Corero Network Security Q3 new orders total $6m

Cybersecurity firm Corero Network Security said on Monday that it has experience continued new customer momentum in Q3, with total orders in the quarter reaching $6.0m.

Corero said new orders were secured both in existing markets and new, strategic geographies such as the Middle East and Latin America. Six additional new customer wins were delivered in the quarter, resulting in sixteen new customers in total to date in 2024.

As a result, the AIM-listed group stated year-to-date total orders now sit at $20.2m.

Chief executive Carl Herberger said: "I am thrilled to welcome our new customers and delighted that we continue to grow with our existing clients. Renewals and upgrades demonstrate that we are successfully delivering on our customer promises and, collectively, these deals underline the market-leading capabilities of our cutting-edge SmartWall ONE solution.

"Our continued new customer win momentum since H1 2024 demonstrates the ongoing success of our accelerated go-to-market strategy and highlights Corero's increasing ability to compete across the global market."

As of 1135 BST, Corero shares were up 3.85% at 19.99p.

Reporting by Iain Gilbert at Sharecast.com