StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX - Free Report) in a research note released on Tuesday morning. The brokerage issued a hold rating on the technology company's stock.
Separately, Needham & Company LLC reiterated a "hold" rating on shares of SecureWorks in a report on Tuesday, October 22nd.
Read Our Latest Stock Analysis on SCWX
SecureWorks Price Performance
NASDAQ:SCWX remained flat at $8.51 during trading hours on Tuesday. SecureWorks has a fifty-two week low of $5.61 and a fifty-two week high of $9.76. The company has a market capitalization of $755.94 million, a P/E ratio of -8.60 and a beta of 0.94. The company has a 50 day moving average of $8.46 and a 200 day moving average of $8.11.
SecureWorks (NASDAQ:SCWX - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.03). SecureWorks had a negative return on equity of 5.71% and a negative net margin of 25.49%. Analysts predict that SecureWorks will post -0.29 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Retirement Solution LLC bought a new stake in SecureWorks in the fourth quarter valued at $85,000. Squarepoint Ops LLC bought a new stake in SecureWorks in the 2nd quarter valued at about $121,000. Y.D. More Investments Ltd raised its stake in SecureWorks by 7.9% during the 4th quarter. Y.D. More Investments Ltd now owns 20,465 shares of the technology company's stock worth $173,000 after buying an additional 1,501 shares during the period. FMR LLC raised its stake in SecureWorks by 22.3% during the 3rd quarter. FMR LLC now owns 21,734 shares of the technology company's stock worth $192,000 after buying an additional 3,964 shares during the period. Finally, Empowered Funds LLC bought a new position in SecureWorks in the fourth quarter worth approximately $317,000. Institutional investors and hedge funds own 14.38% of the company's stock.
SecureWorks Company Profile
(
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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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