Corero Network Security (LSE:CNS) reported revenue of $15.5 million for the first half of 2026, an increase of 42% from the prior-year period, as the company recorded new customer wins and contract expansions.
EBITDA was $2.6 million, compared with a loss of $1.4 million a year earlier. Annualised recurring revenue increased 12% to $24.1 million, while order intake rose 14% to $14.3 million.
Customer retention was 96% during the period.
Corero, which provides distributed denial-of-service protection technology, reported contract extensions and new multi-year agreements with Tier-1 telecommunications providers in the U.S. and U.K., as well as a NeoCloud operator.
The company has also expanded its product portfolio to include web application security offerings as part of its broader cyber-security services.
Management said trading during the second half of the year had started positively and cited its sales pipeline and channel partnerships. Corero now expects full-year 2026 revenue and EBITDA to exceed current market consensus.
The company said demand for its services is being supported by developments in DDoS attacks and regulatory requirements relating to cyber resilience.
More about Corero Network Security
Corero Network Security plc provides distributed denial-of-service protection technology designed for automated detection and mitigation of attacks.
Its products include the SmartWallONE platform and CORE resiliency ecosystem, which are deployed across inline, edge and hybrid cloud environments. Customers include data centres, telecommunications operators, NeoCloud providers and AI data centres.
Corero is headquartered in Marlborough, Massachusetts, and Edinburgh and is listed on London’s AIM market and the U.S. OTCQX market.
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