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CORERO NETWORK SEC PLC - DDOSF STOCK NEWS

Welcome to our dedicated page for CORERO NETWORK SEC PLC news (Ticker: DDOSF), a resource for investors and traders seeking the latest updates and insights on CORERO NETWORK SEC PLC stock.

Corero Network Security is a leading provider of DDoS (distributed denial of service) protection solutions. With operational centers in Marlborough, Massachusetts, USA, and Edinburgh, UK, Corero specializes in automatic detection and protection against both external and internal DDoS threats in complex edge and subscriber environments. The company's technology ensures internet service availability by offering state-of-the-art DDoS protection solutions, including network visibility, analytics, and reporting tools. Corero is listed on the London Stock Exchange's AIM market (ticker: CNS) and the US OTCQB market (OTCQB: DDOSF).

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Corero Network Security (AIM: CNS) (OTCQB: DDOSF) has announced a significant partnership with stc Bahrain, the leading telecommunications provider in Bahrain. This collaboration aims to enhance DDoS protection services for stc Bahrain's customers, safeguarding against both external and internal DDoS threats. The partnership reinforces stc Bahrain's commitment to delivering top-tier service quality and security.

stc Bahrain has been at the forefront of telecom innovation in Bahrain, consistently introducing the latest technologies. Notable achievements include being the first operator to upgrade to HSPA+ in 2011, providing broadband speeds up to 42 Mbps, and launching 4G/LTE services in 2014. This partnership with Corero further solidifies stc Bahrain's position as a leader in telecom innovation and security in the region.

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Corero Network Security's SmartWall ONE has been named a 2024 Top InfoSec Innovator Awards finalist in the DDoS Protection Solution category by Cyber Defense Magazine. This recognition highlights SmartWall ONE as a fast, ultra-responsive, and fully automated DDoS protection solution available as both physical appliances and virtual machines.

Key features of SmartWall ONE include:

  • Flexible, software-based design
  • Seamless integration into existing network architecture
  • Launch of cutting-edge 400G Network Threat Defense (NTD) appliances

The judging process continues through October 2024, with winners to be announced at Cyber Defense Con 2024 in Orlando (Oct. 31 - Nov. 1, 2024).

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Corero Network Security (AIM: CNS) (OTCQB: DDOSF) has announced its H1 2024 financial results, reporting a 16% year-over-year revenue growth. The company, specializing in distributed denial of service (DDoS) protection, has seen significant increases in Annual Recurring Revenue (ARR) from subscription services and DDoS Protection-as-a-Service (DDPaaS). Corero also experienced substantial growth in bookings during H1, driven by rising demand for its DDoS protection solutions.

Key highlights include renewals and expansions with major clients like A2 Hosting and DigitalOcean, new partnerships with RoyaleHosting and SEMPRE, and expansion into new markets such as the Netherlands and Pakistan. The company also secured notable customer wins in Canada, Hong Kong, Israel, UK, and US.

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Corero Network Security (AIM: CNS) (OTCQB: DDOSF), a DDoS protection specialist, has been named to the 2024 MES Midmarket 100 list by MES Computing, a brand of The Channel Company. This recognition highlights Corero's success in serving the midmarket sector, which forms a substantial portion of its client base and revenue. The company's flagship product, SmartWall ONE, offers automatic DDoS mitigation, protecting against 98% of attacks in real-time.

SmartWall ONE provides support for 400G-connected DDoS detection and can quadruple performance density while halving power consumption. The solution is adaptable, scalable, and easily integrates with existing infrastructure. MES Computing's list recognizes vendors that support midmarket organizations (annual revenue $50 million-$2 billion and/or 100-2500 users) in driving growth and innovation.

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Corero Network Security, a leader in DDoS protection, has announced major updates to its SmartWall Service Portal. Key new features include executive reports and tenant prospecting. These improvements aim to help service providers leverage DDoS protection for revenue generation.

Executive reports offer real-time insights into DDoS investment effectiveness, boosting transparency and stakeholder trust. Tenant prospecting helps providers identify and convert unsubscribed customers, enhancing customer retention and service expansion.

CEO Carl Herberger emphasized that the updates transform security from a necessity into a competitive advantage, fostering goodwill and business growth.

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On June 13, 2024, Corero Network Security (AIM: CNS, OTCQB: DDOSF) announced the renewal and expansion of their agreement with A2 Hosting, a leader in high-performance hosting solutions. This multiyear agreement underscores A2 Hosting's commitment to providing robust DDoS protection using Corero's advanced technology. A2 Hosting has been a customer since 2019, leveraging Corero's SecureWatch managed services and hybrid cloud solutions. The extension reflects the trust and satisfaction A2 Hosting has in Corero's DDoS protection capabilities. Carl Herberger, CEO of Corero, expressed excitement about the extended partnership, highlighting its alignment with A2 Hosting's business objectives. A2 Hosting offers various web hosting solutions, emphasizing speed, security, and reliability, and caters to a diverse range of websites with features like free website migrations, 24/7 support, and AI-powered optimizations.

