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.
Corero Network Security plc reports developments tied to real-time DDoS protection, service availability, and network-edge cyber resilience. The company’s updates frequently cover its SmartWall ONE platform, Cyber Resilience platform, CORE solution, DDoS Protection-as-a-Service offerings, and threat intelligence on faster, multi-vector attacks.
Recurring news themes include subscription and recurring-revenue growth, telecommunications and cloud-provider customer wins, managed-service deployments, channel partnerships, regional expansion in Latin America and Asia-Pacific, market recognition, and leadership appointments supporting partner-led sales.
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.
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.