SecureWorks Corp. (SCWX) Expected to Post Earnings of -$0.09 Per Share
Analysts predict that SecureWorks Corp. (NASDAQ:SCWX) will post ($0.09) earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for SecureWorks Corp.’s earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at ($0.08). SecureWorks Corp. posted earnings per share of ($0.02) in the same quarter last year, which would indicate a negative year over year growth rate of 350%. The company is scheduled to issue its next quarterly earnings results on Wednesday, December 6th.
According to Zacks, analysts expect that SecureWorks Corp. will report full-year earnings of ($0.31) per share for the current financial year, with EPS estimates ranging from ($0.32) to ($0.30). For the next fiscal year, analysts forecast that the business will report earnings of ($0.15) per share, with EPS estimates ranging from ($0.25) to ($0.09). Zacks’ EPS averages are an average based on a survey of sell-side analysts that cover SecureWorks Corp..
SecureWorks Corp. (NASDAQ:SCWX) last announced its quarterly earnings data on Wednesday, September 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.01. The business had revenue of $116.27 million for the quarter, compared to analysts’ expectations of $113.75 million. SecureWorks Corp. had a negative return on equity of 3.32% and a negative net margin of 8.97%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) earnings per share.
SCWX has been the topic of a number of recent analyst reports. Citigroup Inc. reiterated a “neutral” rating and issued a $11.00 price objective (up previously from $10.00) on shares of SecureWorks Corp. in a report on Thursday, September 7th. Zacks Investment Research upgraded shares of SecureWorks Corp. from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $15.00 target price (up previously from $13.00) on shares of SecureWorks Corp. in a research note on Tuesday, October 3rd. Finally, KeyCorp restated a “buy” rating and issued a $15.00 target price on shares of SecureWorks Corp. in a research note on Friday, October 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $13.70.
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Several institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. raised its stake in shares of SecureWorks Corp. by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 20,100 shares of the technology company’s stock valued at $191,000 after purchasing an additional 200 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of SecureWorks Corp. by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 21,098 shares of the technology company’s stock valued at $201,000 after purchasing an additional 423 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of SecureWorks Corp. by 8.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,844 shares of the technology company’s stock valued at $129,000 after purchasing an additional 1,022 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of SecureWorks Corp. by 15.3% in the 2nd quarter. California State Teachers Retirement System now owns 14,314 shares of the technology company’s stock valued at $133,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of SecureWorks Corp. by 32.2% in the 2nd quarter. Teachers Advisors LLC now owns 12,872 shares of the technology company’s stock valued at $120,000 after purchasing an additional 3,135 shares in the last quarter. Institutional investors and hedge funds own 7.66% of the company’s stock.
SecureWorks Corp. (NASDAQ SCWX) traded up 0.24% during trading on Wednesday, reaching $12.41. The company had a trading volume of 30,781 shares. SecureWorks Corp. has a 52-week low of $8.25 and a 52-week high of $12.99. The stock has a 50 day moving average price of $12.21 and a 200-day moving average price of $12.21. The company’s market capitalization is $137.44 million.
About SecureWorks Corp.
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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