Shares of SecureWorks Corp. (NASDAQ:SCWX) rose 2.4% on Friday . The company traded as high as $14.67 and last traded at $14.43, with a volume of 53,801 shares changing hands. The stock had previously closed at $14.09.

SCWX has been the topic of a number of research analyst reports. Bank of America Corp. initiated coverage on shares of SecureWorks Corp. in a research report on Tuesday, May 17th. They set a “buy” rating and a $17.00 price target on the stock. Zacks Investment Research raised shares of SecureWorks Corp. from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Wednesday, July 20th. Citigroup Inc. initiated coverage on shares of SecureWorks Corp. in a research report on Tuesday, May 17th. They set a “neutral” rating and a $14.00 price target on the stock. William Blair initiated coverage on shares of SecureWorks Corp. in a research report on Tuesday, May 17th. They set an “outperform” rating on the stock. Finally, Credit Suisse Group AG initiated coverage on shares of SecureWorks Corp. in a research report on Tuesday, May 17th. They set a “neutral” rating and a $14.50 price target on the stock. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. SecureWorks Corp. has a consensus rating of “Buy” and a consensus price target of $16.75.

The company’s market cap is $1.16 billion. The stock has a 50-day moving average price of $14.43 and a 200-day moving average price of $13.94.

SecureWorks Corp. (NASDAQ:SCWX) last issued its earnings results on Wednesday, June 1st. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.06. The firm earned $99.79 million during the quarter, compared to the consensus estimate of $94.81 million. The company’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.12) EPS. Equities analysts forecast 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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