Shares of SecureWorks Corp. (NASDAQ:SCWX) have been given an average recommendation of “Hold” by the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $13.50.

A number of research firms recently issued reports on SCWX. KeyCorp reaffirmed a “buy” rating and issued a $15.00 target price on shares of SecureWorks Corp. in a research report on Friday, October 6th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of SecureWorks Corp. in a research report on Thursday, October 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued 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 downgraded SecureWorks Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Finally, Barclays PLC downgraded SecureWorks Corp. from an “equal weight” rating to an “underweight” rating and set a $11.00 target price on the stock. in a research report on Friday, October 13th.

Shares of SecureWorks Corp. (SCWX) opened at $9.85 on Friday. SecureWorks Corp. has a twelve month low of $8.25 and a twelve month high of $12.99.

SecureWorks Corp. (NASDAQ:SCWX) last issued its quarterly earnings results on Wednesday, September 6th. The technology company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. The company had revenue of $116.27 million for the quarter, compared to analyst estimates of $113.75 million. SecureWorks Corp. had a negative return on equity of 3.32% and a negative net margin of 8.97%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) earnings per share. equities analysts forecast that SecureWorks Corp. will post -0.45 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of SecureWorks Corp. in the third quarter valued at approximately $111,000. Teachers Advisors LLC grew its position in shares of SecureWorks Corp. by 32.2% in the second quarter. Teachers Advisors LLC now owns 12,872 shares of the technology company’s stock valued at $120,000 after purchasing an additional 3,135 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of SecureWorks Corp. by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 13,844 shares of the technology company’s stock valued at $129,000 after purchasing an additional 1,022 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of SecureWorks Corp. in the first quarter valued at approximately $133,000. Finally, California State Teachers Retirement System grew its position in shares of SecureWorks Corp. by 15.3% in the second quarter. California State Teachers Retirement System now owns 14,314 shares of the technology company’s stock valued at $133,000 after purchasing an additional 1,900 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors.

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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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