Secureworks (NASDAQ:SCWX) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.

SCWX has been the subject of a number of other research reports. Royal Bank of Canada reissued a “buy” rating on shares of Secureworks in a report on Tuesday, November 7th. Zacks Investment Research raised shares of Secureworks from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. KeyCorp reissued a “buy” rating and issued a $15.00 target price on shares of Secureworks in a report on Sunday, November 19th. Needham & Company LLC initiated coverage on shares of Secureworks in a report on Tuesday, January 16th. They issued a “hold” rating for the company. Finally, Barclays cut shares of Secureworks from an “equal weight” rating to an “underweight” rating and set a $11.00 target price for the company. in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Secureworks presently has a consensus rating of “Hold” and an average target price of $12.95.

Secureworks (SCWX) opened at $9.69 on Friday. The company has a market cap of $785.64, a PE ratio of -17.30 and a beta of 2.41. Secureworks has a fifty-two week low of $8.10 and a fifty-two week high of $12.99.

Secureworks (NASDAQ:SCWX) last posted its earnings results on Wednesday, December 6th. The technology company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The firm had revenue of $117.53 million during the quarter, compared to analysts’ expectations of $115.67 million. Secureworks had a negative net margin of 9.60% and a negative return on equity of 3.95%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) earnings per share. equities analysts anticipate that Secureworks will post -0.43 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Secureworks by 10.9% in the second quarter. Vanguard Group Inc. now owns 869,475 shares of the technology company’s stock valued at $8,078,000 after buying an additional 85,627 shares during the period. FMR LLC acquired a new position in shares of Secureworks in the second quarter valued at approximately $6,863,000. Horrell Capital Management Inc. increased its stake in shares of Secureworks by 33.0% in the fourth quarter. Horrell Capital Management Inc. now owns 544,073 shares of the technology company’s stock valued at $4,826,000 after buying an additional 135,000 shares during the period. Gagnon Securities LLC acquired a new position in shares of Secureworks in the third quarter valued at approximately $5,109,000. Finally, King Luther Capital Management Corp increased its stake in shares of Secureworks by 354.3% in the third quarter. King Luther Capital Management Corp now owns 99,940 shares of the technology company’s stock valued at $1,234,000 after buying an additional 77,940 shares during the period. 8.19% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This article was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://www.dailypolitical.com/2018/02/12/secureworks-scwx-upgraded-by-bidaskclub-to-hold.html.

Secureworks Company Profile

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)

Receive News & Ratings for Secureworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Secureworks and related companies with MarketBeat.com's FREE daily email newsletter.