SecureWorks Corp. (NASDAQ:SCWX) has earned a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $13.11.

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of SecureWorks from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub raised shares of SecureWorks from a “strong sell” rating to a “sell” rating in a report on Wednesday. Royal Bank of Canada reaffirmed a “buy” rating on shares of SecureWorks in a report on Friday, December 8th. KeyCorp reiterated a “buy” rating and set a $13.00 price objective on shares of SecureWorks in a research report on Thursday, December 7th. Finally, J P Morgan Chase & Co cut shares of SecureWorks from an “overweight” rating to a “neutral” rating and set a $12.00 price objective for the company. in a research report on Wednesday, December 6th.

A number of hedge funds have recently added to or reduced their stakes in SCWX. FMR LLC acquired a new position in SecureWorks during the 2nd quarter worth approximately $6,863,000. Gagnon Securities LLC acquired a new position in SecureWorks in the 3rd quarter valued at approximately $5,109,000. Vanguard Group Inc. increased its position in SecureWorks by 10.9% in the 2nd quarter. Vanguard Group Inc. now owns 869,475 shares of the technology company’s stock valued at $8,078,000 after acquiring an additional 85,627 shares during the period. King Luther Capital Management Corp increased its position in SecureWorks by 354.3% in the 3rd quarter. King Luther Capital Management Corp now owns 99,940 shares of the technology company’s stock valued at $1,234,000 after acquiring an additional 77,940 shares during the period. Finally, Bank of America Corp DE increased its position in SecureWorks by 128.7% in the 1st quarter. Bank of America Corp DE now owns 103,914 shares of the technology company’s stock valued at $987,000 after acquiring an additional 58,478 shares during the period. Institutional investors and hedge funds own 7.96% of the company’s stock.

Shares of SecureWorks (NASDAQ:SCWX) opened at $9.52 on Thursday. SecureWorks has a twelve month low of $8.10 and a twelve month high of $12.99.

SecureWorks (NASDAQ:SCWX) last issued its quarterly earnings results on Wednesday, December 6th. The technology company reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.03. SecureWorks had a negative net margin of 9.60% and a negative return on equity of 3.95%. The company had revenue of $117.53 million during the quarter, compared to the consensus estimate of $115.67 million. During the same quarter in the prior year, the firm posted ($0.02) EPS. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. equities analysts predict that SecureWorks will post -0.43 earnings per share for the current year.

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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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