Corero Network Security Reports Strong Revenue Growth, Profit Turnaround
Shares of Corero Network Security surged up to 28% after the cybersecurity firm reported a significant rise in first-half revenue and turned profitable. For the six months ending June 30, 2026, revenue increased by 42% year-over-year to $15.5 million, driven by new customer acquisitions and contract expansions. The company also improved its EBITDA from a loss of $1.4 million to a profit of $2.6 million during the same period. Pre-tax profits reached $1.4 million compared to a prior year loss of $2.4 million. Annualised recurring revenue rose 12% to $24.1 million, and order intake increased by 14%. Corero has secured notable contracts with Tier-1 telecom providers in the US and UK. CEO Carl Herberger highlighted growing demand for DDoS protection due to increasingly sophisticated cyberattacks. The company now expects full-year revenue and EBITDA to exceed market forecasts of $29.2 million and $3.3 million, respectively.
Topics: Cybersecurity Profitability Revenue Growth Stock Movement