SecureWorks Corp. (NASDAQ:SCWX) Given Average Rating of “Hold” by Brokerages

SecureWorks Corp. (NASDAQ:SCWX) has received a consensus rating of “Hold” from the ten analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $13.88.

Several analysts recently issued reports on SCWX shares. Barclays PLC reiterated a “hold” rating and set a $11.00 target price on shares of SecureWorks Corp. in a research report on Wednesday, June 7th. UBS Group AG reissued a “neutral” rating and set a $11.00 price target (down from $12.00) on shares of SecureWorks Corp. in a research note on Friday, June 9th. Finally, Zacks Investment Research raised SecureWorks Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday.

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Shares of SecureWorks Corp. (NASDAQ SCWX) opened at 10.62 on Friday. The company’s market cap is $861.00 million. SecureWorks Corp. has a 12 month low of $8.25 and a 12 month high of $15.80. The stock’s 50 day moving average price is $10.35 and its 200-day moving average price is $10.17.

SecureWorks Corp. (NASDAQ:SCWX) last released its earnings results on Tuesday, June 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.02. SecureWorks Corp. had a negative return on equity of 3.82% and a negative net margin of 9.21%. The business had revenue of $113.70 million for the quarter, compared to analysts’ expectations of $110.70 million. During the same quarter in the prior year, the business posted ($0.09) EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. Equities research analysts expect that SecureWorks Corp. will post ($0.32) earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Teachers Advisors LLC raised its stake in SecureWorks Corp. by 32.2% in the second quarter. Teachers Advisors LLC now owns 12,872 shares of the technology company’s stock valued at $120,000 after buying an additional 3,135 shares during the last quarter. JPMorgan Chase & Co. raised its stake in SecureWorks Corp. by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 13,844 shares of the technology company’s stock valued at $129,000 after buying an additional 1,022 shares during the last quarter. Renaissance Technologies LLC bought a new stake in SecureWorks Corp. during the first quarter valued at about $133,000. Goldman Sachs Group Inc. bought a new stake in SecureWorks Corp. during the first quarter valued at about $147,000. Finally, Parametric Portfolio Associates LLC bought a new stake in SecureWorks Corp. during the first quarter valued at about $147,000. 59.54% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for SecureWorks Corp. (NASDAQ:SCWX)

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