SecureWorks (NASDAQ:SCWX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of SecureWorks (NASDAQ:SCWX) in a research note published on Monday. The brokerage issued a hold rating on the technology company’s stock.

Separately, Needham & Company LLC reiterated a “hold” rating on shares of SecureWorks in a report on Tuesday, October 22nd.

SecureWorks Stock Performance

Shares of SecureWorks stock opened at $8.49 on Monday. The company has a market capitalization of $754.15 million, a PE ratio of -8.58 and a beta of 0.94. SecureWorks has a 12 month low of $5.61 and a 12 month high of $9.76. The stock’s fifty day simple moving average is $8.44 and its 200 day simple moving average is $8.07.

SecureWorks (NASDAQ:SCWX) last issued its quarterly earnings data on Wednesday, December 4th. The technology company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.03). SecureWorks had a negative return on equity of 5.71% and a negative net margin of 25.49%. Analysts predict that SecureWorks will post -0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On SecureWorks

Large investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new position in SecureWorks during the 2nd quarter worth about $121,000. Y.D. More Investments Ltd grew its holdings in shares of SecureWorks by 7.9% in the 4th quarter. Y.D. More Investments Ltd now owns 20,465 shares of the technology company’s stock valued at $173,000 after acquiring an additional 1,501 shares in the last quarter. FMR LLC grew its holdings in shares of SecureWorks by 22.3% in the 3rd quarter. FMR LLC now owns 21,734 shares of the technology company’s stock valued at $192,000 after acquiring an additional 3,964 shares in the last quarter. Empowered Funds LLC bought a new position in shares of SecureWorks in the 4th quarter valued at about $317,000. Finally, State Street Corp grew its holdings in shares of SecureWorks by 5.5% in the 3rd quarter. State Street Corp now owns 44,227 shares of the technology company’s stock valued at $391,000 after acquiring an additional 2,300 shares in the last quarter. Institutional investors own 14.38% of the company’s stock.

SecureWorks Company Profile

SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions; managed security services; and professional services, including incident response and penetration testing services.