KeyCorp reiterated their buy rating on shares of SecureWorks Corp. (NASDAQ:SCWX) in a research report sent to investors on Sunday morning. KeyCorp currently has a $15.00 price objective on the technology company’s stock.

A number of other equities research analysts have also weighed in on the company. Zacks Investment Research upgraded SecureWorks Corp. from a sell rating to a hold rating in a research note on Wednesday, November 8th. Royal Bank Of Canada restated a buy rating on shares of SecureWorks Corp. in a research note on Tuesday, November 7th. Barclays PLC lowered SecureWorks Corp. from an equal weight rating to an underweight rating and set a $11.00 price objective for the company. in a research note on Friday, October 13th. J P Morgan Chase & Co restated a buy rating on shares of SecureWorks Corp. in a research note on Thursday, October 12th. Finally, Citigroup Inc. restated a neutral rating and set a $11.00 price objective (up previously from $10.00) on shares of SecureWorks Corp. in a research note on Thursday, September 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $13.67.

Shares of SecureWorks Corp. (NASDAQ SCWX) opened at $10.28 on Friday. SecureWorks Corp. has a twelve month low of $8.25 and a twelve month high of $12.99.

SecureWorks Corp. (NASDAQ:SCWX) last announced its earnings results on Wednesday, September 6th. The technology company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.01. SecureWorks Corp. had a negative return on equity of 3.32% and a negative net margin of 8.97%. The business had revenue of $116.27 million for the quarter, compared to the consensus estimate of $113.75 million. During the same period last year, the business posted ($0.07) EPS. The company’s revenue was up 11.9% on a year-over-year basis. sell-side analysts expect that SecureWorks Corp. will post -0.45 EPS for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of SecureWorks Corp. in the 3rd quarter worth approximately $111,000. Teachers Advisors LLC grew its position 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. grew its position 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 acquired a new position in shares of SecureWorks Corp. in the 1st quarter worth approximately $133,000. Finally, California State Teachers Retirement System grew its position 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.

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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