In a report released today, Melissa Franchi from Morgan Stanley maintained a Buy rating on SecureWorks Corp (NASDAQ: SCWX), with a price target of $15. The company’s shares closed yesterday at $12.64.
According to TipRanks.com, Franchi is ranked #4448 out of 4873 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for SecureWorks Corp with a $12.50 average price target.
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Based on SecureWorks Corp’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $9.77 million. In comparison, last year the company had a GAAP net loss of $12.12 million.
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SecureWorks Corp. is a cybersecurity company, which delivers information security solutions. Its SecureWorks Counter Threat Platform is a SaaS-based early-warning system that delivers insights and deploys countermeasures derived from analytics and applied intelligence. The company prevents security breaches and detects malicious activity in real time.
