First Analysis upgraded shares of SecureWorks (NASDAQ:SCWX) from an equal weight rating to an overweight rating in a report published on Friday, Marketbeat Ratings reports. They currently have $12.00 price objective on the technology company’s stock.
SCWX has been the subject of a number of other reports. Needham & Company LLC assumed coverage on shares of SecureWorks in a research note on Tuesday, January 16th. They set a hold rating for the company. ValuEngine raised shares of SecureWorks from a sell rating to a hold rating in a research note on Thursday. Zacks Investment Research downgraded shares of SecureWorks from a hold rating to a sell rating in a research note on Wednesday, April 4th. BidaskClub downgraded shares of SecureWorks from a hold rating to a sell rating in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus downgraded shares of SecureWorks from a buy rating to a hold rating and dropped their price target for the stock from $14.00 to $9.00 in a research note on Thursday, March 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $11.50.
SCWX opened at $9.96 on Friday. The company has a market cap of $776.02, a P/E ratio of -22.13 and a beta of 1.90. SecureWorks has a fifty-two week low of $7.83 and a fifty-two week high of $12.99.
SecureWorks (NASDAQ:SCWX) last posted its quarterly earnings results on Wednesday, March 28th. The technology company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.01). The business had revenue of $120.65 million for the quarter, compared to the consensus estimate of $117.71 million. SecureWorks had a negative return on equity of 5.37% and a negative net margin of 6.00%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm earned ($0.02) earnings per share. analysts predict that SecureWorks will post -0.33 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in SecureWorks during the third quarter valued at approximately $111,000. California State Teachers Retirement System grew its holdings in SecureWorks by 15.3% during the second quarter. California State Teachers Retirement System now owns 14,314 shares of the technology company’s stock valued at $133,000 after purchasing an additional 1,900 shares during the period. Deutsche Bank AG grew its holdings in SecureWorks by 156.9% during the fourth quarter. Deutsche Bank AG now owns 19,307 shares of the technology company’s stock valued at $171,000 after purchasing an additional 11,791 shares during the period. Stone Ridge Asset Management LLC acquired a new position in SecureWorks during the fourth quarter valued at approximately $199,000. Finally, Spark Investment Management LLC acquired a new position in SecureWorks during the fourth quarter valued at approximately $236,000. Hedge funds and other institutional investors own 7.60% of the company’s stock.
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SecureWorks Company Profile
SecureWorks Corp. provides intelligence-driven information security solutions focused on protecting organizations from cyber-attacks. Its solutions enable organizations to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond rapidly to security breaches, and predict emerging threats.
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