Secureworks (NASDAQ:SCWX) Cut to “Sell” at BidaskClub

BidaskClub downgraded shares of Secureworks (NASDAQ:SCWX) from a hold rating to a sell rating in a research report report published on Friday, BidAskClub reports.

A number of other research firms have also weighed in on SCWX. Barclays reaffirmed a sell rating and issued a $13.00 price objective on shares of Secureworks in a research note on Thursday, June 6th. Morgan Stanley set a $14.00 price objective on shares of Secureworks and gave the stock a hold rating in a report on Thursday, June 6th. ValuEngine downgraded shares of Secureworks from a buy rating to a hold rating in a report on Saturday, September 14th. Zacks Investment Research upgraded shares of Secureworks from a hold rating to a buy rating and set a $16.00 price objective for the company in a report on Thursday, September 12th. Finally, TheStreet downgraded shares of Secureworks from a c- rating to a d+ rating in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Secureworks currently has an average rating of Hold and an average price target of $15.08.

Shares of NASDAQ SCWX opened at $12.34 on Friday. The firm has a market cap of $1.14 billion, a PE ratio of -77.13 and a beta of 1.12. Secureworks has a 12-month low of $10.37 and a 12-month high of $24.91. The company’s fifty day simple moving average is $12.12 and its 200 day simple moving average is $15.21. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04.



Secureworks (NASDAQ:SCWX) last issued its earnings results on Thursday, September 5th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.09. Secureworks had a negative net margin of 6.38% and a negative return on equity of 1.61%. The business had revenue of $136.60 million for the quarter, compared to analyst estimates of $133.02 million. During the same period in the prior year, the firm earned ($0.01) earnings per share. Secureworks’s revenue was up 6.1% on a year-over-year basis. On average, equities analysts predict that Secureworks will post -0.3 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of SCWX. BNP Paribas Arbitrage SA increased its holdings in Secureworks by 363.6% during the first quarter. BNP Paribas Arbitrage SA now owns 1,947 shares of the technology company’s stock worth $36,000 after buying an additional 1,527 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Secureworks in the first quarter worth about $137,000. First Trust Advisors LP purchased a new position in shares of Secureworks in the first quarter worth about $3,519,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Secureworks in the first quarter worth about $65,000. Finally, Meitav Dash Investments Ltd. increased its stake in shares of Secureworks by 31.4% in the first quarter. Meitav Dash Investments Ltd. now owns 20,082 shares of the technology company’s stock worth $354,000 after purchasing an additional 4,804 shares in the last quarter. Institutional investors and hedge funds own 10.65% of the company’s stock.

About Secureworks

SecureWorks Corp., a cybersecurity company, provides an integrated suite of intelligence-driven information security solutions focused on protecting organizations worldwide. The company's solutions include managed security, threat intelligence, security and risk consulting, and incident response.

Featured Story: Google Finance

Analyst Recommendations for Secureworks (NASDAQ:SCWX)

Receive News & Ratings for Secureworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Secureworks and related companies with MarketBeat.com's FREE daily email newsletter.