SecureWorks (NASDAQ:SCWX) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of SecureWorks (NASDAQ:SCWX) in a research report sent to investors on Monday morning. The firm issued a hold rating on the technology company’s stock.

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

SecureWorks Price Performance

SecureWorks stock opened at $8.48 on Monday. SecureWorks has a one year low of $5.61 and a one year high of $9.76. The business has a fifty day moving average price of $8.44 and a 200-day moving average price of $8.05. The firm has a market capitalization of $753.28 million, a P/E ratio of -8.57 and a beta of 0.94.

SecureWorks (NASDAQ:SCWX) last posted its quarterly earnings data on Wednesday, December 4th. The technology company reported ($0.13) earnings per share 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%. Sell-side analysts expect that SecureWorks will post -0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SecureWorks

Several hedge funds have recently modified their holdings of SCWX. Squarepoint Ops LLC acquired a new stake in SecureWorks in the second quarter worth about $121,000. Y.D. More Investments Ltd boosted its position in shares of SecureWorks by 7.9% during 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 during the last quarter. FMR LLC grew its stake 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 buying an additional 3,964 shares during the period. State Street Corp grew its position 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 acquiring an additional 2,300 shares during the period. Finally, DRW Securities LLC acquired a new stake in shares of SecureWorks during the 3rd quarter worth about $407,000. Hedge funds and other 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.