Welcome to our dedicated page for Corero Network news (Ticker: DDOSF), a resource for investors and traders seeking the latest updates and insights on Corero Network stock.
Overview
Corero Network Security is a specialist in DDoS protection and cybersecurity solutions, renowned for its innovative approach to automatic threat detection and rapid mitigation. Serving a wide range of industries, the company focuses on ensuring uninterrupted internet service availability and safeguarding critical infrastructure using advanced network visibility, analytics, and reporting tools. The company offers a comprehensive array of solutions that integrate both on-premises and hybrid cloud technologies, addressing the complex environments of modern digital operations.
Core Business and Technology
At the heart of Corero's operations is its SmartWall ONE solution, which combines automatic DDoS detection with real‐time, adaptive mitigation. This system is designed to protect against both external and internal DDoS attacks by dynamically analyzing network traffic, providing deep operational insights, and ensuring resilience even in highly dynamic edge and subscriber environments. The technology not only focuses on rapid threat neutralization at the network perimeter but also incorporates scalable backup solutions powered by leading cloud service providers to offer hybrid protection capabilities.
Market Position and Business Model
Corero Network Security operates within the critical cybersecurity sector, addressing the growing global need for robust DDoS defense mechanisms. Its business model leverages subscription services, managed security offerings, and enterprise license agreements, ensuring a recurring revenue stream that supports continuous innovation and operational excellence. By integrating recurring service contracts with strategic partnerships, the company reinforces its position as a trusted provider in a competitive market where service availability and cyber defense are paramount.
Industry Partnerships and Global Reach
The company has established a diverse network of strategic partnerships that extend its market reach and enhance its overall product offering. Collaborations with renowned cloud service providers, telecommunications entities, and regional cybersecurity firms underline its commitment to delivering adaptable, high-performance solutions. These alliances not only broaden Corero's geographic presence but also affirm its technological edge in complex, high-stakes digital environments.
Operational Excellence and Customer Focus
Corero’s approach to cybersecurity is built on operational resilience and precise threat mitigation. It emphasizes the importance of maintaining uninterrupted network service and reducing vulnerabilities across all touchpoints, making it a preferred choice for businesses that require constant protection without manual intervention. Coupled with proactive monitoring and rapid response capabilities, the company's solutions are engineered to provide peace of mind and ensure that customers can focus on their core business activities.
Expertise and Industry Insights
Demonstrating a deep understanding of evolving cybersecurity challenges, Corero employs cutting-edge methodologies and industry best practices. Its expertise is evident in its ability to anticipate potential attack vectors and adapt its defenses accordingly, ensuring a balance between robust security measures and network efficiency. This proactive stance is reinforced by continuous innovation in its product suite, solidifying its reputation among industry professionals who demand thoroughly tested, reliable security solutions.
Corero Network Security (OTCQX: DDOSF) has entered a multi-year, multi-million-dollar partnership with Forte Telecom, making the Brazilian telecommunications provider the first worldwide to deploy Corero's NTD3400—a 400G DDoS protection appliance.
Forte Telecom, operating across multiple Brazilian states including Rio de Janeiro, Espírito Santo, Minas Gerais, São Paulo, and Ceará, will utilize the advanced DDoS protection system to ensure uninterrupted services and enhanced network security for its customers. The company's extensive fiber-optic network serves thousands of users.
The partnership represents a strategic move for both companies, with Forte transitioning from using Corero's technology through a regional MSSP partner to a dedicated deployment. The implementation aims to strengthen Forte's network protection capabilities and reinforce its market position in secure telecommunications services.
Corero Network Security (DDOSF) has secured over $4 million in new contracts during H2 2024 for its DDoS Protection-as-a-Service (DDPaaS) and Enterprise License Agreement (ELA) solutions. The company has onboarded several new customers across different regions, including:
- A telecommunications provider in Germany
- A hosting provider in Portugal
- Two ISP operators in Brazil
- Two U.S.-based hosting providers
These organizations chose Corero's solutions to address challenges with their existing DDoS protection systems, which were struggling to handle growth demands and sophisticated attacks. The implementation enables these businesses to both protect their networks and create new revenue streams by offering DDoS protection services to their customers.
