TheStreet upgraded shares of Secureworks (NASDAQ:SCWX) from a d+ rating to a c- rating in a research note published on Monday, TheStreetRatingsTable reports.
A number of other brokerages also recently issued reports on SCWX. BidaskClub raised shares of Secureworks from a buy rating to a strong-buy rating in a report on Monday, February 4th. Bank of America reaffirmed an underperform rating and set a $12.50 price target (up previously from $10.50) on shares of Secureworks in a report on Tuesday, February 5th. Finally, Zacks Investment Research downgraded shares of Secureworks from a buy rating to a hold rating in a report on Saturday, March 2nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $15.44.
Shares of NASDAQ SCWX opened at $18.63 on Monday. The stock has a market cap of $1.53 billion, a PE ratio of -116.44 and a beta of 1.05. Secureworks has a 52-week low of $10.20 and a 52-week high of $24.91.
Secureworks (NASDAQ:SCWX) last announced its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. The firm had revenue of $130.70 million for the quarter, compared to the consensus estimate of $132.62 million. Secureworks had a negative net margin of 7.54% and a negative return on equity of 1.85%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.09) EPS. As a group, sell-side analysts forecast that Secureworks will post -0.29 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its stake in shares of Secureworks by 363.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,947 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,527 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Secureworks by 59.7% in the 4th quarter. Acadian Asset Management LLC now owns 5,771 shares of the technology company’s stock worth $97,000 after purchasing an additional 2,157 shares during the period. Sun Life Financial INC lifted its stake in shares of Secureworks by 136.2% in the 4th quarter. Sun Life Financial INC now owns 7,774 shares of the technology company’s stock worth $131,000 after purchasing an additional 4,483 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Secureworks by 138.6% in the 4th quarter. New York State Common Retirement Fund now owns 10,500 shares of the technology company’s stock worth $177,000 after purchasing an additional 6,100 shares during the period. Finally, D. E. Shaw & Co. Inc. bought a new position in shares of Secureworks in the 4th quarter worth approximately $203,000. 10.83% of the stock is currently owned by hedge funds and other institutional investors.
SecureWorks Corp., a cybersecurity company, provides an integrated suite of intelligence-driven information security solutions focused on protecting organizations worldwide. The company's solutions include managed security, threat intelligence, security and risk consulting, and incident response.
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