SecureWorks (SCWX) Releases Earnings Results
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, Briefing.com 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.
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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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