Investment analysts at StockNews.com assumed coverage on shares of SecureWorks (NASDAQ:SCWX - Get Free Report) in a report issued on Monday. The brokerage set a "hold" rating on the technology company's stock.
A number of other research firms also recently issued reports on SCWX. Barclays lifted their target price on shares of 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 reaffirmed a "hold" rating on shares of SecureWorks in a report on Tuesday, October 22nd.
View Our Latest Stock Analysis on SCWX
SecureWorks Trading Down 0.1 %
SCWX stock traded down $0.01 on Monday, hitting $8.43. 222,395 shares of the company's stock traded hands, compared to its average volume of 99,092. The stock has a market cap of $748.84 million, a price-to-earnings ratio of -9.93 and a beta of 1.00. SecureWorks has a 1-year low of $5.61 and a 1-year high of $9.76. The stock has a fifty day moving average of $8.24 and a 200-day moving average of $7.48.
SecureWorks (NASDAQ:SCWX - Get Free Report) last issued its earnings results on Thursday, September 5th. The technology company reported ($0.10) earnings per share (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 company had revenue of $82.18 million during the quarter, compared to analyst estimates of $80.98 million. On average, equities research analysts anticipate that SecureWorks will post -0.29 earnings per share for the current fiscal year.
Hedge Funds Weigh In On SecureWorks
Several institutional investors and hedge funds have recently added to or reduced their stakes in SCWX. King Luther Capital Management Corp bought a new position in shares of SecureWorks during the 2nd quarter worth about $411,000. Gladius Capital Management LP bought a new position in SecureWorks during the third quarter worth about $463,000. Scalar Gauge Management LLC boosted its holdings in SecureWorks by 16.4% during the third quarter. Scalar Gauge Management LLC now owns 368,006 shares of the technology company's stock valued at $3,257,000 after purchasing an additional 51,869 shares in the last quarter. Inspire Investing LLC bought a new stake in shares of SecureWorks in the 3rd quarter valued at approximately $449,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of SecureWorks in the 3rd quarter worth approximately $442,000. 14.38% of the stock is currently owned by 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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