Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Secureworks (SCWX) Stock Price
News stories about Secureworks (NASDAQ:SCWX) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Secureworks earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 44.4401500575832 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of equities research analysts have recently weighed in on SCWX shares. Zacks Investment Research raised shares of Secureworks from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research note on Tuesday, December 12th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Secureworks in a research note on Friday, December 8th. KeyCorp reaffirmed a “buy” rating and set a $13.00 target price on shares of Secureworks in a research note on Thursday, December 7th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Secureworks in a research note on Thursday, October 12th. Finally, Needham & Company LLC started coverage on shares of Secureworks in a research note on Tuesday, January 16th. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.95.
Shares of Secureworks (SCWX) opened at $9.61 on Monday. Secureworks has a 52 week low of $8.10 and a 52 week high of $12.99. The company has a market cap of $779.15, a PE ratio of -17.16 and a beta of 2.38.
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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.
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