Corero Network Security Secures $6M in New Orders To Close Q3 2024
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.
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Rhea-AI Summary
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.
Positive
- $6 million in new orders secured in Q3 2024
- Total orders for 2024 reached $20.2 million
- Expansion into new strategic geographies (Middle East and Latin America)
- Six additional customer wins in Q3, totaling 16 new customers in 2024
- Significant contract renewals and upgrades from existing customers
Negative
- None.
Details
News Market Reaction – DDOSF
The recorded move for DDOSF in the trading session of this news was +15.38%.
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Total Orders for 2024 Reach
Corero's innovative SmartWall ONE™ DDoS protection solutions have driven the company's expansion into new strategic geographies such as the
Alongside new customer wins, Corero expanded relationships with existing customers through significant contract renewals and upgrades, demonstrating continued trust in its SmartWall ONE solution to meet evolving security needs and support business growth.
Carl Herberger, Chief Executive Officer at Corero Network Security, commented: "I am thrilled to welcome our new customers and delighted that we continue to grow with our existing customers. Renewals and upgrades demonstrate that we are successfully delivering on our customer promises and collectively these deals underline the market-leading capabilities of our cutting-edge SmartWall ONE solution. Our continued new customer win momentum since H1 2024 demonstrates the ongoing success of our accelerated go-to-market strategy and highlights Corero's increasing ability to compete across the global market."
About Corero Network Security
Corero Network Security is a leading provider of DDoS protection solutions, specializing in automatic detection and protection solutions with network visibility, analytics, and reporting tools. Corero's technology protects against external and internal DDoS threats in complex edge and subscriber environments, ensuring internet service availability. With operational centers in
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SOURCE Corero Network Security
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