SecureWorks (SCWX) Reaching An Inflection Point; Needham Coverage Initiated as “Hold”

January 17, 2018 - By Dolores Ford

 SecureWorks (SCWX) Reaching An Inflection Point; Needham Coverage Initiated as

How Needham Currently Rates SecureWorks (SCWX)

Equities researchers at Needham has begun coverage SecureWorks (SCWX) shares in a research note issued to clients and investors on Tuesday morning, IR.net reports. The firm has set a “Hold” rating on SCWX stock.

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 of SecureWorks Corp. (NASDAQ:SCWX) has “Hold” rating given on Tuesday, January 16 by Needham. The firm earned “Hold” rating on Wednesday, December 6 by J.P. Morgan. The stock of SecureWorks Corp. (NASDAQ:SCWX) has “Neutral” rating given on Thursday, December 7 by JP Morgan. The rating was maintained by KeyBanc Capital Markets on Wednesday, December 6 with “Buy”. The firm earned “Buy” rating on Wednesday, December 6 by Stifel Nicolaus. The firm has “Buy” rating given on Wednesday, December 6 by RBC Capital Markets.

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 EPS, down 175.00 % or $0.07 from last year’s $-0.04 per share. After $-0.08 actual EPS 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 chief revenue officer is out” on October 11, 2017, also Streetinsider.com with their article: “SecureWorks Corp. (SCWX) Reports Departure of Chief Revenue Officer Jason Capitel” published on October 11, 2017, Seekingalpha.com published: “SecureWorks’ (SCWX) CEO Michael Cote on Q1 2018 Results – Earnings Call Transcript” on June 06, 2017. More interesting news about SecureWorks Corp. (NASDAQ:SCWX) were released by: Streetinsider.com and their article: “UPDATE: SecureWorks Corp. (SCWX) Tops Q3 EPS by 3c, Beats on Revenues; Offers …” published on December 06, 2017 as well as Seekingalpha.com‘s news article titled: “Cyber-Security Revival, Buy SecureWorks Corp.” with publication date: May 16, 2017.

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