SecureWorks Corp. (NASDAQ:SCWX)‘s stock had its “buy” rating reissued by research analysts at J P Morgan Chase & Co in a research note issued on Thursday.

SCWX has been the subject of several other reports. Zacks Investment Research lowered SecureWorks Corp. from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Citigroup Inc. reiterated a “neutral” rating and set a $11.00 price objective (up from $10.00) on shares of SecureWorks Corp. in a research note on Thursday, September 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $15.00 target price (up from $13.00) on shares of SecureWorks Corp. in a research note on Tuesday, October 3rd. Finally, KeyCorp restated a “buy” rating and issued a $15.00 target price on shares of SecureWorks Corp. in a research note on Friday, October 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $13.70.

Shares of SecureWorks Corp. (SCWX) traded down 2.91% during trading on Thursday, hitting $12.03. 39,260 shares of the stock traded hands. The company’s market cap is $975.32 million. The firm’s 50-day moving average price is $12.22 and its 200-day moving average price is $12.22. SecureWorks Corp. has a 52 week low of $8.25 and a 52 week high of $12.99.

SecureWorks Corp. (NASDAQ:SCWX) last released its quarterly earnings data on Wednesday, September 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.01. SecureWorks Corp. had a negative return on equity of 3.32% and a negative net margin of 8.97%. The firm had revenue of $116.27 million during the quarter, compared to analyst estimates of $113.75 million. During the same period in the prior year, the company posted ($0.07) earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities research analysts anticipate that SecureWorks Corp. will post ($0.30) earnings per share for the current year.

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Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of SecureWorks Corp. by 10.9% in the second quarter. Vanguard Group Inc. now owns 869,475 shares of the technology company’s stock valued at $8,078,000 after buying an additional 85,627 shares in the last quarter. FMR LLC acquired a new stake in shares of SecureWorks Corp. in the second quarter valued at $6,863,000. Horrell Capital Management Inc. increased its stake in shares of SecureWorks Corp. by 46.4% in the second quarter. Horrell Capital Management Inc. now owns 497,000 shares of the technology company’s stock valued at $4,617,000 after buying an additional 157,499 shares in the last quarter. Bank of America Corp DE increased its stake in shares of 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 buying an additional 58,478 shares in the last quarter. Finally, State Street Corp increased its stake in shares of SecureWorks Corp. by 13.6% in the second quarter. State Street Corp now owns 78,624 shares of the technology company’s stock valued at $731,000 after buying an additional 9,417 shares in 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)

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