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SecureWorks (SCWX) Looks Good: Stock Adds 6.4% in Session
SecureWorks Corp. (SCWX - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $11.74 –$13.37 in the past one-month time frame, witnessed a sharp increase yesterday.
The move came after the company reported solid second-quarter fiscal 2020 results.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
SecureWorks Corp. Price
SecureWorks Corp. price | SecureWorks Corp. Quote
SecureWorks currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Computers - IT Services industry may consider CDW Corporation (CDW - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>