Corero Network Security PLC shares rose on Wednesday, after it said it has won a number of new orders worth $2.2 million.
Shares in Corero were up 6.6% at 19.98 pence in London on Wednesday.
The cybersecurity provider said it has won new orders for its SmartWall distributed denial-of-service protection offering. A distributed denial-of-service is a cyberattack designing to overwhelm a server by disrupting traffic. The orders total $2.2 million.
It includes a $1 million contract with an unnamed company, which Corero described as a ‘top-10 US fiber provider’. Corero will replace the incumbent solutions provider in a number of the provider’s US data centres.
Chief Executive Officer Carl Herberger said: ‘Securing these significant new mandates completes a successful half-year period for the company and provides a strong base from which we can further grow our global market presence and enhance our service offering in the remainder of the year and beyond.’
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