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Corero Network Security bags significant new wins and contract renewals

Andrew Lloyd, president of Corero Network Security PLC (LON:CNS), tells Proactive they've secured several new orders for their cybersecurity technologies to the tune of US$1.2mln.

Lloyd says the orders include two for their SmartWall Threat Defense technology with a cloud-based web development customer and a digital enterprise customer, worth US$0.3mln and US$0.2mln respectively.

Corero's also received a US$0.2mln follow-on order from an existing government customer in the UK for the expansion of its Distributed Denial of Service (DDoS) mitigation capacity.

Plus they've announced a US$0.5mln renewal of its SecureWatch services for a top 10 US cloud hosting provider, delayed from 2017.

Quick facts: Corero Network Security PLC

Price: 8.55 GBX

Market: AIM
Market Cap: £42.31 m

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