SecureWorks (NASDAQ:SCWX) announced its quarterly earnings data on Wednesday. The technology company reported ($0.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.03, reports. SecureWorks had a negative return on equity of 3.32% and a negative net margin of 8.97%. The company had revenue of $117.53 million during the quarter, compared to the consensus estimate of $115.67 million. During the same quarter last year, the company earned ($0.02) EPS. The company’s quarterly revenue was up 9.7% on a year-over-year basis.

Shares of SecureWorks (SCWX) opened at $9.04 on Thursday. SecureWorks has a twelve month low of $8.25 and a twelve month high of $12.99.

A number of analysts have commented on the company. KeyCorp reiterated a “buy” rating and issued a $15.00 price objective on shares of SecureWorks in a research report on Friday, October 6th. J P Morgan Chase & Co reiterated a “buy” rating on shares of SecureWorks in a research report on Thursday, October 12th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $15.00 price objective (up previously from $13.00) on shares of SecureWorks in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded SecureWorks from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Finally, Barclays downgraded SecureWorks from an “equal weight” rating to an “underweight” rating and set a $11.00 price objective for the company. in a research report on Friday, October 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.67.

A hedge fund recently raised its stake in SecureWorks stock. State Street Corp grew its position in SecureWorks Corp. (NASDAQ:SCWX) by 13.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 78,624 shares of the technology company’s stock after buying an additional 9,417 shares during the period. State Street Corp owned 0.10% of SecureWorks worth $731,000 at the end of the most recent reporting period. Institutional investors own 7.96% of the company’s stock.

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About SecureWorks

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.

Earnings History for SecureWorks (NASDAQ:SCWX)

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