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

StockNews.com assumed coverage on shares of SecureWorks (NASDAQ:SCWX) in a research note issued to investors on Thursday morning. The firm issued a hold rating on the technology company’s stock.

SecureWorks Price Performance

SCWX stock opened at $8.51 on Thursday. The firm has a market capitalization of $755.94 million, a PE ratio of -8.60 and a beta of 0.94. The stock’s 50 day moving average is $8.47 and its 200-day moving average is $8.18. SecureWorks has a twelve month low of $5.61 and a twelve month high of $9.76.

SecureWorks (NASDAQ:SCWX) last issued 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%. On average, equities research analysts anticipate that SecureWorks will post -0.29 earnings per share for the current fiscal year.

Institutional Trading of SecureWorks

A number of institutional investors and hedge funds have recently modified their holdings of SCWX. Kovack Advisors Inc. increased its position in SecureWorks by 12.7% in the third quarter. Kovack Advisors Inc. now owns 327,516 shares of the technology company’s stock worth $2,899,000 after buying an additional 36,816 shares during the last quarter. Brooktree Capital Management boosted its stake in SecureWorks by 9.9% during the third quarter. Brooktree Capital Management now owns 174,191 shares of the technology company’s stock valued at $1,542,000 after buying an additional 15,680 shares during the period. Royce & Associates LP boosted its stake in SecureWorks by 2.5% during the third quarter. Royce & Associates LP now owns 1,324,543 shares of the technology company’s stock valued at $11,722,000 after buying an additional 32,929 shares during the period. Gladius Capital Management LP bought a new stake in SecureWorks during the third quarter worth about $463,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in SecureWorks by 37.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,754 shares of the technology company’s stock worth $555,000 after purchasing an additional 17,077 shares during the last quarter. 14.38% of the stock is owned by hedge funds and other 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.