Stock Worth Mentioning: Could Secureworks Corp Go Up After Achieving All-Time Low?

Stock Worth Mentioning: Could Secureworks Corp Go Up After Achieving All Time Low?

The stock of Secureworks Corp (NASDAQ:SCWX) reached all time low today, Oct, 28 and still has $10.32 target or 8.00% below today’s $11.22 share price. This indicates more downside for the $896.45 million company. This technical setup was reported by Barchart.com. If the $10.32 PT is reached, the company will be worth $71.72 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 61,872 shares traded hands. Secureworks Corp (NASDAQ:SCWX) has risen 6.00% since September 28, 2016 and is uptrending. It has outperformed by 1.29% the S&P500.

Secureworks Corp (NASDAQ:SCWX) Ratings Coverage

Out of 12 analysts covering SecureWorks (NASDAQ:SCWX), 8 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 67% are positive. SecureWorks has been the topic of 12 analyst reports since May 17, 2016 according to StockzIntelligence Inc. As per Monday, October 24, the company rating was initiated by First Analysis. The stock of Secureworks Corp (NASDAQ:SCWX) earned “Outperform” rating by William Blair on Tuesday, May 17. The firm has “Buy” rating given on Tuesday, May 17 by SunTrust. The rating was initiated by Barclays Capital with “Overweight” on Tuesday, May 17. The stock of Secureworks Corp (NASDAQ:SCWX) earned “Buy” rating by Goldman Sachs on Tuesday, May 17. The rating was initiated by UBS on Tuesday, May 17 with “Neutral”. The stock has “Neutral” rating given by Citigroup on Tuesday, May 17. The stock has “Buy” rating given by Bank of America on Tuesday, May 17. The firm has “Overweight” rating given on Tuesday, May 17 by JP Morgan. The firm earned “Neutral” rating on Tuesday, May 17 by Credit Suisse.

According to Zacks Investment Research, “SecureWorks Corp. offers intelligence-driven information security solutions focused on protecting from cyber-attacks. 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. Its integrated suite of solutions include managed security, threat intelligence, security and risk consulting as well as incident response. SecureWorks Corp. is based in Atlanta, Georgia.”

More important recent Secureworks Corp (NASDAQ:SCWX) news were published by: Reuters.com which released: “SecureWorks raises $112 million in year’s first technology IPO” on April 21, 2016, also Wsj.com published article titled: “Dell’s SecureWorks Aims to Launch IPO in April”, Reuters.com published: “Dell’s SecureWorks valued at $1.42 billion in year’s first tech IPO” on April 11, 2016. More interesting news about Secureworks Corp (NASDAQ:SCWX) was released by: Wsj.com and their article: “SecureWorks Files for IPO” with publication date: December 17, 2015.

SCWX Company Profile

Secureworks Corp. is a well-known provider of intelligence-driven information security solutions focused on protecting its clients from cyber-attacks. 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. The Company’s integrated suite of solutions include managed security, threat intelligence, security and risk consulting, and incident response. The solutions leverage its technologies and processes in the information security industry. The Company’s solutions support the needs of the enterprises staffed with in-house security experts, as well as small and medium-sized businesses and government agencies with limited in-house capabilities and resources. The Firm serves over 4,100 clients in approximately 60 countries. The Company’s intelligence-driven information security solutions prevent, detect, respond to and predict cybersecurity breaches.

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