Secureworks (NASDAQ:SCWX) issued its earnings results on Thursday. The technology company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11, Briefing.com reports. The company had revenue of $133.06 million for the quarter, compared to the consensus estimate of $130.52 million. Secureworks had a negative return on equity of 4.67% and a negative net margin of 5.13%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) EPS.
Shares of NASDAQ SCWX traded down $0.48 during trading hours on Thursday, hitting $17.10. The stock had a trading volume of 566,600 shares, compared to its average volume of 121,335. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -38.00 and a beta of 0.35. Secureworks has a 52 week low of $7.83 and a 52 week high of $18.97.
A number of equities analysts have recently weighed in on SCWX shares. UBS Group downgraded Secureworks from a “neutral” rating to a “sell” rating and set a $11.00 target price on the stock. in a report on Friday, August 24th. Morgan Stanley upped their target price on Secureworks from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, September 6th. Stifel Nicolaus upped their target price on Secureworks from $10.50 to $11.50 and gave the company a “hold” rating in a report on Thursday, September 6th. BidaskClub upgraded Secureworks from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. Finally, Zacks Investment Research downgraded Secureworks from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Secureworks presently has a consensus rating of “Hold” and an average price target of $12.00.
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Secureworks Company Profile
SecureWorks Corp., through its subsidiaries, provides intelligence-driven information security solutions focused on protecting organizations from cyber-attacks. The company's solutions include managed security, threat intelligence, security and risk consulting, and incident response. Its solutions enable organizations 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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