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Corero Network Security, trading under the ticker DDOSF, has won the 2024 Visionary Spotlight Award for Cybersecurity with its Corero SmartWall ONE DDoS protection solution. The award, organized by ChannelVision, recognizes innovation in communications. Corero SmartWall ONE, which mitigates 98% of attacks in real-time, is noted for its flexibility, scalability, and ease of integration with existing infrastructure. The solution supports 400G-connected DDoS detection and mitigation, offering both virtual and hardware appliances that enhance performance density and reduce power consumption. This award highlights Corero's commitment to delivering advanced cybersecurity solutions.

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Corero Network Security (AIM: CNS, OTCQB: DDOSF) has renewed a major contract with DigitalOcean, a leading cloud computing provider. This $1M+ agreement extends their partnership for three more years, emphasizing Corero's role in protecting DigitalOcean's network with advanced DDoS protection solutions. DigitalOcean's global network spans over 17 data centers, serving developers, startups, and SMBs. Corero's SecureWatch Managed Services, including configuration optimization, proactive monitoring, and swift mitigation, will be delivered by their Security Operations Center. This renewal follows an eight-month trial period where Corero's SmartWall ONE replaced a competitive solution, resulting in significant performance improvements. A dedicated Technical Account Manager will oversee the continuous enhancement of DigitalOcean's deployment.

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Corero Network Security (AIM: CNS) (OTCQB: DDOSF) has partnered with Netherlands-based RoyaleHosting to integrate Corero's DDoS mitigation technology into RoyaleHosting's network infrastructure. This partnership enhances RoyaleHosting's Shield Panel, providing comprehensive DDoS protection-as-a-service to its 700+ active customers. With a 4.8-star customer rating, RoyaleHosting offers 24/7 live chat support, and the integration ensures seamless deployment at primary hubs in Amsterdam, Los Angeles, Singapore, London, and Frankfurt. This collaboration underscores both companies' commitment to delivering top-tier network protection and customer service.

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Corero Network Security and SEMPRE have partnered to develop military-grade communications nodes for securing critical infrastructure. Corero's DDoS protection technology and SEMPRE's secure 5G network aim to provide resilient and secure communications services for the future.

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FAQ

What is the current stock price of CORERO NETWORK SEC PLC (DDOSF)?

The current stock price of CORERO NETWORK SEC PLC (DDOSF) is $0.349 as of October 15, 2024.

What is the market cap of CORERO NETWORK SEC PLC (DDOSF)?

The market cap of CORERO NETWORK SEC PLC (DDOSF) is approximately 158.9M.

What does Corero Network Security specialize in?

Corero specializes in providing DDoS protection solutions with automatic detection and mitigation.

Where are Corero's operational centers located?

Corero has operational centers in Marlborough, Massachusetts, USA, and Edinburgh, UK.

On which stock exchanges is Corero listed?

Corero is listed on the London Stock Exchange's AIM market under the ticker CNS and the US OTCQB market under the symbol DDOSF.

What services does Corero offer to combat DDoS attacks?

Corero offers network visibility, analytics, reporting tools, and automatic transition to cloud-based mitigation during significant DDoS attacks.

How does Corero ensure internet service availability?

By protecting against external and internal DDoS threats in complex edge and subscriber environments.

What recent partnerships has Corero announced?

Corero recently partnered with TierPoint and Akamai to enhance its DDoS protection offerings and provide hybrid DDoS protection solutions.

Who is the US-based Chief Executive Officer of Corero?

Carl Herberger is the US-based Chief Executive Officer of Corero.

What significant contract renewal did Corero recently announce?

Corero renewed a significant contract with DigitalOcean, a leading cloud computing provider, for over $1 million, extending the partnership for an additional three years.

What are the key components of Corero's SecureWatch Managed Services?

Corero's SecureWatch Managed Services include configuration optimization, proactive monitoring, and swift mitigation response to any DDoS incident, delivered by the Security Operations Center (SOC).

How does Corero differentiate its DDoS protection solutions from competitors?

Corero provides rapid and accurate DDoS attack detection at the network edge, replacing competitive solutions with the SmartWall ONE technology.

CORERO NETWORK SEC PLC

OTC:DDOSF

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DDOSF Stock Data

158.91M
116.21M
77.54%
17.65%
Software - Infrastructure
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