Equities research analysts expect Secureworks Corp (NASDAQ:SCWX) to post sales of $136.26 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Secureworks’ earnings, with estimates ranging from $136.01 million to $136.50 million. Secureworks reported sales of $133.06 million during the same quarter last year, which indicates a positive year over year growth rate of 2.4%. The firm is scheduled to issue its next quarterly earnings report on Thursday, December 5th.
On average, analysts expect that Secureworks will report full year sales of $543.48 million for the current year, with estimates ranging from $542.44 million to $544.00 million. For the next financial year, analysts expect that the firm will report sales of $577.31 million, with estimates ranging from $570.00 million to $586.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Secureworks.
Secureworks (NASDAQ:SCWX) last issued its earnings results on Thursday, September 5th. The technology company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.09. The firm had revenue of $136.60 million during the quarter, compared to analyst estimates of $133.02 million. Secureworks had a negative net margin of 6.38% and a negative return on equity of 1.61%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.01) earnings per share.
A number of equities analysts have recently commented on SCWX shares. BidaskClub lowered shares of Secureworks from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. TheStreet lowered shares of Secureworks from a “c-” rating to a “d+” rating in a research report on Wednesday, August 7th. Zacks Investment Research upgraded shares of Secureworks from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Thursday, September 12th. Finally, ValuEngine lowered shares of Secureworks from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $15.08.
NASDAQ:SCWX traded up $0.13 on Thursday, reaching $12.18. 358,027 shares of the company’s stock were exchanged, compared to its average volume of 187,052. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -76.13 and a beta of 1.13. Secureworks has a 52 week low of $10.37 and a 52 week high of $24.91. The stock has a fifty day simple moving average of $12.78 and a 200-day simple moving average of $14.27.
Several hedge funds have recently added to or reduced their stakes in SCWX. Cubist Systematic Strategies LLC bought a new stake in Secureworks during the second quarter valued at approximately $167,000. Swiss National Bank bought a new stake in Secureworks during the second quarter valued at approximately $195,000. Susquehanna International Group LLP lifted its position in Secureworks by 284.3% during the second quarter. Susquehanna International Group LLP now owns 20,826 shares of the technology company’s stock valued at $277,000 after purchasing an additional 32,126 shares during the last quarter. SG Americas Securities LLC lifted its position in Secureworks by 266.0% during the second quarter. SG Americas Securities LLC now owns 27,269 shares of the technology company’s stock valued at $362,000 after purchasing an additional 19,819 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Secureworks during the second quarter worth approximately $480,000. Institutional investors own 9.36% of the company’s stock.
Secureworks Company Profile
SecureWorks Corp., a cybersecurity company, provides an integrated suite of intelligence-driven information security solutions focused on protecting organizations worldwide. The company's solutions include managed security, threat intelligence, security and risk consulting, and incident response.
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