Monday, November 20, 2017

© Reuters.  Barclays downgrades SecureWorks on key metrics; shares -7%© Reuters. Barclays downgrades SecureWorks on key metrics; shares -7%

  • Barclays (LON:BARC) downgrades SecureWorks (NASDAQ:SCWX) from Equal Weight to Underweight with a $11 price target.
  • The firm cites the loss of SecureWorks’ sales head, reexamined valuation transition to EV/EBITDA, and weak key metrics like revenue retention despite health in the managed security services market.
  • SecureWorks shares are down 7.06%.
  • Previously: Secureworks chief revenue officer is out (Oct. 11)
  • Now read: Is Palo Alto Networks Getting Ready For An Acquisition Spree?

Original article

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