SecureWorks Corp. (SCWX) Sees Large Volume Increase
SecureWorks Corp. (NASDAQ:SCWX) shares saw an uptick in trading volume on Thursday . 54,833 shares traded hands during 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 research firms have recently commented on SCWX. Pacific Crest reaffirmed a “buy” rating on shares of SecureWorks Corp. in a research report on Sunday, May 22nd. SunTrust Banks Inc. began coverage on SecureWorks Corp. in a research report on Tuesday, May 17th. They set a “buy” rating and a $17.00 price target on the stock. Barclays PLC began coverage on SecureWorks Corp. in a research report on Tuesday, May 17th. They set an “overweight” rating and a $16.00 price target on the stock. Stifel Nicolaus assumed coverage on SecureWorks Corp. in a research report on Tuesday, May 17th. They set a “buy” rating and a $18.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on SecureWorks Corp. in a research report on Tuesday, May 17th. They issued an “overweight” rating and a $18.00 target price on the stock. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $16.75.
The company’s market capitalization is $1.15 billion. The firm’s 50-day moving average price is $14.48 and its 200-day moving average price is $13.97.
SecureWorks Corp. (NASDAQ:SCWX) last released its quarterly earnings results on Wednesday, June 1st. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.06. The company 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 last year, the firm posted ($0.12) EPS. 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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