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.

Analyst Recommendations for SecureWorks Corp. (NASDAQ:SCWX)

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