SecureWorks Corp. (NASDAQ:SCWX) saw unusually-strong trading volume on Thursday . Approximately 54,833 shares traded hands during mid-day trading, an increase of 0% from the previous session’s volume of 54,679 shares.The stock last traded at $14.59 and had previously closed at $14.49.

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

The company has a 50-day moving average price of $14.47 and a 200 day moving average price of $13.96. The stock’s market capitalization is $1.18 billion.

SecureWorks Corp. (NASDAQ:SCWX) last announced its quarterly earnings results on Wednesday, June 1st. The company reported ($0.09) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.06. The company 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% compared to the same quarter last year. During the same quarter last year, the business earned ($0.12) EPS. Analysts expect 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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