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 (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.
Corero Network Security has launched its new Network Threat Detector (NTD) 3400, a 400G hardware appliance enhancing the SmartWall ONE™ DDoS protection system. The NTD 3400 delivers four times the connectivity of previous models while consuming less than twice the power. Alongside this launch, Corero introduced a Trade-In Program offering significant discounts for customers upgrading from legacy Corero appliances or competitor solutions.
The new appliance features reduced hardware complexity, flexible deployment options, and future-proof scalability. This release follows the company's February software-based 400G solution launch, demonstrating Corero's commitment to advancing DDoS protection technology.
Corero Network Security (AIM: CNS) (OTCQB: DDOSF) has announced its participation in two upcoming investor conferences. CEO Carl Herberger and CFO Chris Goulden will present at the Mello @ the London Investor Show on November 1, 2024, and attend the virtual Sidoti Micro-Cap Conference on November 13-14, 2024.
The presentations come amid increased insider buying and investor interest, following strong H1 2024 results. The company reports global growth in customer acquisition, renewals, and upgrades, demonstrating confidence in their SmartWall ONE™ DDoS protection solution.
Corero Network Security (AIM: CNS) (OTCQB: DDOSF), a specialist in DDoS protection, has announced $6 million in new orders for Q3 2024, bringing the total orders for 2024 to $20.2 million. The company's SmartWall ONE™ DDoS protection solutions have driven expansion into new strategic geographies such as the Middle East and Latin America, while strengthening existing markets. Corero secured six additional customer wins in Q3, totaling 16 new customers for the year.
The company also expanded relationships with existing customers through contract renewals and upgrades, demonstrating continued trust in its SmartWall ONE solution. CEO Carl Herberger expressed enthusiasm for the new customers and growth with existing ones, highlighting the success of Corero's accelerated go-to-market strategy and its increasing ability to compete globally.
Corero Network Security (AIM: CNS) (OTCQB: DDOSF), a DDoS protection specialist, will hold investor calls to discuss its H1 2024 results. The company reported strong performance with:
- Revenue increased by 16% to $12.2 million
- Annualized recurring revenues (ARR) grew 12% to $17.2 million
- EBITDA profit of $0.7 million
CEO Carl Herberger expressed confidence in the company's reinvigorated go-to-market strategy. Corero secured strategic sales partnerships in Latin America, Europe, and the U.S., and launched new services like the SmartWall ONE™ Service Portal and DDoS Intelligence Service. The company remains on track to meet market expectations for FY 2024, with management confident in continued growth.
Corero Network Security (AIM: CNS) (OTCQB: DDOSF) has announced three new strategic partnerships in Chile with NovaRed, Vista Group International (VGL), and GreyMatter. This expansion marks a significant milestone in Corero's growth in the Latin American market. NovaRed is a leading cybersecurity company with a strong regional presence, VGL is a global leader in film industry software solutions, and GreyMatter specializes in digital transformation and software development.
Additionally, Corero has secured a substantial deal with Netline, a major Chilean telecommunications company, through its partnership with GreyMatter. These partnerships aim to enhance Corero's reach in various industries and strengthen its position in providing DDoS protection and secure connectivity solutions across Latin America.
Corero Network Security (AIM: CNS) (OTCQB: DDOSF) announces two team members shortlisted for The Channel Co.'s Women in Tech Excellence Awards. Sadiat Jimo, Team Leader of the Security Operations Center (SOC), is nominated for Role Model of the Year - Tech. Teressa Carlin, Manager of the Threat Research Team, is up for Transformation Leader of the Year.
The awards, set for November 27, 2024, in London, celebrate women's achievements in technology. Corero's SOC boasts a 35% female workforce and represents 12 nationalities. CEO Carl Herberger expressed pride in the nominations, highlighting their significance for Corero and the cybersecurity community. The event aims to inspire female talent and promote diversity in tech.
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.
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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