Equities research analysts at StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX - Get Free Report) in a note issued to investors on Friday. The firm set a "hold" rating on the technology company's stock.
SCWX has been the subject of a number of other reports. Barclays upped their price target on shares of SecureWorks from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Friday, September 6th. Needham & Company LLC reissued a "hold" rating on shares of SecureWorks in a research note on Tuesday, October 22nd.
Check Out Our Latest Stock Analysis on SCWX
SecureWorks Price Performance
Shares of NASDAQ:SCWX remained flat at $8.37 during trading on Friday. 60,384 shares of the stock were exchanged, compared to its average volume of 75,244. The business's fifty day moving average is $8.09 and its two-hundred day moving average is $7.22. The firm has a market cap of $743.51 million, a price-to-earnings ratio of -9.85 and a beta of 1.00. SecureWorks has a 12 month low of $5.61 and a 12 month high of $9.76.
SecureWorks (NASDAQ:SCWX - Get Free Report) last released its 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 during the quarter, compared to analyst estimates of $80.98 million. On average, research analysts forecast that SecureWorks will post -0.29 EPS for the current year.
Institutional Investors Weigh In On SecureWorks
Several hedge funds have recently modified their holdings of SCWX. King Luther Capital Management Corp purchased a new position in SecureWorks in the 2nd quarter worth about $411,000. Gladius Capital Management LP acquired a new stake in shares of SecureWorks during the third quarter valued at approximately $463,000. Inspire Investing LLC purchased a new stake in shares of SecureWorks in the 3rd quarter valued at approximately $449,000. Scalar Gauge Management LLC grew its position in SecureWorks by 18.8% during the 2nd quarter. Scalar Gauge Management LLC now owns 316,137 shares of the technology company's stock worth $2,213,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Kovack Advisors Inc. raised its stake in SecureWorks by 12.7% during the 3rd quarter. Kovack Advisors Inc. now owns 327,516 shares of the technology company's stock valued at $2,899,000 after purchasing an additional 36,816 shares during the period. 14.38% of the stock is owned by hedge funds and other 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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