TheStreet upgraded shares of Secureworks (NASDAQ:SCWX) from a d+ rating to a c- rating in a research report released on Wednesday morning, TheStreetRatingsTable reports.
Several other research analysts have also recently issued reports on SCWX. Goldman Sachs Group reaffirmed a sell rating and set a $13.00 target price on shares of Secureworks in a research report on Tuesday, December 24th. ValuEngine raised Secureworks from a hold rating to a buy rating in a research report on Thursday, December 5th. BidaskClub cut Secureworks from a sell rating to a strong sell rating in a research note on Thursday, November 14th. Needham & Company LLC reaffirmed a hold rating on shares of Secureworks in a report on Monday, December 9th. Finally, Zacks Investment Research upgraded shares of Secureworks from a hold rating to a buy rating and set a $16.00 target price for the company in a research note on Thursday, December 12th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $13.70.
Shares of NASDAQ SCWX traded down $0.10 during mid-day trading on Wednesday, reaching $16.39. 138,800 shares of the company’s stock traded hands, compared to its average volume of 161,125. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50-day simple moving average of $15.23 and a 200 day simple moving average of $12.99. The stock has a market cap of $1.37 billion, a P/E ratio of -102.44 and a beta of 1.23. Secureworks has a 1-year low of $10.37 and a 1-year high of $24.91.
Secureworks (NASDAQ:SCWX) last posted its earnings results on Thursday, December 5th. The technology company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.03. The company had revenue of $141.33 million for the quarter, compared to analyst estimates of $136.12 million. Secureworks had a negative net margin of 7.06% and a negative return on equity of 2.39%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 EPS. Equities research analysts anticipate that Secureworks will post -0.26 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its stake in shares of Secureworks by 6.6% in the 3rd quarter. Rhumbline Advisers now owns 16,213 shares of the technology company’s stock worth $210,000 after buying an additional 1,006 shares during the last quarter. State Street Corp lifted its holdings in Secureworks by 0.9% during the third quarter. State Street Corp now owns 150,987 shares of the technology company’s stock worth $1,952,000 after acquiring an additional 1,282 shares during the period. Virginia Retirement Systems ET AL lifted its holdings in Secureworks by 3.5% during the third quarter. Virginia Retirement Systems ET AL now owns 41,700 shares of the technology company’s stock worth $539,000 after acquiring an additional 1,400 shares during the period. California Public Employees Retirement System lifted its holdings in Secureworks by 5.8% during the third quarter. California Public Employees Retirement System now owns 36,500 shares of the technology company’s stock worth $472,000 after acquiring an additional 2,000 shares during the period. Finally, Northern Trust Corp boosted its position in Secureworks by 3.3% in the second quarter. Northern Trust Corp now owns 106,576 shares of the technology company’s stock worth $1,416,000 after purchasing an additional 3,441 shares during the last quarter. Hedge funds and other institutional investors own 10.00% of the company’s stock.
Secureworks Company Profile
SecureWorks Corp., a cybersecurity company, provides an integrated suite of intelligence-driven information security solutions focused on protecting organizations worldwide. The company's solutions include managed security, threat intelligence, security and risk consulting, and incident response.
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