SecureWorks (NASDAQ:SCWX) Research Coverage Started at StockNews.com

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

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

SecureWorks Stock Performance

Shares of SecureWorks stock opened at $8.44 on Friday. SecureWorks has a one year low of $5.61 and a one year high of $9.76. The stock’s fifty day moving average is $8.43 and its 200 day moving average is $8.02. The stock has a market cap of $749.71 million, a P/E ratio of -8.53 and a beta of 0.94.

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

Institutional Trading of SecureWorks

Several institutional investors and hedge funds have recently modified their holdings of SCWX. Geode Capital Management LLC raised its stake in SecureWorks by 14.1% in the third quarter. Geode Capital Management LLC now owns 160,430 shares of the technology company’s stock worth $1,420,000 after buying an additional 19,766 shares in the last quarter. State Street Corp raised its stake in SecureWorks by 5.5% in the third quarter. State Street Corp now owns 44,227 shares of the technology company’s stock worth $391,000 after buying an additional 2,300 shares in the last quarter. Marshall Wace LLP raised its stake in SecureWorks by 11.6% in the second quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock worth $350,000 after buying an additional 5,205 shares in the last quarter. FMR LLC raised its stake in SecureWorks by 22.3% in the third quarter. FMR LLC now owns 21,734 shares of the technology company’s stock worth $192,000 after buying an additional 3,964 shares in the last quarter. Finally, Scalar Gauge Management LLC raised its stake in SecureWorks by 18.8% in the second quarter. Scalar Gauge Management LLC now owns 316,137 shares of the technology company’s stock worth $2,213,000 after buying an additional 50,000 shares in the last quarter. Institutional investors own 14.38% of the company’s stock.

About SecureWorks

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.