Shares of SecureWorks Corp. (NASDAQ:SCWX) rose 4.9% on Monday . The stock traded as high as $14.63 and last traded at $14.54, with a volume of 107,882 shares. The stock had previously closed at $13.86.

SCWX has been the subject of several analyst reports. Bank of America Corp. initiated coverage on shares of SecureWorks Corp. in a research report on Tuesday, May 17th. They issued a “buy” rating and a $17.00 target price for the company. Goldman Sachs Group Inc. initiated coverage on shares of SecureWorks Corp. in a research report on Tuesday, May 17th. They issued a “buy” rating and a $17.50 target price for the company. Citigroup Inc. initiated coverage on shares of SecureWorks Corp. in a research report on Tuesday, May 17th. They issued a “neutral” rating and a $14.00 target price for the company. Credit Suisse Group AG initiated coverage on shares of SecureWorks Corp. in a research report on Tuesday, May 17th. They issued a “neutral” rating and a $14.50 target price for the company. Finally, Morgan Stanley initiated coverage on shares of SecureWorks Corp. in a research report on Tuesday, May 17th. They issued an “overweight” rating and a $18.00 target price for the company. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $16.73.

The stock’s 50 day moving average is $13.86 and its 200 day moving average is $13.66. The company’s market cap is $1.18 billion.

SecureWorks Corp. (NASDAQ:SCWX) last posted its quarterly earnings results on Wednesday, June 1st. The company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.06. The company had revenue of $99.79 million for the quarter, compared to the consensus estimate of $94.81 million. SecureWorks Corp.’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.12) EPS. On average, equities research analysts anticipate that SecureWorks Corp. will post ($0.32) earnings per share for the current fiscal 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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