SecureWorks (NASDAQ:SCWX) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of SecureWorks (NASDAQ:SCWX) in a research note released on Tuesday. 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 report on Tuesday, October 22nd.

SecureWorks Stock Performance

Shares of SCWX stock opened at $8.50 on Tuesday. The company has a market capitalization of $755.06 million, a P/E ratio of -8.59 and a beta of 0.94. SecureWorks has a fifty-two week low of $5.61 and a fifty-two week high of $9.76. The stock has a 50 day moving average price of $8.45 and a two-hundred day moving average price of $8.11.

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%. As a group, equities analysts predict that SecureWorks will post -0.29 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new stake in shares of SecureWorks during the 2nd quarter valued at about $121,000. Y.D. More Investments Ltd boosted its position in 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 in the last quarter. FMR LLC grew its holdings in shares of SecureWorks by 22.3% during the 3rd quarter. FMR LLC now owns 21,734 shares of the technology company’s stock worth $192,000 after acquiring an additional 3,964 shares during the period. Empowered Funds LLC bought a new position in shares of SecureWorks in the 4th quarter worth approximately $317,000. Finally, 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. 14.38% of the stock is currently owned by institutional investors.

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.