-$0.08 Earnings Per Share Expected for Secureworks Corp (SCWX) This Quarter

Equities research analysts predict that Secureworks Corp (NASDAQ:SCWX) will announce earnings per share (EPS) of ($0.08) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Secureworks’ earnings, with estimates ranging from ($0.09) to ($0.08). Secureworks posted earnings of ($0.02) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 300%. The firm is expected to report its next earnings report on Wednesday, April 4th.

On average, analysts expect that Secureworks will report full year earnings of ($0.30) per share for the current year, with EPS estimates ranging from ($0.31) to ($0.29). For the next year, analysts anticipate that the company will report earnings of ($0.18) per share, with EPS estimates ranging from ($0.22) to ($0.14). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Secureworks.

Secureworks (NASDAQ:SCWX) last posted its quarterly earnings data on Wednesday, December 6th. The technology company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. Secureworks had a negative net margin of 9.60% and a negative return on equity of 3.95%. The company had revenue of $117.53 million during the quarter, compared to analyst estimates of $115.67 million. During the same period in the prior year, the firm earned ($0.02) earnings per share. The business’s quarterly revenue was up 9.7% on a year-over-year basis.

A number of research firms have commented on SCWX. BidaskClub raised shares of Secureworks from a “sell” rating to a “hold” rating in a research note on Saturday. Needham & Company LLC began coverage on shares of Secureworks in a research note on Tuesday, January 16th. They set a “hold” rating for the company. Zacks Investment Research lowered shares of Secureworks from a “buy” rating to a “hold” rating in a research note on Wednesday, December 13th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Secureworks in a research note on Friday, December 8th. Finally, KeyCorp reaffirmed a “buy” rating and set a $13.00 price objective on shares of Secureworks in a research note on Thursday, December 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $12.95.

Secureworks (NASDAQ SCWX) traded down $0.17 during mid-day trading on Tuesday, reaching $9.80. 17,274 shares of the company’s stock were exchanged, compared to its average volume of 51,376. Secureworks has a 52 week low of $8.10 and a 52 week high of $12.99. The stock has a market capitalization of $785.64, a price-to-earnings ratio of -17.50 and a beta of 2.41.

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Secureworks in the third quarter worth approximately $111,000. Teachers Advisors LLC lifted its position in shares of Secureworks by 32.2% in the second quarter. Teachers Advisors LLC now owns 12,872 shares of the technology company’s stock worth $120,000 after purchasing an additional 3,135 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Secureworks by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 13,844 shares of the technology company’s stock worth $129,000 after purchasing an additional 1,022 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Secureworks by 15.3% in the second quarter. California State Teachers Retirement System now owns 14,314 shares of the technology company’s stock worth $133,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Secureworks in the third quarter worth approximately $158,000. 8.19% of the stock is owned by institutional investors and hedge funds.

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Secureworks 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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