SecureWorks (NASDAQ:SCWX) Research Coverage Started at StockNews.com

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

SecureWorks Stock Performance

SCWX opened at $8.51 on Thursday. The firm’s fifty day moving average is $8.47 and its 200 day moving average is $8.20. The stock has a market cap of $755.94 million, a price-to-earnings ratio of -8.60 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.

SecureWorks (NASDAQ:SCWX) last issued its earnings results on Wednesday, December 4th. The technology company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). SecureWorks had a negative return on equity of 5.71% and a negative net margin of 25.49%. On average, equities research analysts predict that SecureWorks will post -0.29 earnings per share for the current year.

Institutional Trading of SecureWorks

A number of large investors have recently made changes to their positions in the business. Retirement Solution LLC bought a new stake in shares of SecureWorks in the 4th quarter worth about $85,000. Balyasny Asset Management L.P. bought a new position in SecureWorks during the 4th quarter worth about $103,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in SecureWorks during the fourth quarter valued at approximately $169,000. Y.D. More Investments Ltd increased its holdings in shares of SecureWorks by 7.9% in 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 during the period. Finally, FMR LLC grew its stake in SecureWorks by 22.3% in the third quarter. FMR LLC now owns 21,734 shares of the technology company’s stock valued at $192,000 after purchasing an additional 3,964 shares during the last quarter. 14.38% of the stock is currently owned by institutional investors.

About SecureWorks

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.