How Analysts Feel About Secureworks Corporation Class A (NASDAQ:SCWX) After Increase in Sellers?

August 15, 2017 - By Max Morgan

The stock of Secureworks Corporation Class A (NASDAQ:SCWX) registered an increase of 39.4% in short interest. SCWX’s total short interest was 664,800 shares in August as published by FINRA. Its up 39.4% from 476,900 shares, reported previously. With 177,700 shares average volume, it will take short sellers 4 days to cover their SCWX’s short positions. The short interest to Secureworks Corporation Class A’s float is 7.07%.

The stock decreased 2.71% or $0.29 on August 15, reaching $10.4. About 86,122 shares traded. Secureworks Corp (NASDAQ:SCWX) has declined 20.57% since August 15, 2016 and is downtrending. It has underperformed by 37.27% the S&P500.

Secureworks Corp. is a holding company. The company has market cap of $843.16 million. The Firm provides intelligence-driven information security solutions. It currently has negative earnings. The Firm is focused on protecting the Company’s clients from cyber-attacks.

Secureworks Corp (NASDAQ:SCWX) Ratings Coverage

Among 12 analysts covering SecureWorks (NASDAQ:SCWX), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. SecureWorks had 16 analyst reports since May 17, 2016 according to SRatingsIntel. The rating was initiated by Citigroup with “Neutral” on Tuesday, May 17. The firm has “Outperform” rating given on Thursday, December 8 by RBC Capital Markets. Credit Suisse initiated Secureworks Corp (NASDAQ:SCWX) rating on Tuesday, May 17. Credit Suisse has “Neutral” rating and $14.50 target. The stock of Secureworks Corp (NASDAQ:SCWX) earned “Neutral” rating by UBS on Tuesday, May 17. Goldman Sachs downgraded the stock to “Neutral” rating in Thursday, March 30 report. The rating was initiated by SunTrust on Tuesday, May 17 with “Buy”. The firm earned “Buy” rating on Tuesday, May 17 by Stifel Nicolaus. On Monday, October 24 the stock rating was initiated by First Analysis with “Equal-Weight”. The firm has “Equal-Weight” rating given on Thursday, March 30 by Barclays Capital. The rating was initiated by RBC Capital Markets on Tuesday, May 17 with “Outperform”.

More notable recent Secureworks Corp (NASDAQ:SCWX) news were published by: Seekingalpha.com which released: “SecureWorks’ (SCWX) CEO Michael Cote on Q4 2017 Results - Earnings Call Transcript” on March 29, 2017, also Seekingalpha.com with their article: “Cyber-Security Revival, Buy SecureWorks Corp.” published on May 16, 2017, Seekingalpha.com published: “SecureWorks Goes Big As First Major Tech IPO Of 2016” on April 19, 2016. More interesting news about Secureworks Corp (NASDAQ:SCWX) were released by: Quotes.Wsj.com and their article: “SecureWorks Inc. Cl A” published on April 16, 2016 as well as Seekingalpha.com‘s news article titled: “2016 IPO Prospects: SecureWorks Is Ready To List” with publication date: April 08, 2016.

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