Secureworks (NASDAQ:SCWX) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, December 22nd.
A number of other brokerages have also commented on SCWX. Zacks Investment Research upgraded shares of Secureworks from a “sell” rating to a “hold” rating in a 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. JPMorgan 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 previously from $10.00) on shares of Secureworks in a research report on Thursday, September 7th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.95.
Shares of Secureworks (NASDAQ SCWX) traded up $0.24 during trading hours on Friday, hitting $9.34. 39,900 shares of the company were exchanged, compared to its average volume of 42,022. Secureworks has a fifty-two week low of $8.10 and a fifty-two week high of $12.99. The firm has a market capitalization of $757.26 and a price-to-earnings ratio of -16.68.
Secureworks (NASDAQ:SCWX) last issued its quarterly earnings data on Wednesday, December 6th. The technology company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $117.53 million for the quarter, compared to analyst estimates of $115.67 million. During the same period last year, the business posted ($0.02) earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. equities research analysts expect that Secureworks will post -0.43 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Secureworks in the 3rd quarter valued at about $111,000. Teachers Advisors LLC grew its position 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 period. JPMorgan Chase & Co. grew its position 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 period. Renaissance Technologies LLC bought a new position in shares of Secureworks in the 1st quarter valued at about $133,000. Finally, California State Teachers Retirement System grew its position 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 period. 7.96% of the stock is owned by institutional investors.
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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.
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