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Corero Network Security shares jump 28% as revenue rises 42% and company swings to profit

Company Fundamentals
09 Sep 2026
Proactive Investors
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Bullish
Corero Network Security shares jump 28% as revenue rises 42% and company swings to profit

Corero Network Security reported a 42% increase in first-half revenue to $15.5 million, reversing previous losses with a pre-tax profit of $1.4 million. The company saw strong customer growth and contract expansions, boosting annual recurring revenue by 12% and order intake by 14%. High customer retention at 96% and new multi-year contracts with major US and UK telecom firms signal continued momentum. Management now expects full-year revenue and EBITDA to surpass market forecasts, driven by rising demand for DDoS protection amid more sophisticated cyberattacks.

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