BidaskClub cut shares of SecureWorks (NASDAQ:SCWX) from a sell rating to a strong sell rating in a research note released on Thursday morning.

Other equities analysts have also recently issued research reports about the stock. KeyCorp reissued a buy rating and set a $15.00 price objective on shares of SecureWorks in a research report on Sunday, November 19th. Royal Bank Of Canada reissued a buy rating on shares of SecureWorks in a research report on Tuesday, November 7th. J P Morgan Chase & Co reissued a buy rating on shares of SecureWorks in a research report on Thursday, October 12th. Zacks Investment Research raised shares of SecureWorks from a sell rating to a hold rating in a research report on Wednesday, August 9th. Finally, Citigroup reissued a neutral rating and set a $11.00 price objective (up previously from $10.00) on shares of SecureWorks in a research report on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $13.30.

Shares of SecureWorks (NASDAQ:SCWX) traded up $0.25 on Thursday, reaching $8.52. 92,701 shares of the company’s stock were exchanged, compared to its average volume of 94,311. SecureWorks has a twelve month low of $8.10 and a twelve month high of $12.99.

SecureWorks (NASDAQ:SCWX) last issued its quarterly earnings results on Wednesday, December 6th. The technology company reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.03. The business had revenue of $117.53 million for the quarter, compared to analysts’ expectations of $115.67 million. SecureWorks had a negative net margin of 9.60% and a negative return on equity of 3.95%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. equities research analysts expect that SecureWorks will post -0.39 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in SCWX. SG Americas Securities LLC bought a new position in SecureWorks in the 3rd quarter valued at about $111,000. Teachers Advisors LLC lifted its position in SecureWorks by 32.2% in the 2nd quarter. Teachers Advisors LLC now owns 12,872 shares of the technology company’s stock valued at $120,000 after acquiring an additional 3,135 shares in the last quarter. JPMorgan Chase & Co. lifted its position in SecureWorks by 8.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,844 shares of the technology company’s stock valued at $129,000 after acquiring an additional 1,022 shares in the last quarter. California State Teachers Retirement System lifted its position in SecureWorks by 15.3% in the 2nd quarter. California State Teachers Retirement System now owns 14,314 shares of the technology company’s stock valued at $133,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in SecureWorks in the 1st quarter valued at about $133,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This report was first reported by Watch List News and is owned by of Watch List News. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://www.watchlistnews.com/secureworks-scwx-downgraded-by-bidaskclub/1756048.html.

SecureWorks 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 (NASDAQ:SCWX)

Receive News & Ratings for SecureWorks Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SecureWorks Corp. and related companies with MarketBeat.com's FREE daily email newsletter.