWall TDS products as well as three years ongoing SecureWatch services to monitor protection of the client infrastructure as well as offering DDoS protection for its customer base."

There is a danger that the positive news flow has raised expectations too high for its 2015 results, given the numbers will be all “rear view mirror”.

Gold miner Acacia (LON:ACA) post first quarter results and Numis rates shares a 'buy'.

Analyst Jonathan Guy said: "We expect production of 188koz, with cash costs of US$825/oz, with Buly producing 71koz, North Mara 72koz and 46koz at Buzwagi.

He also said the broker expects guidance of 750koz 780koz to be maintained for 2016.

"We expect underlying EPS of 4cps in line with consensus with a received gold price of US$1,180/oz."

Announcements expected -

Finals: Corero Network Security PLC (LON:CNS)

Interims: Acacia Mining PLC (LON:ACA), Sky PLC (LON:SKY)

Trading statements: Anglo American PLC (LON:AAL), Computacenter PLC (LON:CCC), Go-Ahead Group (The) PLC (LON:GOG), Meggitt plc (LON:MGGT), SABMiller PLC (LON:SAB), Segro (LON:SGRO).

Economic: UK – Retail Sales. US – Unemployment claims


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