By Steve Moore | Friday 16 August 2019
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Previously writing on Corero Network Security (CNS), in January I noted 2018 disappointment follows 2017 disappointment, and 2019…, finishing I previously concluded, with a long track-record of cash burn and a market cap now of more than £45 million, my stance presently remains avoid / sell. The market cap is still currently slightly higher, but the track-record is unchanged – and so too is my stance. Avoid / sell. The market cap was down towards £25 million at yesterday’s 6.3p share price close – and now “Trading Update”…
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