SecureWorks (NASDAQ:SCWX)‘s stock had its “buy” rating restated by stock analysts at Royal Bank Of Canada in a report released on Friday.

SCWX has been the subject of several other reports. Zacks Investment Research lowered SecureWorks from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. J P Morgan Chase & Co reiterated a “buy” rating on shares of SecureWorks in a research note on Thursday, October 12th. KeyCorp reiterated a “buy” rating and issued a $15.00 price target on shares of SecureWorks in a research note on Friday, October 6th. Citigroup reiterated a “neutral” rating and issued a $11.00 price target (up previously from $10.00) on shares of SecureWorks in a research note on Thursday, September 7th. Finally, Barclays lowered SecureWorks from an “equal weight” rating to an “underweight” rating and set a $11.00 price target for the company. in a research note on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.30.

Shares of SecureWorks (SCWX) opened at $8.27 on Friday. SecureWorks has a 12 month low of $8.10 and a 12 month high of $12.99.

SecureWorks (NASDAQ:SCWX) last posted its quarterly earnings data on Wednesday, December 6th. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03. The firm had revenue of $117.53 million during the quarter, compared to analyst estimates of $115.67 million. SecureWorks had a negative return on equity of 3.92% and a negative net margin of 9.60%. SecureWorks’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.02) EPS. research analysts anticipate that SecureWorks will post -0.45 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. lifted its holdings in shares of SecureWorks by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 20,100 shares of the technology company’s stock valued at $191,000 after acquiring an additional 200 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of SecureWorks by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 21,098 shares of the technology company’s stock valued at $201,000 after acquiring an additional 423 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of SecureWorks by 8.0% in the 2nd 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 during the last quarter. California State Teachers Retirement System lifted its holdings in shares of SecureWorks by 15.3% in the 2nd 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 during the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of SecureWorks by 32.2% in the 2nd 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 during the last quarter. 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.

Analyst Recommendations for SecureWorks (NASDAQ:SCWX)

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