Corero Network Security - Capital Network: Delivering Results in Real-Time
Published: 19:40 11 Jul 2017 AEST
Corero Network Security (CNS.LON) provides protection against Distributed Denial-of-Service (DDoS) attacks, through its SmartWall Threat Defence System. The largest customer groups are Internet Service Providers (ISPs) and hosting service providers. The SmartWall system is differentiated from its peers by its ability to apply a DDoS mitigation solution in real-time, reducing costly network downtime. The DDoS threat remains a growing issue, and this report we present a snapshot of the market growth for DDoS protection.
Executive summary
As we’ve noted, Corero switched its focus from Intrusion Prevention to DDoS protection. In 2016 the group reported revenue growth of 6%, but this masks the fact that SmartWall grew by 62%, whilst the legacy (IPS) revenues continue to wind down. We believe that in 2017 and 2018 the growth dynamic of Corero will become much more visible as SmartWall becomes the overwhelming portion of the revenue mix. The chart below shows our revenue forecast.
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