SecureWorks (NASDAQ:SCWX)‘s stock had its “buy” rating restated by analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday.

A number of other equities analysts have also issued reports on SCWX. KeyCorp reaffirmed a “buy” rating and set a $13.00 target price on shares of SecureWorks in a research report on Thursday. BidaskClub lowered shares of SecureWorks from a “sell” rating to a “strong sell” rating in a research report on Thursday. J P Morgan Chase & Co lowered shares of SecureWorks from an “overweight” rating to a “neutral” rating and set a $12.00 target price on the stock. in a research report on Wednesday. Zacks Investment Research lowered shares of SecureWorks from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, Citigroup reissued a “neutral” rating and issued a $11.00 price target (up previously from $10.00) on shares of SecureWorks in a report on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. SecureWorks has an average rating of “Hold” and a consensus target price of $13.30.

SecureWorks (NASDAQ SCWX) opened at $8.52 on Friday. SecureWorks has a 52-week low of $8.10 and a 52-week high of $12.99.

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

Institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. bought a new stake in SecureWorks in the 1st quarter valued at $147,000. Bank of America Corp DE grew its holdings in shares of SecureWorks by 128.7% in the 1st quarter. Bank of America Corp DE now owns 103,914 shares of the technology company’s stock worth $987,000 after purchasing an additional 58,478 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of SecureWorks by 9.6% in the 1st quarter. Vanguard Group Inc. now owns 783,848 shares of the technology company’s stock worth $7,447,000 after purchasing an additional 68,479 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of SecureWorks by 46.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 30,853 shares of the technology company’s stock worth $286,000 after purchasing an additional 9,755 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of SecureWorks in the 2nd quarter worth about $225,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

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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)

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