SecureWorks Corp. (NASDAQ:SCWX - Get Free Report) shares saw an uptick in trading volume on Friday . 59,843 shares traded hands during mid-day trading, a decline of 21% from the previous session's volume of 75,958 shares.The stock last traded at $8.37 and had previously closed at $8.37.
Wall Street Analyst Weigh In
SCWX has been the subject of several recent analyst reports. StockNews.com began coverage on SecureWorks in a report on Friday, November 8th. They set a "hold" rating on the stock. Barclays increased their price target on SecureWorks from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Friday, September 6th. Finally, Needham & Company LLC restated a "hold" rating on shares of SecureWorks in a research note on Tuesday, October 22nd.
Check Out Our Latest Stock Report on SCWX
SecureWorks Price Performance
The firm has a market capitalization of $743.51 million, a P/E ratio of -9.85 and a beta of 1.00. The business has a 50 day moving average price of $8.14 and a 200 day moving average price of $7.29.
SecureWorks (NASDAQ:SCWX - Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The technology company reported ($0.10) EPS 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 business had revenue of $82.18 million for the quarter, compared to analyst estimates of $80.98 million. As a group, equities analysts expect that SecureWorks Corp. will post -0.29 EPS for the current year.
Institutional Investors Weigh In On SecureWorks
A number of institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC acquired a new stake in shares of SecureWorks during the 2nd quarter worth approximately $121,000. Jaffetilchin Investment Partners LLC bought a new stake in SecureWorks in the 2nd quarter valued at $127,000. FMR LLC raised its stake in shares of SecureWorks by 22.3% in the 3rd quarter. FMR LLC now owns 21,734 shares of the technology company's stock valued at $192,000 after buying an additional 3,964 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of SecureWorks by 107.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company's stock worth $267,000 after acquiring an additional 19,735 shares during the period. Finally, State Street Corp boosted its position in shares of SecureWorks by 5.5% during the 3rd quarter. State Street Corp now owns 44,227 shares of the technology company's stock valued at $391,000 after acquiring an additional 2,300 shares in the last quarter. 14.38% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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