SecureWorks Corp. (NASDAQ:SCWX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “SecureWorks Corp. offers intelligence-driven information security solutions focused on protecting 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. Its integrated suite of solutions include managed security, threat intelligence, security and risk consulting as well as incident response. SecureWorks Corp. is based in Atlanta, Georgia. “

Separately, Citigroup Inc. raised their price target on shares of SecureWorks Corp. from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 8th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. SecureWorks Corp. has a consensus rating of “Buy” and an average price target of $16.83.

Analyst Recommendations for SecureWorks Corp. (NASDAQ:SCWX)

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/secureworks-corp-scwx-upgraded-at-zacks-investment-research.html

Shares of SecureWorks Corp. (NASDAQ:SCWX) opened at 12.12 on Thursday. SecureWorks Corp. has a one year low of $11.85 and a one year high of $16.23. The stock’s market capitalization is $977.73 million. The stock has a 50 day moving average of $13.84 and a 200-day moving average of $13.88.

SecureWorks Corp. (NASDAQ:SCWX) last released its quarterly earnings data on Tuesday, September 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.01. The business earned $103.90 million during the quarter. The firm’s revenue for the quarter was up 29.1% on a year-over-year basis. Equities analysts predict that SecureWorks Corp. will post ($0.31) earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA bought a new position in shares of SecureWorks Corp. during the second quarter valued at $14,828,000. Masters Capital Management LLC bought a new position in shares of SecureWorks Corp. during the second quarter valued at $10,899,000. Vanguard Group Inc. bought a new position in shares of SecureWorks Corp. during the second quarter valued at $8,047,000. Penserra Capital Management LLC bought a new position in shares of SecureWorks Corp. during the second quarter valued at $4,676,000. Finally, Waddell & Reed Financial Inc. bought a new position in shares of SecureWorks Corp. during the second quarter valued at $4,522,000. 76.45% of the stock is owned by institutional investors.

About SecureWorks Corp.

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.

5 Day Chart for NASDAQ:SCWX

Receive News & Ratings for SecureWorks Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SecureWorks Corp. and related companies with MarketBeat.com's FREE daily email newsletter.