Yet Another Research Firm has Initiated Coverage on SecureWorks (SCWX)

January 17, 2018 - By Linda Rogers

 Yet Another Research Firm has Initiated Coverage on SecureWorks (SCWX)

How Needham Currently Rates SecureWorks (SCWX)

EU: SecureWorks (SCWX) coverage was started with a Hold rating by professional analysts at Needham. This was sent to clients and investors in an analyst note on Tuesday morning.

SecureWorks Corp. (NASDAQ:SCWX) Ratings Coverage

Among 6 analysts covering SecureWorks (SCWX), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. SecureWorks has $14.0 highest and $12.0 lowest target. $13.25’s average target is 42.17% above currents $9.32 stock price. SecureWorks had 6 analyst reports since December 7, 2017 according to SRatingsIntel. The stock has “Hold” rating by J.P. Morgan on Wednesday, December 6. The stock of SecureWorks Corp. (NASDAQ:SCWX) has “Hold” rating given on Tuesday, January 16 by Needham. As per Wednesday, December 6, the company rating was maintained by Stifel Nicolaus. The stock of SecureWorks Corp. (NASDAQ:SCWX) earned “Neutral” rating by JP Morgan on Thursday, December 7. The stock has “Buy” rating by RBC Capital Markets on Wednesday, December 6. The rating was maintained by KeyBanc Capital Markets with “Buy” on Wednesday, December 6.

The stock increased 1.41% or $0.13 during the last trading session, reaching $9.32. About 8,352 shares traded. SecureWorks Corp. (SCWX) has declined 20.57% since January 17, 2017 and is downtrending. It has underperformed by 37.27% the S&P500.

Analysts await SecureWorks Corp. (NASDAQ:SCWX) to report earnings on April, 4. They expect $-0.11 earnings per share, down 175.00 % or $0.07 from last year’s $-0.04 per share. After $-0.08 actual earnings per share reported by SecureWorks Corp. for the previous quarter, Wall Street now forecasts 37.50 % negative EPS growth.

SecureWorks Corp. provides intelligence-driven information security solutions focused on protecting organizations from cyber-attacks. The company has market cap of $755.64 million. The Company’s solutions enable organizations to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond rapidly to security breaches, and predict emerging threats. It currently has negative earnings. As of February 3, 2017, the firm served approximately 4,400 subscription clients across 61 countries.

More notable recent SecureWorks Corp. (NASDAQ:SCWX) news were published by: Seekingalpha.com which released: “Secureworks’ (SCWX) CEO Michael Cote on Q3 2018 Results – Earnings Call Transcript” on December 06, 2017, also Seekingalpha.com with their article: “Cyber-Security Revival, Buy SecureWorks Corp.” published on May 16, 2017, Streetinsider.com published: “UPDATE: SecureWorks Corp. (SCWX) Tops Q3 EPS by 3c, Beats on Revenues; Offers …” on December 06, 2017. More interesting news about SecureWorks Corp. (NASDAQ:SCWX) were released by: Seekingalpha.com and their article: “Secureworks chief revenue officer is out” published on October 11, 2017 as well as Businesswire.com‘s news article titled: “SecureWorks Reports Second Quarter Fiscal 2018 Results” with publication date: September 06, 2017.

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