Brokerages Expect SecureWorks Corp. (SCWX) to Post -$0.11 Earnings Per Share

Equities research analysts predict that SecureWorks Corp. (NASDAQ:SCWX) will post ($0.11) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for SecureWorks Corp.’s earnings, with the highest EPS estimate coming in at ($0.10) and the lowest estimate coming in at ($0.11). SecureWorks Corp. reported earnings per share of ($0.09) in the same quarter last year, which indicates a negative year over year growth rate of 22.2%. The company is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that SecureWorks Corp. will report full-year earnings of ($0.43) per share for the current financial year, with EPS estimates ranging from ($0.45) to ($0.39). For the next financial year, analysts anticipate that the firm will post earnings of ($0.25) per share, with EPS estimates ranging from ($0.33) to ($0.20). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for SecureWorks Corp..

SecureWorks Corp. (NASDAQ:SCWX) last posted its quarterly earnings results on Tuesday, June 6th. The technology company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.02. The business had revenue of $113.70 million for the quarter, compared to the consensus estimate of $110.70 million. SecureWorks Corp. had a negative net margin of 9.21% and a negative return on equity of 3.82%. SecureWorks Corp.’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.09) earnings per share.

Several research firms have recently issued reports on SCWX. Barclays PLC reissued a “hold” rating and set a $11.00 target price on shares of SecureWorks Corp. in a research note on Wednesday, June 7th. UBS AG reissued a “neutral” rating and set a $11.00 target price (down from $12.00) on shares of SecureWorks Corp. in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. SecureWorks Corp. has a consensus rating of “Hold” and an average price target of $13.90.

Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new stake in SecureWorks Corp. during the first quarter valued at about $133,000. Vanguard Group Inc. raised its stake in SecureWorks Corp. by 9.6% in the first quarter. Vanguard Group Inc. now owns 783,848 shares of the technology company’s stock valued at $7,447,000 after buying an additional 68,479 shares during the last quarter. Alliancebernstein L.P. raised its stake in SecureWorks Corp. by 1.0% in the first quarter. Alliancebernstein L.P. now owns 20,100 shares of the technology company’s stock valued at $191,000 after buying an additional 200 shares during the last quarter. Blair William & Co. IL raised its stake in SecureWorks Corp. by 28.9% in the first quarter. Blair William & Co. IL now owns 25,996 shares of the technology company’s stock valued at $271,000 after buying an additional 5,833 shares during the last quarter. Finally, KBC Group NV raised its stake in SecureWorks Corp. by 188.0% in the first quarter. KBC Group NV now owns 31,675 shares of the technology company’s stock valued at $301,000 after buying an additional 20,675 shares during the last quarter. 60.83% of the stock is currently owned by institutional investors and hedge funds.

SecureWorks Corp. (SCWX) traded up 1.19% during midday trading on Friday, reaching $11.07. The company’s stock had a trading volume of 60,993 shares. SecureWorks Corp. has a one year low of $8.25 and a one year high of $15.80. The stock’s market cap is $897.48 million. The stock’s 50 day moving average price is $9.99 and its 200-day moving average price is $10.16.

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SecureWorks Corp. Company Profile

Secureworks Corp. is a holding company. The Company provides intelligence-driven information security solutions. The Company is focused on protecting the Company’s clients from cyber-attacks. The Company’s solutions enable companies 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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