SecureWorks Corp. (NASDAQ:SCWX - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 97,026 shares traded hands during trading, an increase of 35% from the previous session's volume of 71,875 shares.The stock last traded at $8.37 and had previously closed at $8.37.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Barclays increased their price target on SecureWorks from $6.00 to $7.00 and gave the company an "underweight" rating in a research note on Friday, September 6th. Needham & Company LLC reissued a "hold" rating on shares of SecureWorks in a research report on Tuesday, October 22nd. Finally, StockNews.com started coverage on shares of SecureWorks in a research report on Thursday. They issued a "hold" rating on the stock.
Check Out Our Latest Stock Report on SecureWorks
SecureWorks Price Performance
The stock has a market capitalization of $743.51 million, a price-to-earnings ratio of -9.85 and a beta of 1.00. The company has a 50 day simple moving average of $8.06 and a 200-day simple moving average of $7.16.
SecureWorks (NASDAQ:SCWX - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.05). SecureWorks had a negative return on equity of 4.94% and a negative net margin of 21.23%. The firm had revenue of $82.18 million for the quarter, compared to analyst estimates of $80.98 million. As a group, sell-side analysts anticipate that SecureWorks Corp. will post -0.29 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in SCWX. Squarepoint Ops LLC bought a new stake in SecureWorks during the second quarter worth $121,000. Jaffetilchin Investment Partners LLC purchased a new position in SecureWorks in the second quarter valued at about $127,000. Oppenheimer Asset Management Inc. grew its holdings in SecureWorks by 107.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company's stock valued at $267,000 after purchasing an additional 19,735 shares during the period. Marshall Wace LLP grew its stake in shares of SecureWorks by 11.6% during the 2nd 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 during the period. Finally, King Luther Capital Management Corp purchased a new position in shares of SecureWorks in the second quarter worth about $411,000. 14.38% of the stock is 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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