Zacks Investment Research upgraded shares of SecureWorks Corp. (NASDAQ:SCWX) from a sell rating to a hold rating in a report issued on Friday morning.

According to Zacks, “SecureWorks Corp. offers intelligence-driven information security solutions focused on protecting from cyber-attacks. The Company’s 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. Its integrated suite of solutions include managed security, threat intelligence, security and risk consulting as well as incident response. SecureWorks Corp. is based in Atlanta, Georgia. “

A number of other research analysts have also recently commented on the stock. Barclays PLC restated a hold rating and set a $11.00 price target on shares of SecureWorks Corp. in a research note on Wednesday, June 7th. Citigroup Inc. restated a neutral rating and set a $11.00 price target (up previously from $10.00) on shares of SecureWorks Corp. in a research note on Thursday, September 7th. Finally, UBS AG restated a neutral rating and set a $11.00 price target (down previously from $12.00) on shares of SecureWorks Corp. in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. SecureWorks Corp. currently has a consensus rating of Hold and an average target price of $13.50.

Shares of SecureWorks Corp. (NASDAQ SCWX) opened at 11.16 on Friday. The firm’s market capitalization is $904.79 million. SecureWorks Corp. has a 12 month low of $8.25 and a 12 month high of $14.01. The stock’s 50 day moving average price is $10.64 and its 200-day moving average price is $10.17.

SecureWorks Corp. (NASDAQ:SCWX) last released its earnings results on Wednesday, September 6th. The technology company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. The business had revenue of $116.27 million for the quarter, compared to the consensus estimate of $113.75 million. SecureWorks Corp. had a negative return on equity of 3.32% and a negative net margin of 8.97%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the business earned ($0.07) earnings per share. On average, equities analysts anticipate that SecureWorks Corp. will post ($0.31) earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “SecureWorks Corp. (SCWX) Lifted to Hold at Zacks Investment Research” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/12/secureworks-corp-scwx-lifted-to-hold-at-zacks-investment-research.html.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System lifted its stake in SecureWorks Corp. by 15.3% during the second quarter. California State Teachers Retirement System now owns 14,314 shares of the technology company’s stock worth $133,000 after purchasing an additional 1,900 shares during the period. State Street Corp raised its stake in shares of SecureWorks Corp. by 13.6% in the second quarter. State Street Corp now owns 78,624 shares of the technology company’s stock valued at $731,000 after acquiring an additional 9,417 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in shares of SecureWorks Corp. in the second quarter valued at approximately $174,000. FMR LLC bought a new position in shares of SecureWorks Corp. in the second quarter valued at approximately $6,863,000. Finally, Vanguard Group Inc. raised its stake in shares of SecureWorks Corp. by 10.9% in the second 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 last quarter. Hedge funds and other institutional investors own 7.66% of the company’s stock.

About SecureWorks Corp.

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.

Get a free copy of the Zacks research report on SecureWorks Corp. (SCWX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for SecureWorks Corp. (NASDAQ:SCWX)

Receive News & Stock Ratings for SecureWorks Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SecureWorks Corp. and related stocks with our FREE daily email newsletter.