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.
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