SecureWorks Corp. (NASDAQ:SCWX) Receives Average Rating of “Buy” from Brokerages
Shares of SecureWorks Corp. (NASDAQ:SCWX) have earned a consensus rating of “Buy” from the thirteen research firms that are presently covering the firm. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $16.70.
Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of SecureWorks Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Citigroup Inc. raised their target price on shares of SecureWorks Corp. from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 8th.
Shares of SecureWorks Corp. (NASDAQ:SCWX) traded up 1.1504% during trading on Tuesday, hitting $12.2392. 43,956 shares of the company traded hands. The stock’s market cap is $987.35 million. The firm has a 50 day moving average price of $13.98 and a 200-day moving average price of $13.91. SecureWorks Corp. has a one year low of $11.85 and a one year high of $16.23.
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SecureWorks Corp. (NASDAQ:SCWX) last issued its quarterly earnings data on Tuesday, September 6th. The company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. The firm earned $103.90 million during the quarter. The business’s quarterly revenue was up 29.1% compared to the same quarter last year. Analysts predict that SecureWorks Corp. will post ($0.31) EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Teachers Advisors Inc. acquired a new position in shares of SecureWorks Corp. during the second quarter valued at about $137,000. KBC Group NV acquired a new position in shares of SecureWorks Corp. during the second quarter valued at about $155,000. California State Teachers Retirement System acquired a new position in shares of SecureWorks Corp. during the second quarter valued at about $179,000. Wesbanco Bank Inc. acquired a new position in shares of SecureWorks Corp. during the second quarter valued at about $226,000. Finally, Alliancebernstein L.P. acquired a new position in shares of SecureWorks Corp. during the second quarter valued at about $238,000. 76.45% of the stock is currently owned by institutional investors.
SecureWorks Corp. Company Profile
Secureworks Corp. is a provider of intelligence-driven information security solutions focused on protecting its clients from cyber-attacks. The Company’s solutions enable organizations to fortify their cyber defenses to prevent security breaches; detect malicious activity in real time; prioritize and respond rapidly to security breaches, and predict emerging threats.
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