SecureWorks (NASDAQ:SCWX) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of SecureWorks (NASDAQ:SCWX) in a report published on Saturday. The firm issued a hold rating on the technology company’s stock.

SecureWorks Price Performance

NASDAQ SCWX opened at $8.51 on Friday. The stock’s 50 day moving average is $8.48 and its 200 day moving average is $8.29. SecureWorks has a twelve month low of $5.61 and a twelve month high of $9.76. The firm has a market capitalization of $755.94 million, a PE ratio of -8.60 and a beta of 0.94.

SecureWorks (NASDAQ:SCWX) last released its earnings results on Wednesday, December 4th. The technology company reported ($0.13) EPS for the quarter, missing the consensus estimate 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, research analysts anticipate that SecureWorks will post -0.29 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Retirement Solution LLC purchased a new position in shares of SecureWorks in the fourth quarter worth $85,000. Balyasny Asset Management L.P. purchased a new position in shares of SecureWorks in the fourth quarter worth $103,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of SecureWorks in the fourth quarter worth $169,000. Y.D. More Investments Ltd raised its stake in shares of SecureWorks by 7.9% in the fourth quarter. Y.D. More Investments Ltd now owns 20,465 shares of the technology company’s stock worth $173,000 after purchasing an additional 1,501 shares during the last quarter. Finally, FMR LLC raised its stake in shares of SecureWorks by 22.3% in the third quarter. FMR LLC now owns 21,734 shares of the technology company’s stock worth $192,000 after purchasing an additional 3,964 shares during the last quarter. Hedge funds and other institutional investors own 14.38% of the company’s stock.

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.