First Analysis downgraded shares of Secureworks (NASDAQ:SCWX) from an outperform rating to a neutral rating in a research note published on Thursday morning, Marketbeat Ratings reports. First Analysis currently has $17.00 target price on the technology company’s stock, up from their prior target price of $14.00.

A number of other analysts have also commented on SCWX. UBS Group lowered shares of Secureworks from a neutral rating to a sell rating and set a $11.00 target price for the company. in a report on Friday, August 24th. Morgan Stanley lifted their price objective on Secureworks from $14.00 to $15.00 and gave the stock a buy rating in a research note on Thursday, September 6th. Stifel Nicolaus lifted their price objective on Secureworks from $10.50 to $11.50 and gave the stock a hold rating in a research note on Thursday, September 6th. BidaskClub raised Secureworks from a hold rating to a buy rating in a research note on Thursday, September 27th. Finally, Zacks Investment Research cut Secureworks from a buy rating to a hold rating in a research note on Wednesday, November 7th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Hold and an average price target of $13.33.

Shares of NASDAQ:SCWX opened at $15.64 on Thursday. Secureworks has a one year low of $7.83 and a one year high of $18.97. The company has a market cap of $1.28 billion, a PE ratio of -34.76 and a beta of 0.35.

Secureworks (NASDAQ:SCWX) last issued its quarterly earnings results on Thursday, December 6th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.11. Secureworks had a negative net margin of 3.43% and a negative return on equity of 3.31%. The company had revenue of $133.06 million during the quarter, compared to analysts’ expectations of $130.52 million. During the same quarter in the previous year, the company earned ($0.06) EPS. Secureworks’s revenue was up 13.6% on a year-over-year basis. Research analysts expect that Secureworks will post -0.34 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Secureworks by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 765,568 shares of the technology company’s stock valued at $11,216,000 after buying an additional 15,442 shares during the period. Royce & Associates LP grew its stake in Secureworks by 49.0% in the third quarter. Royce & Associates LP now owns 694,948 shares of the technology company’s stock valued at $10,181,000 after acquiring an additional 228,475 shares during the period. Legal & General Group Plc grew its stake in Secureworks by 66,527.0% in the third quarter. Legal & General Group Plc now owns 685,592 shares of the technology company’s stock valued at $10,044,000 after acquiring an additional 684,563 shares during the period. Gagnon Securities LLC grew its stake in Secureworks by 8.2% in the third quarter. Gagnon Securities LLC now owns 568,056 shares of the technology company’s stock valued at $8,322,000 after acquiring an additional 43,093 shares during the period. Finally, BlackRock Inc. grew its stake in Secureworks by 27.8% in the second quarter. BlackRock Inc. now owns 425,529 shares of the technology company’s stock valued at $5,299,000 after acquiring an additional 92,683 shares during the period. Hedge funds and other institutional investors own 9.56% of the company’s stock.

Secureworks Company Profile

SecureWorks Corp., through its subsidiaries, provides intelligence-driven information security solutions focused on protecting organizations from cyber-attacks. The company's solutions include managed security, threat intelligence, security and risk consulting, and incident response. Its solutions enable organizations 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.

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Analyst Recommendations for Secureworks (NASDAQ:SCWX)

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