Corero Network Security PLC’s (LON CNS) share price rocketed as the group was highlighted in a report on the growth potential in cybersecurity by a US market research website.
The report focused on DDOS attack (distributed denial of service) protection and included Corero among a group of eleven companies profiled.
Earlier this month, Corero reported five new customer wins for its SmartWall DDoS protection products over the last two months with a total value of more than US$1.5mln.
Corero said the new customers included a major US telecoms and internet service provider, a European based communication and cloud solutions provider, a major provider of hosting services across Canada, a wholesale telecoms operator which operates across Latin America and a UK-based provider of internet, mobile and telephony services to UK island and overseas territory jurisdictions.
In its statement, Corero said the deployment of its solutions will enable all of the new clients to provide DDoS protected services to their end customers.
Shares shot up 54% to 8.25p.