Corero Network Security (DDOSF) reported strong financial results for FY 2024, highlighting its successful transition to a SaaS-based revenue model. The company achieved a 16% growth in Annualized Recurring Revenue (ARR) reaching $19.5 million, while order intake increased 13% to $28.2 million.
Key financial metrics include a 10% revenue increase to $24.6 million and projected EBITDA growth to $2.1-$2.5 million. The company demonstrated strong operational performance with a 70% increase in new customer acquisition and a 97% customer retention rate. Corero ended 2024 with $5.3 million in cash, no debt, and $4.8 million in new customer orders from Q4 expected to be collected in early Q1 2025.
The company also launched its new CORE platform in Q4, strengthening its position in DDoS protection services.
Corero Network Security (LSE:CNS)(OTCQX:DDOSF), a specialist in DDOS protection, has announced its participation in The Microcap Conference 2025. The event will be held from January 28-30, 2025, at the Borgata Hotel Spa & Casino in Atlantic City, NJ. During the conference, Corero's management team will deliver a corporate presentation and conduct one-on-one meetings with institutional and individual investors to discuss the company's recent developments, growth strategy, and investment opportunities.
Corero Network Security (OTCQX: DDOSF) has appointed Judson Thuerk as Channel Manager for the Americas to lead their channel strategy. Thuerk brings over 40 years of technology sales experience from companies including Xerox, Digital Equipment Corp., Symantec, EMC, Dell, and VMware. He most recently worked at Lydonia Technologies in client management. The appointment comes at what the company describes as a pivotal growth period, with Thuerk expressing commitment to driving mutual growth through trusted partnerships in the cybersecurity landscape.
Corero Network Security (AIM: CNS) (OTCQX: DDOSF) announced significant customer wins and expanded engagements in Q4 2024, strengthening its position in DDoS protection. The company secured new partnerships in Texas, USA, and Iceland, while deepening relationships across government, cloud services, telecommunications, and aerospace sectors. Notable developments include a major equipment upgrade commitment from a long-term European government client and selection by a prominent aerospace organization for DDoS protection services.
Corero Network Security (LSE: CNS; OTCQX: DDOSF), a DDoS protection specialist, has upgraded from the OTCQB Venture Market to begin trading on the OTCQX Best Market. This transition represents a significant milestone in the company's expansion strategy and aims to increase visibility among U.S. investors. The OTCQX Market, designed for established companies, requires high financial standards, strong corporate governance, and securities law compliance. Investors can now access Corero's financial information and Real-Time Level 2 quotes on otcmarkets.com under the symbol 'DDOSF'.
Corero Network Security's SmartWall ONE has been named a Hot Company DDoS Protection Solution by Cyber Defense Magazine in its 2024 InfoSec Awards. SmartWall ONE is an always-on, adaptive DDoS protection platform that operates 20 times faster and with 50 times lower latency than competitors.
The solution features 400G Network Threat Defense appliances and can be deployed on-premises as physical or virtual software. Corero has partnered with GTT and Akamai for hybrid cloud DDoS protection and recently launched the NTD 3400, a 400G enhancement to SmartWall ONE.
Corero Network Security (OTCQB: DDOSF) has launched CORE, a new cloud-based availability protection platform. This SaaS solution enhances existing security infrastructure by providing real-time traffic analytics, threat intelligence, application layer protection, and anti-bot DDoS defense. CORE utilizes AI/ML-assisted insights from comprehensive data lakes, gathering feeds from multiple network sources to transform security events into actionable intelligence. The platform is vendor-agnostic, integrates with third-party tools, and marks Corero's first expansion beyond DDoS protection, offering a subscription-based model without requiring additional hardware.
Corero Network Security (DDOSF) has launched its new Network Threat Detector (NTD) 3400, a 400G hardware appliance for DDoS protection. The device offers four times the connectivity of previous models while consuming less than twice the power. The company also introduced a Trade-In Program offering significant discounts to customers upgrading from legacy Corero appliances or competitor solutions. The NTD 3400 features reduced hardware complexity, flexible deployment options, and future-proof scalability, continuing the company's 400G rollout that began with their software-based solution in February.
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