Royal Bank Of Canada restated their outperform rating on shares of SecureWorks Corp. (NASDAQ:SCWX) in a research note published on Tuesday morning, Marketbeat reports. Royal Bank Of Canada currently has a $15.00 target price on the technology company’s stock, up from their prior target price of $13.00.

Several other equities research analysts have also commented on SCWX. UBS AG restated a neutral rating and set a $11.00 price target (down from $12.00) on shares of SecureWorks Corp. in a research note on Friday, June 9th. Zacks Investment Research upgraded SecureWorks Corp. from a sell rating to a hold rating in a research note on Wednesday, August 9th. Citigroup Inc. restated a neutral rating and set a $11.00 price target (up from $10.00) on shares of SecureWorks Corp. in a research note on Thursday, September 7th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. SecureWorks Corp. presently has a consensus rating of Hold and a consensus price target of $13.56.

Shares of SecureWorks Corp. (NASDAQ:SCWX) traded up 1.22% during mid-day trading on Tuesday, hitting $12.49. The company had a trading volume of 76,252 shares. The company’s market cap is $1.01 billion. The firm has a 50-day moving average of $12.18 and a 200-day moving average of $12.18. SecureWorks Corp. has a 12 month low of $10.15 and a 12 month high of $12.99.

SecureWorks Corp. (NASDAQ:SCWX) last announced its quarterly earnings results on Wednesday, September 6th. The technology company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. The company had revenue of $116.27 million during the quarter, compared to analyst estimates 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 was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.07) earnings per share. On average, analysts expect that SecureWorks Corp. will post ($0.30) EPS for the current year.

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Large investors have recently made changes to their positions in the business. Teachers Advisors LLC grew its stake in shares of SecureWorks Corp. by 32.2% in the second quarter. Teachers Advisors LLC now owns 12,872 shares of the technology company’s stock valued at $120,000 after buying an additional 3,135 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of SecureWorks Corp. by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 13,844 shares of the technology company’s stock valued at $129,000 after buying an additional 1,022 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of SecureWorks Corp. in the first quarter valued at about $133,000. California State Teachers Retirement System grew its stake in shares of SecureWorks Corp. by 15.3% in the second quarter. California State Teachers Retirement System now owns 14,314 shares of the technology company’s stock valued at $133,000 after buying an additional 1,900 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of SecureWorks Corp. in the first quarter valued at about $147,000. Institutional investors own 7.66% of the company’s stock.

SecureWorks Corp. Company Profile

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 Corp. (NASDAQ:SCWX)

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