Wall Street analysts predict that Secureworks Corp (NASDAQ:SCWX) will post ($0.06) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Secureworks’ earnings, with estimates ranging from ($0.06) to ($0.05). Secureworks posted earnings per share of ($0.07) during the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The business is expected to report its next earnings results on Wednesday, September 5th.
On average, analysts expect that Secureworks will report full year earnings of ($0.17) per share for the current financial year, with EPS estimates ranging from ($0.19) to ($0.15). For the next financial year, analysts expect that the company will report earnings of ($0.06) per share, with EPS estimates ranging from ($0.10) to ($0.02). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Secureworks.
Secureworks (NASDAQ:SCWX) last posted its quarterly earnings data on Wednesday, June 6th. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. Secureworks had a negative net margin of 5.76% and a negative return on equity of 5.19%. The business had revenue of $126.16 million for the quarter, compared to analyst estimates of $122.48 million. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. Secureworks’s quarterly revenue was up 10.8% on a year-over-year basis.
Several equities research analysts recently commented on the stock. ValuEngine raised shares of Secureworks from a “hold” rating to a “buy” rating in a research note on Friday, June 8th. Citigroup boosted their price objective on shares of Secureworks from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, June 7th. Stifel Nicolaus boosted their price objective on shares of Secureworks from $9.00 to $10.50 and gave the stock a “hold” rating in a research note on Thursday, June 7th. Zacks Investment Research raised shares of Secureworks from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. Finally, BidaskClub lowered shares of Secureworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $11.88.
NASDAQ:SCWX traded down $0.13 during mid-day trading on Wednesday, hitting $13.09. 204,400 shares of the company’s stock were exchanged, compared to its average volume of 107,195. Secureworks has a one year low of $7.83 and a one year high of $13.38. The firm has a market capitalization of $1.08 billion, a P/E ratio of -29.09 and a beta of 1.51.
A number of institutional investors have recently modified their holdings of the business. Northern Trust Corp raised its holdings in Secureworks by 5.2% in the first quarter. Northern Trust Corp now owns 97,427 shares of the technology company’s stock worth $787,000 after buying an additional 4,794 shares during the last quarter. KBC Group NV raised its holdings in Secureworks by 31.6% in the fourth quarter. KBC Group NV now owns 35,307 shares of the technology company’s stock worth $313,000 after buying an additional 8,474 shares during the last quarter. Deutsche Bank AG raised its holdings in Secureworks by 156.9% in the fourth quarter. Deutsche Bank AG now owns 19,307 shares of the technology company’s stock worth $171,000 after buying an additional 11,791 shares during the last quarter. Gagnon Securities LLC raised its holdings in Secureworks by 4.2% in the fourth quarter. Gagnon Securities LLC now owns 431,251 shares of the technology company’s stock worth $3,825,000 after buying an additional 17,537 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. purchased a new position in Secureworks in the first quarter worth about $158,000. 7.52% of the stock is owned by institutional investors and hedge funds.
Secureworks Company Profile
SecureWorks Corp., through its subsidiaries, provides intelligence-driven information security solutions focused on protecting organizations from cyber-attacks. The company's solutions include managed security, threat intelligence, security and risk consulting, and incident response. Its solutions enable organizations to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond to security incidents, and predict emerging threats.
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