Equities researchers at StockNews.com initiated coverage on shares of SecureWorks (NASDAQ:SCWX - Get Free Report) in a note issued to investors on Sunday. The firm set a "hold" rating on the technology company's stock.
Other research analysts have also recently issued research reports about the stock. Barclays boosted their price objective 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 restated a "hold" rating on shares of SecureWorks in a research note on Tuesday, October 22nd.
Get Our Latest Stock Analysis on SCWX
SecureWorks Stock Up 0.4 %
SCWX stock traded up $0.03 during trading hours on Friday, hitting $8.39. The company's stock had a trading volume of 1,563,051 shares, compared to its average volume of 287,423. SecureWorks has a 12 month low of $5.61 and a 12 month high of $9.76. The stock has a 50 day moving average price of $8.19 and a two-hundred day moving average price of $7.40. The company has a market capitalization of $745.28 million, a PE ratio of -9.87 and a beta of 1.00.
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 for the quarter, compared to analyst estimates of $80.98 million. Sell-side analysts expect that SecureWorks will post -0.29 earnings per share for the current year.
Institutional Investors Weigh In On SecureWorks
A number of large investors have recently modified their holdings of SCWX. King Luther Capital Management Corp acquired a new stake in shares of SecureWorks during the second quarter worth $411,000. Gladius Capital Management LP purchased a new stake in SecureWorks in the 3rd quarter valued at $463,000. Scalar Gauge Management LLC raised its holdings in shares of SecureWorks by 16.4% in 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 during the last quarter. Inspire Investing LLC bought a new position in shares of SecureWorks during the 3rd quarter worth approximately $449,000. Finally, Brown Brothers Harriman & Co. bought a new stake in SecureWorks during the third quarter worth $442,000. Institutional investors and hedge funds own 14.38% of the company's stock.
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.
See Also
Before you consider SecureWorks, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SecureWorks wasn't on the list.
While SecureWorks currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
