Brokerages expect SecureWorks Corp. (NASDAQ:SCWX) to report sales of $115.57 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for SecureWorks Corp.’s earnings, with estimates ranging from $115.30 million to $115.80 million. SecureWorks Corp. posted sales of $107.11 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.9%. The business is expected to issue its next earnings results on Wednesday, December 6th.

According to Zacks, analysts expect that SecureWorks Corp. will report full year sales of $115.57 million for the current year, with estimates ranging from $464.00 million to $464.91 million. For the next financial year, analysts expect that the company will post sales of $509.87 million per share, with estimates ranging from $500.00 million to $527.88 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover SecureWorks Corp..

SecureWorks Corp. (NASDAQ:SCWX) last posted its quarterly earnings results on Wednesday, September 6th. The technology company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. The firm had revenue of $116.27 million for the quarter, compared to analyst estimates of $113.75 million. SecureWorks Corp. had a negative return on equity of 3.32% and a negative net margin of 8.97%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.07) EPS.

A number of research firms have recently weighed in on SCWX. KeyCorp restated a “buy” rating and issued a $15.00 target price on shares of SecureWorks Corp. in a report on Friday, October 6th. J P Morgan Chase & Co restated a “buy” rating on shares of SecureWorks Corp. in a report on Thursday. 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 report on Tuesday, October 3rd. Zacks Investment Research lowered SecureWorks Corp. from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $11.00 target price (up previously from $10.00) on shares of SecureWorks Corp. in a report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $13.70.

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Institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC lifted its holdings in SecureWorks Corp. by 32.2% during the second quarter. Teachers Advisors LLC now owns 12,872 shares of the technology company’s stock worth $120,000 after acquiring an additional 3,135 shares during the period. JPMorgan Chase & Co. lifted its holdings in SecureWorks Corp. by 8.0% during the second quarter. JPMorgan Chase & Co. now owns 13,844 shares of the technology company’s stock worth $129,000 after acquiring an additional 1,022 shares during the period. Renaissance Technologies LLC bought a new stake in SecureWorks Corp. during the first quarter worth $133,000. California State Teachers Retirement System lifted its holdings in SecureWorks Corp. by 15.3% during the second quarter. California State Teachers Retirement System now owns 14,314 shares of the technology company’s stock worth $133,000 after acquiring an additional 1,900 shares during the period. Finally, Goldman Sachs Group Inc. bought a new stake in SecureWorks Corp. during the first quarter worth $147,000. Institutional investors and hedge funds own 7.66% of the company’s stock.

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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