SecureWorks Corp. (NASDAQ:SCWX)‘s stock had its “neutral” rating reaffirmed by investment analysts at Citigroup Inc. in a research report issued to clients and investors on Thursday. They presently have a $11.00 price target on the technology company’s stock, up from their previous price target of $10.00. Citigroup Inc.’s target price points to a potential downside of 0.27% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of SecureWorks Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Barclays PLC reiterated a “hold” rating and issued a $11.00 price target on shares of SecureWorks Corp. in a research report on Wednesday, June 7th. Finally, UBS AG reiterated a “neutral” rating and issued a $11.00 price target (down from $12.00) on shares of SecureWorks Corp. in a research report on Friday, June 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. SecureWorks Corp. currently has an average rating of “Hold” and an average price target of $13.50.

SecureWorks Corp. (NASDAQ:SCWX) traded up 2.13% on Thursday, hitting $11.03. 142,043 shares of the stock traded hands. The firm’s market cap is $894.24 million. SecureWorks Corp. has a 12-month low of $8.25 and a 12-month high of $14.01. The stock has a 50-day moving average of $10.63 and a 200-day moving average of $10.16.

SecureWorks Corp. (NASDAQ:SCWX) last posted its earnings results on Wednesday, September 6th. The technology company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. SecureWorks Corp. had a negative net margin of 9.21% and a negative return on equity of 3.25%. The business had revenue of $116.27 million for the quarter, compared to analyst estimates of $113.75 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. Analysts forecast that SecureWorks Corp. will post ($0.31) earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This article was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/09/07/secureworks-corp-scwx-stock-rating-reaffirmed-by-citigroup-inc.html.

Large investors have recently added to or reduced their stakes in the company. Trexquant Investment LP grew its holdings in shares of SecureWorks Corp. by 158.1% during the first quarter. Trexquant Investment LP now owns 35,100 shares of the technology company’s stock worth $333,000 after purchasing an additional 21,501 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in SecureWorks Corp. in the first quarter valued at approximately $147,000. Bank of America Corp DE boosted its holdings in SecureWorks Corp. by 128.7% in the first quarter. Bank of America Corp DE now owns 103,914 shares of the technology company’s stock valued at $987,000 after acquiring an additional 58,478 shares during the last quarter. Penserra Capital Management LLC bought a new stake in SecureWorks Corp. in the first quarter valued at approximately $4,076,000. Finally, Vanguard Group Inc. boosted its holdings in SecureWorks Corp. by 9.6% in the first quarter. Vanguard Group Inc. now owns 783,848 shares of the technology company’s stock valued at $7,447,000 after acquiring an additional 68,479 shares during the last quarter. Institutional investors own 7.66% of the company’s stock.

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)

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.