SecureWorks Corp. (NASDAQ:SCWX) has been given a consensus rating of “Hold” by the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $13.50.

Several brokerages have weighed in on SCWX. Zacks Investment Research cut shares of SecureWorks Corp. from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Barclays PLC cut shares of SecureWorks Corp. from an “equal weight” rating to an “underweight” rating and set a $11.00 target price for the company. in a research report on Friday, October 13th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $11.00 target price (up from $10.00) on shares of SecureWorks Corp. in a research report on Thursday, September 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $15.00 target price (up from $13.00) on shares of SecureWorks Corp. in a research report on Tuesday, October 3rd. Finally, KeyCorp reaffirmed a “buy” rating and issued a $15.00 target price on shares of SecureWorks Corp. in a research report on Friday, October 6th.

Several institutional investors have recently modified their holdings of SCWX. SG Americas Securities LLC bought a new position in shares of SecureWorks Corp. in the 3rd quarter worth about $111,000. Teachers Advisors LLC increased its stake in shares of SecureWorks Corp. by 32.2% in the 2nd quarter. Teachers Advisors LLC now owns 12,872 shares of the technology company’s stock worth $120,000 after acquiring an additional 3,135 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of SecureWorks Corp. by 8.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,844 shares of the technology company’s stock worth $129,000 after acquiring an additional 1,022 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of SecureWorks Corp. in the 1st quarter worth about $133,000. Finally, California State Teachers Retirement System increased its stake in shares of SecureWorks Corp. by 15.3% in the 2nd quarter. California State Teachers Retirement System now owns 14,314 shares of the technology company’s stock worth $133,000 after acquiring an additional 1,900 shares in the last quarter. Institutional investors own 7.14% of the company’s stock.

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Shares of SecureWorks Corp. (SCWX) traded down $0.10 on Friday, reaching $10.28. 34,686 shares of the company’s stock traded hands, compared to its average volume of 102,318. SecureWorks Corp. has a fifty-two week low of $8.25 and a fifty-two week high of $12.99.

SecureWorks Corp. (NASDAQ:SCWX) last announced its quarterly earnings results on Wednesday, September 6th. The technology company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. The business had revenue of $116.27 million during the quarter, compared to analysts’ expectations of $113.75 million. SecureWorks Corp. had a negative net margin of 8.97% and a negative return on equity of 3.32%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.07) EPS. equities research analysts expect that SecureWorks Corp. will post -0.45 earnings per share for the current fiscal year.

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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