ValuEngine upgraded shares of Secureworks (NASDAQ:SCWX) from a hold rating to a buy rating in a report published on Thursday, ValuEngine reports.

Several other brokerages also recently issued reports on SCWX. Zacks Investment Research downgraded shares of Secureworks from a strong-buy rating to a hold rating in a report on Wednesday, November 6th. Goldman Sachs Group started coverage on shares of Secureworks in a research report on Tuesday, November 12th. They issued a sell rating and a $12.00 price target on the stock. TheStreet cut shares of Secureworks from a c- rating to a d+ rating in a research note on Wednesday, August 7th. Finally, BidaskClub lowered shares of Secureworks from a sell rating to a strong sell rating in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Secureworks presently has a consensus rating of Hold and an average target price of $13.50.

Shares of NASDAQ:SCWX opened at $15.11 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The business’s fifty day moving average price is $11.98 and its two-hundred day moving average price is $12.73. Secureworks has a fifty-two week low of $10.37 and a fifty-two week high of $24.91.

Secureworks (NASDAQ:SCWX) last issued its quarterly earnings data on Thursday, December 5th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.04. Secureworks had a negative return on equity of 2.38% and a negative net margin of 7.06%. The company had revenue of $141.33 million during the quarter, compared to analysts’ expectations of $136.12 million. During the same period last year, the business earned $0.06 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. Sell-side analysts predict that Secureworks will post -0.3 EPS for the current year.

A number of institutional investors have recently bought and sold shares of SCWX. Cubist Systematic Strategies LLC bought a new stake in shares of Secureworks during the second quarter worth $167,000. Swiss National Bank acquired a new position in Secureworks during the 2nd quarter worth about $195,000. Rhumbline Advisers grew its holdings in Secureworks by 6.6% during the 3rd quarter. Rhumbline Advisers now owns 16,213 shares of the technology company’s stock worth $210,000 after acquiring an additional 1,006 shares during the last quarter. Susquehanna International Group LLP grew its holdings in Secureworks by 284.3% during the 2nd quarter. Susquehanna International Group LLP now owns 20,826 shares of the technology company’s stock worth $277,000 after acquiring an additional 32,126 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Secureworks by 266.0% in the 2nd quarter. SG Americas Securities LLC now owns 27,269 shares of the technology company’s stock valued at $362,000 after acquiring an additional 19,819 shares in the last quarter. 8.79% of the stock is currently owned by institutional investors.

About Secureworks

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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