Shares of SecureWorks Corp. (NASDAQ:SCWX) have received an average rating of “Hold” from the ten brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $13.38.
Several equities research analysts have weighed in on SCWX shares. Barclays PLC reiterated a “hold” rating and issued a $11.00 target price on shares of SecureWorks Corp. in a report on Wednesday, June 7th. UBS AG reiterated a “neutral” rating and issued a $11.00 target price (down from $12.00) on shares of SecureWorks Corp. in a report on Friday, June 9th. Zacks Investment Research upgraded shares of SecureWorks Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $11.00 target price (up from $10.00) on shares of SecureWorks Corp. in a report on Thursday.
Shares of SecureWorks Corp. (SCWX) traded up 0.63% during mid-day trading on Tuesday, reaching $11.10. 82,568 shares of the company’s stock traded hands. SecureWorks Corp. has a 52 week low of $8.25 and a 52 week high of $14.01. The company’s 50 day moving average is $10.64 and its 200-day moving average is $10.17. The firm’s market cap is $899.92 million.
SecureWorks Corp. (NASDAQ:SCWX) last posted its earnings results on Wednesday, September 6th. The technology company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. The company had revenue of $116.27 million for the quarter, compared to analyst estimates of $113.75 million. SecureWorks Corp. had a negative net margin of 8.97% and a negative return on equity of 3.32%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the business posted ($0.07) earnings per share. Equities analysts expect that SecureWorks Corp. will post ($0.31) earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of SCWX. FMR LLC acquired a new stake in shares of SecureWorks Corp. during the second quarter worth $6,863,000. Penserra Capital Management LLC acquired a new stake in shares of SecureWorks Corp. during the first quarter worth $4,076,000. Horrell Capital Management Inc. raised its holdings in shares of SecureWorks Corp. by 46.4% during the second quarter. Horrell Capital Management Inc. now owns 497,000 shares of the technology company’s stock worth $4,617,000 after acquiring an additional 157,499 shares during the period. Vanguard Group Inc. raised its holdings in shares of SecureWorks Corp. by 10.9% during the second quarter. Vanguard Group Inc. now owns 869,475 shares of the technology company’s stock worth $8,078,000 after acquiring an additional 85,627 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of SecureWorks Corp. by 128.7% during the first quarter. Bank of America Corp DE now owns 103,914 shares of the technology company’s stock worth $987,000 after acquiring an additional 58,478 shares during the period. Institutional investors and hedge funds own 7.66% of the company’s stock.
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About SecureWorks Corp.
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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