SecureWorks Corp. (NASDAQ:SCWX)’s share price shot up 4.9% during trading on Monday . The stock traded as high as $14.63 and last traded at $14.54, with a volume of 107,882 shares changing hands. The stock had previously closed at $13.86.

Several research firms have commented on SCWX. Pacific Crest reissued a “buy” rating on shares of SecureWorks Corp. in a research note on Sunday, May 22nd. Goldman Sachs Group Inc. began coverage on shares of SecureWorks Corp. in a research note on Tuesday, May 17th. They set a “buy” rating and a $17.50 target price on the stock. SunTrust Banks Inc. began coverage on shares of SecureWorks Corp. in a research note on Tuesday, May 17th. They set a “buy” rating and a $17.00 target price on the stock. Royal Bank Of Canada began coverage on shares of SecureWorks Corp. in a research note on Tuesday, May 17th. They set an “outperform” rating and a $16.00 target price on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of SecureWorks Corp. in a research note 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 stock. The company has a consensus rating of “Buy” and an average price target of $16.73.

The company has a 50-day moving average of $13.79 and a 200 day moving average of $13.63. The stock’s market capitalization is $1.17 billion.

SecureWorks Corp. (NASDAQ:SCWX) last issued its earnings results on Wednesday, June 1st. The company reported ($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.06. The firm earned $99.79 million during the quarter, compared to analyst estimates of $94.81 million. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.12) EPS. On average, equities analysts predict that SecureWorks Corp. will post ($0.32) EPS 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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