SecureWorks (NASDAQ:SCWX) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Wednesday.

SCWX has been the subject of several other research reports. Royal Bank of Canada restated a “buy” rating on shares of SecureWorks in a report on Tuesday, November 7th. Zacks Investment Research lowered SecureWorks from a “hold” rating to a “sell” rating in a report on Friday, September 1st. J P Morgan Chase & Co restated a “buy” rating on shares of SecureWorks in a report on Thursday, October 12th. KeyCorp reaffirmed a “buy” rating and set a $15.00 target price on shares of SecureWorks in a report on Friday, October 6th. Finally, Citigroup reaffirmed a “neutral” rating and set a $11.00 target price (up from $10.00) on shares of SecureWorks in a report on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $12.95.

Shares of SecureWorks (SCWX) traded up $0.23 during trading on Wednesday, hitting $9.75. The stock had a trading volume of 162,400 shares, compared to its average volume of 102,743. SecureWorks has a twelve month low of $8.10 and a twelve month high of $12.99.

SecureWorks (NASDAQ:SCWX) last announced its quarterly earnings data on Wednesday, December 6th. The technology company reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. The business had revenue of $117.53 million during the quarter, compared to analyst estimates of $115.67 million. SecureWorks had a negative return on equity of 3.95% and a negative net margin of 9.60%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. analysts forecast that SecureWorks will post -0.43 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in SecureWorks in the 3rd quarter worth about $111,000. Teachers Advisors LLC lifted its stake in SecureWorks by 32.2% in the 2nd quarter. Teachers Advisors LLC now owns 12,872 shares of the technology company’s stock worth $120,000 after acquiring an additional 3,135 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in SecureWorks by 8.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,844 shares of the technology company’s stock worth $129,000 after acquiring an additional 1,022 shares in the last quarter. California State Teachers Retirement System lifted its stake in SecureWorks by 15.3% in the 2nd quarter. California State Teachers Retirement System now owns 14,314 shares of the technology company’s stock worth $133,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in SecureWorks in the 1st quarter worth about $133,000. 7.96% of the stock is owned by institutional investors and hedge funds.

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About SecureWorks

Secureworks Corp. is a holding company. The Company provides intelligence-driven information security solutions. The Company is focused on protecting the Company’s clients from cyber-attacks. The Company’s solutions enable companies to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond to security incidents, and predict emerging threats.

Analyst Recommendations for SecureWorks (NASDAQ:SCWX)

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