viewCorero Network Security PLC

Corero Network receives US$2mln investment from Juniper

The investment follows deal last month for US firm to resell Corero's DDOS protection software

Ethernet wires
Juniper is big in internet network equipment

Corero Network Security PLC (LON:CNS) is to receive a US$2mln investment from US internet hardware giant US Juniper Networks.

The investment follows on from an agreement signed between the two companies last month for Juniper to resell and support Corero's SmartWall cybersecurity software products and services.  

READ: Corero Network Security earnings loss halves in half-year as SmartWall revenue surges

Corero said the cash would give it more headroom to meet its objective of becoming cash generating and EBITDA profitable during 2019. Juniper provides the routing infrastructure for some of the world's largest IP networks and cloud data centres.

The California-based company will pay a subscription price of 8.9p each for its shares, which will amount to a 4.23% stake in Corero. 

Ashley Stephenson, Corero’s chief executive, said the investment underlined its belief SmartWall products are a critical component in securing IT networks from DDoS attacks.

Quick facts: Corero Network Security PLC

Price: 7.75 GBX

Market: AIM
Market Cap: £38.35 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Corero Network Security PLC named herein, including the promotion by the Company of Corero Network Security PLC in any Content on the Site, the...


Market Report: FTSE 100 jumps as Asian markets near five-month highs

Headlines from the Proactive UK newsroom. The FTSE 100 jumped higher as Asian markets perked up despite the rising number of US COVID-19 cases. The London index jumped 68 to 6,163. QUIZ PLC (LON:QUIZ) has suspended a supplier in the Leicester area after weekend reports it was paying its...

on 13/7/20

2 min read