SecureWorks (NASDAQ:SCWX) Posts Earnings Results

SecureWorks (NASDAQ:SCWXGet Free Report) issued its quarterly earnings data on Thursday. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01, reports. The company had revenue of $85.65 million during the quarter, compared to analysts’ expectations of $83.95 million. SecureWorks had a negative return on equity of 5.91% and a negative net margin of 25.52%. SecureWorks updated its FY 2025 guidance to 0.050-0.110 EPS and its Q2 2025 guidance to 0.000-0.020 EPS.

SecureWorks Stock Performance

Shares of NASDAQ:SCWX opened at $6.36 on Friday. SecureWorks has a twelve month low of $5.40 and a twelve month high of $8.20. The business has a fifty day moving average of $6.07 and a 200-day moving average of $6.41.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a “hold” rating on shares of SecureWorks in a research note on Thursday.

Read Our Latest Research Report on SCWX

Insider Activity

In other news, major shareholder Neil Gagnon acquired 13,798 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was purchased at an average cost of $5.99 per share, for a total transaction of $82,650.02. Following the completion of the transaction, the insider now directly owns 610,947 shares in the company, valued at $3,659,572.53. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 81.50% of the stock is currently owned by corporate insiders.

Institutional Trading of SecureWorks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. increased its position in SecureWorks by 95.3% in the third quarter. Citigroup Inc. now owns 9,700 shares of the technology company’s stock worth $60,000 after purchasing an additional 4,734 shares during the period. Y.D. More Investments Ltd grew its position in shares of SecureWorks by 32.6% during the 4th quarter. Y.D. More Investments Ltd now owns 24,963 shares of the technology company’s stock worth $184,000 after buying an additional 6,134 shares during the period. Quadrature Capital Ltd grew its position in shares of SecureWorks by 56.6% during the 3rd quarter. Quadrature Capital Ltd now owns 25,377 shares of the technology company’s stock worth $158,000 after buying an additional 9,175 shares during the period. Kovack Advisors Inc. grew its position in shares of SecureWorks by 114.6% during the 4th quarter. Kovack Advisors Inc. now owns 133,500 shares of the technology company’s stock worth $985,000 after buying an additional 71,300 shares during the period. Finally, Brooktree Capital Management grew its position in shares of SecureWorks by 1.1% during the 1st quarter. Brooktree Capital Management now owns 163,910 shares of the technology company’s stock worth $1,101,000 after buying an additional 1,775 shares during the period. 14.38% of the stock is currently owned by institutional investors and hedge funds.

SecureWorks Company Profile

(Get Free Report)

SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions; managed security services; and professional services, including incident response and penetration testing services.

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Earnings History for SecureWorks (NASDAQ:SCWX)

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