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Corero Network Security lands two new orders worth a total US$400,000

The two unnamed North American customers for its SmartWall Threat Defense System 100Gbps product are described respectively as a hosting provider and a service provider
cyber attack graphic
The company's real-time products repel cyber attacks

Corero Network Security PLC (LON:CNS) saw its shares jump today on news it has landed two deals worth US$400,000 in total for an Intel extension of software that prevents distributed denial of service attacks (DDoS).

In afternoon trading, Corero shares were 5.9%, or 0.38p higher at 6,75p.

The two unnamed North American customers for its SmartWall Threat Defense System 100Gbps product are described respectively as a hosting provider and a service provider.

READ: Corero's joy at record quarterly intake tempered by implementation delays at some customers

The new product, launched recently, provides real-time DDoS protection at 100 gigabits per second – hence the name.   

"These customer wins mark an important milestone for our SmartWall product,” said Corero president Andrew Lloyd.

READ: Corero surges after bagging significant contract win with North American ISP

“We see growing adoption of 100Gbps connections, which in turn is driving demand for our SmartWall NTD1100 product.”

 -- Adds share price --

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Corero Network Security PLC Timeline

Article
September 06 2018

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