SecureWorks Corp. (NASDAQ:SCWX - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $7.83, but opened at $8.07. SecureWorks shares last traded at $8.07, with a volume of 1,352 shares traded.
Analyst Ratings Changes
SCWX has been the topic of several research reports. Needham & Company LLC reiterated a "hold" rating on shares of SecureWorks in a research note on Friday, September 6th. Barclays increased their price objective on shares of SecureWorks from $6.00 to $7.00 and gave the stock an "underweight" rating in a research note on Friday, September 6th.
View Our Latest Analysis on SCWX
SecureWorks Stock Up 1.1 %
The firm's 50 day simple moving average is $7.73 and its 200 day simple moving average is $6.88. The company has a market cap of $724.85 million, a price-to-earnings ratio of -7.55 and a beta of 0.99.
SecureWorks (NASDAQ:SCWX - Get Free Report) last announced its quarterly earnings results on Thursday, September 5th. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.05). SecureWorks had a negative net margin of 21.23% and a negative return on equity of 4.94%. The firm had revenue of $82.18 million during the quarter, compared to analyst estimates of $80.98 million. Analysts anticipate that SecureWorks Corp. will post -0.25 EPS for the current fiscal year.
Institutional Trading of SecureWorks
Large investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC bought a new stake in SecureWorks during the second quarter worth approximately $121,000. Jaffetilchin Investment Partners LLC acquired a new position in SecureWorks in the 2nd quarter worth approximately $127,000. Oppenheimer Asset Management Inc. boosted its stake in SecureWorks by 107.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company's stock worth $267,000 after purchasing an additional 19,735 shares during the period. Marshall Wace LLP boosted its stake in SecureWorks by 11.6% in the 2nd quarter. Marshall Wace LLP now owns 49,997 shares of the technology company's stock worth $350,000 after purchasing an additional 5,205 shares during the period. Finally, King Luther Capital Management Corp acquired a new position in SecureWorks in the 2nd quarter worth approximately $411,000. 14.38% of the stock is currently owned by institutional investors.
SecureWorks Company Profile
(
Get Free Report)
SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions; managed security services; and professional services, including incident response and penetration testing services.
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