Shares of Secureworks Corp (NASDAQ:SCWX) have received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $15.44.
SCWX has been the subject of several research analyst reports. BidaskClub cut shares of Secureworks from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Zacks Investment Research upgraded shares of Secureworks from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, March 5th. Barclays restated a “sell” rating and issued a $15.00 price target on shares of Secureworks in a research note on Friday, December 7th. Morgan Stanley lowered shares of Secureworks from an “overweight” rating to an “equal weight” rating and set a $17.00 price target for the company. in a research note on Monday, December 10th. Finally, Bank of America set a $11.00 price target on shares of Secureworks and gave the stock a “sell” rating in a research note on Saturday, December 8th.
Shares of Secureworks stock traded down $0.57 on Friday, reaching $18.80. The company had a trading volume of 220,613 shares, compared to its average volume of 290,584. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -41.78 and a beta of 1.10. Secureworks has a 52-week low of $7.83 and a 52-week high of $24.91.
Secureworks Company Profile
SecureWorks Corp., through its subsidiaries, provides intelligence-driven information security solutions focused on protecting organizations from cyber-attacks. The company's solutions include managed security, threat intelligence, security and risk consulting, and incident response. Its solutions enable organizations 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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