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Secureworks price target lowered to $8 from $9 at Barclays

Barclays analyst Saket Kalia lowered the firm’s price target on Secureworks to $8 from $9 and keeps an Underweight rating on the shares. Taegis annual recurring revenue growth of 59% yeaar-over-year drove the total ARR beat and the mix shift in the higher margin software business drove the narrowing EBITDA loss, the analyst tells investors in a research note.

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Published first on TheFly

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