SecureWorks Corp. (SCWX) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of SecureWorks Corp. (NASDAQ:SCWX) from a sell rating to a hold rating in a research report report published on Wednesday.

According to Zacks, “SecureWorks Corp. offers intelligence-driven information security solutions focused on protecting 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. Its integrated suite of solutions include managed security, threat intelligence, security and risk consulting as well as incident response. SecureWorks Corp. is based in Atlanta, Georgia. “

Several other analysts also recently issued reports on SCWX. Citigroup Inc. restated a neutral rating and issued a $11.00 price objective (up from $10.00) on shares of SecureWorks Corp. in a research report on Thursday, September 7th. Royal Bank Of Canada restated an outperform rating and issued a $15.00 price objective (up from $13.00) on shares of SecureWorks Corp. in a research report on Tuesday, October 3rd. KeyCorp restated a buy rating and issued a $15.00 price objective on shares of SecureWorks Corp. in a research report on Friday, October 6th. J P Morgan Chase & Co reiterated a buy rating on shares of SecureWorks Corp. in a research report on Thursday, October 12th. Finally, Barclays PLC downgraded SecureWorks Corp. from an equal weight rating to an underweight rating and set a $11.00 target price on the stock. in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $13.67.

SecureWorks Corp. (NASDAQ:SCWX) traded down $0.04 on Wednesday, reaching $9.67. The company’s stock had a trading volume of 41,740 shares, compared to its average volume of 102,893. SecureWorks Corp. has a one year low of $8.25 and a one year high of $12.99.

SecureWorks Corp. (NASDAQ:SCWX) last posted its earnings results on Wednesday, September 6th. The technology company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. SecureWorks Corp. had a negative return on equity of 3.32% and a negative net margin of 8.97%. The company had revenue of $116.27 million for the quarter, compared to analyst estimates of $113.75 million. During the same quarter in the prior year, the company earned ($0.07) earnings per share. SecureWorks Corp.’s revenue was up 11.9% compared to the same quarter last year. equities analysts predict that SecureWorks Corp. will post -0.45 EPS for the current year.

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Several hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. grew its stake in shares of SecureWorks Corp. by 1.0% in the first quarter. Alliancebernstein L.P. now owns 20,100 shares of the technology company’s stock valued at $191,000 after buying an additional 200 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of SecureWorks Corp. by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 21,098 shares of the technology company’s stock valued at $201,000 after buying an additional 423 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of SecureWorks Corp. by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 13,844 shares of the technology company’s stock valued at $129,000 after buying an additional 1,022 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of SecureWorks Corp. by 15.3% in the second quarter. California State Teachers Retirement System now owns 14,314 shares of the technology company’s stock valued at $133,000 after buying an additional 1,900 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in shares of SecureWorks Corp. by 32.2% in the second quarter. Teachers Advisors LLC now owns 12,872 shares of the technology company’s stock valued at $120,000 after buying an additional 3,135 shares in the last quarter. Institutional investors and hedge funds own 7.55% of the company’s stock.

About SecureWorks Corp.

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 Corp. (NASDAQ:SCWX)

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