Corero Network Security plc Overview
Pro stress-test →Corero Network Security plc provides distributed denial of service (DDoS) protection solutions worldwide, offering SmartWall One for inline and data path protection, edge mitigation, and scrubbing; DDoS Intelligence Service, an AI-assisted service delivering pre-emptive predictive attack mitigation; and Corero Observability and Resiliency Ecosystem (CORE), a SaaS cloud-based availability protection platform. The company serves hosting and cloud, edge, and SaaS providers, as well as internet service providers.
Strategic Profile
Pro stress-test →For FY23, Corero delivered double digit annualised recurring revenue growth with debt-free balance sheet and clean ungeared status, with normalised EBITDA margins of 10%+ going forward. The company trades on a forward rating of only 1.8x EV/Sales with both defensive and growth qualities supporting potential higher valuation.
Competitive Landscape
Pro stress-test →Corero competes in the DDoS protection market against larger cybersecurity platforms and specialized DDoS providers. The company differentiates through flexible on-premises and hybrid deployment options, managed services support, and AI-powered predictive intelligence. Recent analyst recognition as a Leader in the 2025 SPARK Matrix underscores competitive positioning.
Industry Context
Corero Network Security plc operates in Cybersecurity / Network Security - DDoS Protection Solutions.
Key facts
Founded: 1991 · Headquarters: London, UK · Employees: 87-131 · Revenue: $35M · Market cap: $66.6M