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

Stock analysts at StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the technology company’s stock.

SecureWorks Stock Performance

Shares of SecureWorks stock opened at $8.51 on Thursday. The business’s fifty day moving average price is $8.47 and its 200 day moving average price is $8.18. SecureWorks has a twelve month low of $5.61 and a twelve month high of $9.76. The stock has a market capitalization of $755.94 million, a P/E ratio of -8.60 and a beta of 0.94.

SecureWorks (NASDAQ:SCWX) last released 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 net margin of 25.49% and a negative return on equity of 5.71%. As a group, sell-side analysts predict that SecureWorks will post -0.29 EPS for the current year.

Institutional Investors Weigh In On SecureWorks

Several large investors have recently made changes to their positions in SCWX. Royce & Associates LP lifted its holdings in shares of SecureWorks by 2.5% during the 3rd quarter. Royce & Associates LP now owns 1,324,543 shares of the technology company’s stock valued at $11,722,000 after acquiring an additional 32,929 shares in the last quarter. Gardner Lewis Asset Management L P purchased a new position in SecureWorks in the fourth quarter valued at about $10,795,000. FIL Ltd acquired a new position in shares of SecureWorks during the fourth quarter worth about $6,392,000. Alpine Associates Management Inc. purchased a new stake in shares of SecureWorks in the fourth quarter worth about $5,273,000. Finally, Alberta Investment Management Corp acquired a new stake in shares of SecureWorks in the fourth quarter valued at about $5,076,000. 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.