$117.71 Million in Sales Expected for Secureworks Corp (SCWX) This Quarter

Equities research analysts expect Secureworks Corp (NASDAQ:SCWX) to report sales of $117.71 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Secureworks’ earnings. The lowest sales estimate is $117.55 million and the highest is $117.81 million. Secureworks reported sales of $118.95 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1%. The company is scheduled to announce its next quarterly earnings report on Wednesday, April 4th.

According to Zacks, analysts expect that Secureworks will report full-year sales of $117.71 million for the current year, with estimates ranging from $465.24 million to $465.50 million. For the next year, analysts expect that the business will report sales of $503.07 million per share, with estimates ranging from $500.00 million to $505.00 million. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Secureworks.

Secureworks (NASDAQ:SCWX) last announced its quarterly earnings data on Wednesday, December 6th. The technology company reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $115.67 million. During the same period in the prior year, the firm posted ($0.02) EPS. Secureworks’s revenue for the quarter was up 9.7% on a year-over-year basis.

Several analysts recently commented on the stock. BidaskClub raised shares of Secureworks from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th. Needham & Company LLC assumed coverage on shares of Secureworks in a research report on Tuesday, January 16th. They set a “hold” rating on the stock. Zacks Investment Research downgraded shares of Secureworks from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. Royal Bank of Canada reissued a “buy” rating on shares of Secureworks in a research report on Friday, December 8th. Finally, KeyCorp reissued a “buy” rating and set a $13.00 price objective on shares of Secureworks in a research report on Thursday, December 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.95.

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Secureworks during the 3rd quarter valued at about $111,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Secureworks during the 3rd quarter valued at about $158,000. Teachers Advisors LLC boosted its holdings in shares of Secureworks by 32.2% during the 2nd quarter. Teachers Advisors LLC now owns 12,872 shares of the technology company’s stock valued at $120,000 after acquiring an additional 3,135 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Secureworks by 8.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,844 shares of the technology company’s stock valued at $129,000 after acquiring an additional 1,022 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Secureworks during the 3rd quarter valued at about $175,000. 8.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Secureworks (NASDAQ SCWX) opened at $9.87 on Thursday. Secureworks has a 1 year low of $8.10 and a 1 year high of $12.99. The company has a market cap of $808.34, a PE ratio of -17.62 and a beta of 2.41.

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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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