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

StockNews.com began coverage on shares of SecureWorks (NASDAQ:SCWX) in a report released on Monday morning. The firm 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 Price Performance

NASDAQ SCWX opened at $8.49 on Monday. The firm has a market cap of $754.15 million, a PE ratio of -8.58 and a beta of 0.94. SecureWorks has a one year low of $5.61 and a one year high of $9.76. The stock’s 50 day simple moving average is $8.44 and its 200 day simple moving average is $8.07.

SecureWorks (NASDAQ:SCWX) last released 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 return on equity of 5.71% and a negative net margin of 25.49%. As a group, equities analysts expect that SecureWorks will post -0.29 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SCWX. Dimensional Fund Advisors LP lifted its holdings in SecureWorks by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 351,763 shares of the technology company’s stock worth $2,462,000 after buying an additional 16,327 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of SecureWorks by 22.3% in the 2nd quarter. Renaissance Technologies LLC now owns 181,540 shares of the technology company’s stock valued at $1,271,000 after purchasing an additional 33,100 shares during the period. Marshall Wace LLP lifted its stake in shares of SecureWorks by 11.6% in the 2nd quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock valued at $350,000 after purchasing an additional 5,205 shares during the period. Squarepoint Ops LLC acquired a new position in shares of SecureWorks in the 2nd quarter valued at $121,000. Finally, Inspire Investing LLC acquired a new position in shares of SecureWorks in the 3rd quarter valued at $449,000. Institutional investors and hedge funds 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.