SecureWorks Corp. (SCWX) Earns “Buy” Rating from J P Morgan Chase & Co
Other equities research analysts also recently issued reports about the stock. KeyCorp reiterated a buy rating and set a $15.00 price objective on shares of SecureWorks Corp. in a research note on Friday, October 6th. Zacks Investment Research upgraded shares of SecureWorks Corp. from a sell rating to a hold rating in a research note on Wednesday, August 9th. Citigroup Inc. reiterated a neutral rating and set a $11.00 price objective (up from $10.00) on shares of SecureWorks Corp. in a research note on Thursday, September 7th. Finally, Royal Bank Of Canada reiterated an outperform rating and set a $15.00 price objective (up from $13.00) on shares of SecureWorks Corp. in a research note on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $13.70.
SecureWorks Corp. (SCWX) opened at 11.31 on Thursday. SecureWorks Corp. has a one year low of $10.10 and a one year high of $12.99. The stock’s market capitalization is $916.95 million. The company has a 50-day moving average of $12.17 and a 200-day moving average of $12.17.
SecureWorks Corp. (NASDAQ:SCWX) last announced its 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. SecureWorks Corp. had a negative net margin of 8.97% and a negative return on equity of 3.32%. The company had revenue of $116.27 million during the quarter, compared to the consensus estimate of $113.75 million. During the same period last year, the firm earned ($0.07) earnings per share. SecureWorks Corp.’s revenue was up 11.9% compared to the same quarter last year. On average, equities analysts forecast that SecureWorks Corp. will post ($0.30) EPS for the current fiscal year.
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Large investors have recently bought and sold shares of the company. Teachers Advisors LLC raised its holdings in shares of SecureWorks Corp. by 32.2% during the second quarter. Teachers Advisors LLC now owns 12,872 shares of the technology company’s stock worth $120,000 after purchasing an additional 3,135 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SecureWorks Corp. by 8.0% during the second quarter. JPMorgan Chase & Co. now owns 13,844 shares of the technology company’s stock worth $129,000 after purchasing an additional 1,022 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of SecureWorks Corp. during the first quarter worth $133,000. California State Teachers Retirement System raised its holdings in shares of 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 last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in shares of SecureWorks Corp. during the first quarter worth $147,000. Institutional investors and hedge funds 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.
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