Citigroup Inc. reiterated their neutral rating on shares of SecureWorks Corp. (NASDAQ:SCWX) in a report issued on Thursday. They currently have a $11.00 price target on the technology company’s stock, up from their previous price target of $10.00.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded SecureWorks Corp. from a hold rating to a sell rating in a research note on Friday, September 1st. UBS AG reissued a neutral rating and issued a $11.00 price objective (down from $12.00) on shares of SecureWorks Corp. in a research note on Friday, June 9th. Finally, Barclays PLC reissued a hold rating and issued a $11.00 price objective on shares of SecureWorks Corp. in a research note on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $13.50.
Shares of SecureWorks Corp. (SCWX) opened at 11.10 on Thursday. The stock’s market cap is $899.92 million. The firm has a 50-day moving average price of $10.64 and a 200 day moving average price of $10.17. SecureWorks Corp. has a 12-month low of $8.25 and a 12-month high of $13.65.
SecureWorks Corp. (NASDAQ:SCWX) last announced its quarterly earnings data on Wednesday, September 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.01. The firm had revenue of $116.27 million during the quarter, compared to the consensus estimate of $113.75 million. SecureWorks Corp. had a negative return on equity of 3.32% and a negative net margin of 8.97%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.07) EPS. Equities research analysts predict that SecureWorks Corp. will post ($0.31) EPS for the current fiscal year.
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Institutional investors and hedge funds have recently bought and sold shares of the company. Trexquant Investment LP raised its stake in shares of SecureWorks Corp. by 158.1% during the 1st quarter. Trexquant Investment LP now owns 35,100 shares of the technology company’s stock worth $333,000 after purchasing an additional 21,501 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of SecureWorks Corp. during the 1st quarter worth about $147,000. Bank of America Corp DE raised its stake in shares of SecureWorks Corp. by 128.7% during the 1st quarter. Bank of America Corp DE now owns 103,914 shares of the technology company’s stock worth $987,000 after purchasing an additional 58,478 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of SecureWorks Corp. during the 1st quarter worth about $4,076,000. Finally, Vanguard Group Inc. raised its stake in shares of SecureWorks Corp. by 9.6% during the 1st quarter. Vanguard Group Inc. now owns 783,848 shares of the technology company’s stock worth $7,447,000 after purchasing an additional 68,479 shares in the last quarter. 7.66% of the stock is owned by institutional investors.
SecureWorks Corp. Company Profile
Secureworks Corp. is a holding company. The Company provides intelligence-driven information security solutions. The Company is focused on protecting the Company’s clients from cyber-attacks. The Company’s solutions enable companies to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond to security incidents, and predict emerging threats.
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