SecureWorks (NASDAQ:SCWX)‘s stock had its “buy” rating reiterated by equities research analysts at KeyCorp in a report released on Thursday. They currently have a $13.00 price objective on the technology company’s stock. KeyCorp’s target price would indicate a potential upside of 43.81% from the company’s previous close.

A number of other brokerages have also recently commented on SCWX. BidaskClub cut shares of SecureWorks from a “sell” rating to a “strong sell” rating in a report on Thursday. Zacks Investment Research raised shares of SecureWorks from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of SecureWorks in a report on Tuesday, November 7th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of SecureWorks in a 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 report on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $13.44.

Shares of SecureWorks (NASDAQ SCWX) traded up $0.09 on Thursday, reaching $9.04. 134,500 shares of the company were exchanged, compared to its average volume of 101,714. SecureWorks has a 52-week low of $8.25 and a 52-week high of $12.99.

SecureWorks (NASDAQ:SCWX) last announced its quarterly earnings results on Wednesday, December 6th. The technology company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $117.53 million during the quarter, compared to analysts’ expectations of $115.67 million. During the same period in the previous year, the company earned ($0.02) earnings per share. SecureWorks’s quarterly revenue was up 9.7% compared to the same quarter last year. equities analysts predict that SecureWorks will post -0.45 EPS for the current year.

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of SecureWorks during the third quarter worth about $111,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of SecureWorks during the third quarter worth about $158,000. Teachers Advisors LLC increased its stake in shares of SecureWorks by 32.2% during the second quarter. Teachers Advisors LLC now owns 12,872 shares of the technology company’s stock worth $120,000 after acquiring an additional 3,135 shares during the period. JPMorgan Chase & Co. grew its position in SecureWorks by 8.0% during the second quarter. JPMorgan Chase & Co. now owns 13,844 shares of the technology company’s stock worth $129,000 after buying an additional 1,022 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in SecureWorks during the first quarter worth about $133,000. Institutional investors and hedge funds 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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