UK's Corero H1 revenue rises 42% on new customer wins

Corero Network Security

06/08/2026 07:19

Overview
UK DDoS protection provider's H1 2026 revenue grew 42% yr/yr, driven by new customer wins
Adjusted EBITDA for H1 2026 improved to $2.7 mln from a loss in prior year
Company secured $1.4 mln contract with Tier-1 US service provider post period end

Outlook
Company expects continued growth in H2 2026

Result Drivers
CUSTOMER WINS AND EXPANSIONS - Co said revenue growth was driven by new customer wins and expanded contracts with existing customers
HIGH RENEWAL RATES - Co reported 96% renewal rates for its multi-year, subscription-based and DDoS Protection-as-a-Service products
CHANNEL PARTNER ECOSYSTEM - Co said further development of channel partner ecosystem expanded international reach and accelerated go-to-market strategy

Company press release: ID:nRSF4069Pa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
$15.50 mln
 
H1 Adjusted EBITDA
 
$2.70 mln
 
H1 Orders
 
$14.30 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Corero Network Security PLC is GBp20.00, about 142.4% above its August 5 closing price of GBp8.25
The stock recently traded at 60 times the next 12-month earnings vs. a P/E of 103 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)