SecureWorks Corp. (NASDAQ:SCWX - Get Free Report) shares were up 3% during mid-day trading on Thursday . The stock traded as high as $8.37 and last traded at $8.37. Approximately 870 shares traded hands during trading, a decline of 98% from the average daily volume of 42,573 shares. The stock had previously closed at $8.13.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on SCWX shares. Barclays raised their price target on SecureWorks from $6.00 to $7.00 and gave the stock an "underweight" rating in a research report on Friday, September 6th. Needham & Company LLC restated a "hold" rating on shares of SecureWorks in a research report on Friday, September 6th.
Check Out Our Latest Stock Analysis on SCWX
SecureWorks Price Performance
The stock has a market capitalization of $717.75 million, a PE ratio of -7.62 and a beta of 0.99. The company has a 50 day moving average price of $7.67 and a 200-day moving average price of $6.83.
SecureWorks (NASDAQ:SCWX - Get Free Report) last posted its earnings results on Thursday, September 5th. The technology company reported ($0.10) earnings per share (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 business had revenue of $82.18 million for the quarter, compared to analysts' expectations of $80.98 million. As a group, equities analysts anticipate that SecureWorks Corp. will post -0.25 earnings per share for the current year.
Institutional Investors Weigh In On SecureWorks
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new stake in SecureWorks in the second quarter worth $121,000. Scalar Gauge Management LLC boosted its holdings in SecureWorks by 18.8% in the second quarter. Scalar Gauge Management LLC now owns 316,137 shares of the technology company's stock worth $2,213,000 after acquiring an additional 50,000 shares in the last quarter. Marshall Wace LLP boosted its holdings in SecureWorks by 11.6% in the second quarter. Marshall Wace LLP now owns 49,997 shares of the technology company's stock worth $350,000 after acquiring an additional 5,205 shares in the last quarter. King Luther Capital Management Corp bought a new stake in SecureWorks in the second quarter worth $411,000. Finally, Renaissance Technologies LLC boosted its holdings in SecureWorks by 22.3% in the second quarter. Renaissance Technologies LLC now owns 181,540 shares of the technology company's stock worth $1,271,000 after acquiring an additional 33,100 shares in the last quarter. 14.38% of the stock is owned by hedge funds and other institutional investors.
About SecureWorks
(
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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