SecureWorks (NASDAQ:SCWX) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Thursday.

SCWX has been the topic of a number of other reports. Zacks Investment Research raised shares of SecureWorks from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. KeyCorp reaffirmed a “buy” rating and issued a $15.00 target price 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. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of SecureWorks in a research report on Thursday, October 12th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $11.00 target price (up from $10.00) on shares of SecureWorks in a research report on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $13.30.

Shares of SecureWorks (NASDAQ SCWX) traded down $0.77 during trading hours on Thursday, hitting $8.27. 310,489 shares of the company’s stock were exchanged, compared to its average volume of 102,592. SecureWorks has a 52 week low of $8.10 and a 52 week high of $12.99.

SecureWorks (NASDAQ:SCWX) last announced its quarterly earnings data on Wednesday, December 6th. The technology company reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.03. SecureWorks had a negative net margin of 8.97% and a negative return on equity of 3.32%. The company had revenue of $117.53 million for the quarter, compared to the consensus estimate of $115.67 million. During the same period in the prior year, the firm posted ($0.02) EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. equities research analysts anticipate that SecureWorks will post -0.45 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new stake in SecureWorks during the 1st quarter worth $147,000. Bank of America Corp DE boosted its stake in SecureWorks by 128.7% during the 1st quarter. Bank of America Corp DE now owns 103,914 shares of the technology company’s stock worth $987,000 after purchasing an additional 58,478 shares during the period. Vanguard Group Inc. boosted its stake in SecureWorks by 9.6% during the 1st quarter. Vanguard Group Inc. now owns 783,848 shares of the technology company’s stock worth $7,447,000 after purchasing an additional 68,479 shares during the period. Bank of New York Mellon Corp boosted its stake in SecureWorks by 46.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,853 shares of the technology company’s stock worth $286,000 after purchasing an additional 9,755 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in SecureWorks during the 2nd quarter worth $225,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

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About SecureWorks

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 (NASDAQ:SCWX)

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