SecureWorks (NASDAQ:SCWX) was downgraded by J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

A number of other research firms have also weighed in on SCWX. Zacks Investment Research raised SecureWorks from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. KeyCorp reaffirmed a “buy” rating and set a $15.00 price objective on shares of SecureWorks in a research report on Sunday, November 19th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of SecureWorks in a research report on Tuesday, November 7th. Citigroup reaffirmed a “neutral” rating and set a $11.00 price objective (up previously from $10.00) on shares of SecureWorks in a research report on Thursday, September 7th. Finally, Barclays lowered SecureWorks from an “equal weight” rating to an “underweight” rating and set a $11.00 price objective on the stock. in a research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.67.

SecureWorks (NASDAQ:SCWX) traded up $0.09 during trading on Wednesday, hitting $9.04. The stock had a trading volume of 134,524 shares, compared to its average volume of 101,714. SecureWorks has a 1-year low of $8.25 and a 1-year high of $12.99.

SecureWorks (NASDAQ:SCWX) last posted its quarterly earnings data on Wednesday, September 6th. The technology company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. SecureWorks had a negative return on equity of 3.32% and a negative net margin of 8.97%. 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 company earned ($0.07) earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. research analysts forecast that SecureWorks will post -0.45 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of SecureWorks during the third quarter worth $111,000. Teachers Advisors LLC boosted its stake in SecureWorks 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 acquiring an additional 3,135 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in SecureWorks 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 acquiring an additional 1,022 shares in the last quarter. California State Teachers Retirement System boosted its stake in SecureWorks 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 acquiring an additional 1,900 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in SecureWorks in the first quarter valued at $133,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

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SecureWorks 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.

The Fly

Analyst Recommendations for SecureWorks (NASDAQ:SCWX)

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