SecureWorks Corp. (SCWX) Shares Down 0.9%
SecureWorks Corp. (NASDAQ:SCWX) shares traded down 0.9% on Wednesday . The stock traded as low as $13.51 and last traded at $13.78, with a volume of 76,696 shares traded. The stock had previously closed at $13.91.
Several analysts have recently issued reports on the company. Pacific Crest reissued a “buy” rating on shares of SecureWorks Corp. in a report on Sunday, May 22nd. SunTrust Banks Inc. assumed coverage on SecureWorks Corp. in a report on Tuesday, May 17th. They set a “buy” rating and a $17.00 target price on the stock. Barclays PLC assumed coverage on SecureWorks Corp. in a report on Tuesday, May 17th. They set an “overweight” rating and a $16.00 target price on the stock. Stifel Nicolaus assumed coverage on SecureWorks Corp. in a report on Tuesday, May 17th. They set a “buy” rating and a $18.00 target price on the stock. Finally, JPMorgan Chase & Co. assumed coverage on SecureWorks Corp. in a report on Tuesday, May 17th. They set an “overweight” rating and a $18.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $16.73.
The firm’s market capitalization is $1.13 billion. The firm has a 50 day moving average of $13.75 and a 200-day moving average of $13.61.
SecureWorks Corp. (NASDAQ:SCWX) last issued its quarterly earnings data on Wednesday, June 1st. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.06. The business earned $99.79 million during the quarter, compared to the consensus estimate of $94.81 million. During the same period last year, the firm earned ($0.12) EPS. The business’s quarterly revenue was up 28.9% on a year-over-year basis. On average, equities analysts forecast that SecureWorks Corp. will post ($0.32) earnings per share for the current year.
Secureworks Corp. is a provider of intelligence-driven information security solutions focused on protecting its clients from cyber-attacks. The Company’s solutions enable organizations to fortify their cyber defenses to prevent security breaches; detect malicious activity in real time; prioritize and respond rapidly to security breaches, and predict emerging threats.
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