Bank of America restated their underperform rating on shares of Secureworks (NASDAQ:SCWX) in a research report report published on Tuesday. The brokerage currently has a $12.50 price objective on the technology company’s stock, up from their previous price objective of $10.50.

SCWX has been the topic of a number of other research reports. BidaskClub lowered shares of Secureworks from a strong-buy rating to a buy rating in a report on Tuesday, December 11th. First Analysis lowered shares of Secureworks from an outperform rating to a neutral rating and upped their target price for the stock from $14.00 to $17.00 in a report on Thursday, December 6th. Zacks Investment Research lowered shares of Secureworks from a buy rating to a hold rating in a report on Wednesday, November 7th. Royal Bank of Canada lowered shares of Secureworks from an outperform rating to a sector perform rating and set a $18.00 target price on the stock. in a report on Friday, December 7th. They noted that the move was a valuation call. Finally, Morgan Stanley lowered shares of Secureworks from an overweight rating to an equal weight rating and set a $17.00 target price on the stock. in a report on Monday, December 10th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $14.56.

Secureworks stock opened at $21.68 on Tuesday. The company has a market cap of $1.88 billion, a P/E ratio of -48.18 and a beta of 1.15. Secureworks has a 1-year low of $7.83 and a 1-year high of $24.91.

Secureworks (NASDAQ:SCWX) last posted its earnings results on Thursday, December 6th. The technology company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.11. The business had revenue of $133.06 million for the quarter, compared to analyst estimates of $130.52 million. Secureworks had a negative net margin of 3.43% and a negative return on equity of 3.30%. Secureworks’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.06) EPS. On average, analysts forecast that Secureworks will post -0.19 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Acadian Asset Management LLC increased its holdings in shares of Secureworks by 59.7% in the 4th quarter. Acadian Asset Management LLC now owns 5,771 shares of the technology company’s stock worth $97,000 after buying an additional 2,157 shares during the last quarter. Sun Life Financial INC increased its holdings in shares of Secureworks by 136.2% in the 4th quarter. Sun Life Financial INC now owns 7,774 shares of the technology company’s stock worth $131,000 after buying an additional 4,483 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Secureworks by 138.6% in the 4th quarter. New York State Common Retirement Fund now owns 10,500 shares of the technology company’s stock worth $177,000 after buying an additional 6,100 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Secureworks in the 3rd quarter worth $178,000. Finally, AXA bought a new position in shares of Secureworks in the 3rd quarter worth $193,000. 9.15% of the stock is currently owned by hedge funds and other institutional investors.

About Secureworks

SecureWorks Corp., through its subsidiaries, provides intelligence-driven information security solutions focused on protecting organizations from cyber-attacks. The company's solutions include managed security, threat intelligence, security and risk consulting, and incident response. Its solutions enable organizations 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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Analyst Recommendations for Secureworks (NASDAQ:SCWX)

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