SecureWorks Corp. (SCWX) Given Consensus Rating of “Hold” by Brokerages
SecureWorks Corp. (NASDAQ:SCWX) has received a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $13.67.
A number of research firms recently commented on SCWX. KeyCorp reissued a “buy” rating and set a $15.00 target price on shares of SecureWorks Corp. in a research report on Friday, October 6th. J P Morgan Chase & Co reissued a “buy” rating on shares of SecureWorks Corp. in a research report on Thursday, October 12th. Royal Bank Of Canada reissued an “outperform” rating and set a $15.00 target price (up previously from $13.00) on shares of SecureWorks Corp. in a research report on Tuesday, October 3rd. Zacks Investment Research cut shares of SecureWorks Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Finally, Barclays PLC cut shares of SecureWorks Corp. from an “equal weight” rating to an “underweight” rating and set a $11.00 target price for the company. in a research report on Friday, October 13th.
Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. purchased a new position in shares of SecureWorks Corp. in the first quarter worth about $147,000. Bank of America Corp DE lifted 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 worth $987,000 after buying an additional 58,478 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of SecureWorks Corp. by 9.6% in the first quarter. Vanguard Group Inc. now owns 783,848 shares of the technology company’s stock worth $7,447,000 after buying an additional 68,479 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of SecureWorks Corp. in the second quarter worth about $225,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of SecureWorks Corp. by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 21,098 shares of the technology company’s stock worth $201,000 after buying an additional 423 shares in the last quarter. 7.55% of the stock is currently owned by hedge funds and other institutional investors.
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SecureWorks Corp. (NASDAQ:SCWX) opened at 10.80 on Wednesday. The stock’s 50 day moving average is $11.92 and its 200 day moving average is $11.92. The stock’s market capitalization is $875.60 million. SecureWorks Corp. has a 12-month low of $8.25 and a 12-month high of $12.99.
SecureWorks Corp. (NASDAQ:SCWX) last posted its earnings results on Wednesday, September 6th. The technology company reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.01. SecureWorks Corp. had a negative net margin of 8.97% and a negative return on equity of 3.32%. The company had revenue of $116.27 million during the quarter, compared to analysts’ expectations of $113.75 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. SecureWorks Corp.’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts predict that SecureWorks Corp. will post ($0.30) earnings per share for the current fiscal year.
About SecureWorks Corp.
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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