SecureWorks Corp. (SCWX) Receives “Buy” Rating from KeyCorp
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.
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.
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