Corero Network Security slumps as Eurozone crisis bites
Corero Network Security, which provides computer security solutions, has reported a first half loss as headwinds from the Eurozone and increased marketing spend have taken their toll.
Corero Network Security, which provides computer security solutions, has reported a first half loss as headwinds from the Eurozone and increased marketing spend have taken their toll.
Revenues in the six months to the end of June were $10.8m, against $7.4m in the same period of last year. So far, so good. But the group reported a profit last year of $0.1m for the first half, whereas this year it's revealed a loss before tax of $1.7m, resulting in a loss per share of 4.9 cents.
The second quarter was particularly weak because of the "uncertainty" in Europe, while the group also continued to invest in its sales and marketing capacity.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The Chief Operating Officer, Andrew Miller, said: "Feedback from channel partners and customers, and industry analyst research, coupled with the significant threat from the increasing volume of 'denial of service' cyber attacks, gives us confidence that (our) positioning will provide strong revenue growth prospects."
At 9:35 the stock had fallen 15%.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Will “Liberation Day” strike again?
Donald Trump’s 90-day tariff pause comes to an end on 9 July. Can we expect further market turmoil?
-
Israel claims victory in the '12-day war' with Iran
Donald Trump may have announced a ceasefire in the 12-day war between Israel and Iran, but what comes next depends on what happens internally in Iran