Secureworks (NASDAQ:SCWX) released its earnings results on Wednesday. The technology company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.08, Briefing.com reports. Secureworks had a negative return on equity of 1.50% and a negative net margin of 6.39%. The company had revenue of $132.80 million for the quarter, compared to analysts’ expectations of $132.10 million. During the same quarter in the previous year, the business posted ($0.06) EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis.
Shares of NASDAQ SCWX opened at $13.60 on Friday. The company has a market capitalization of $1.08 billion, a P/E ratio of -85.00 and a beta of 1.40. Secureworks has a 52 week low of $10.58 and a 52 week high of $24.91.
Several equities analysts have weighed in on the company. Zacks Investment Research cut Secureworks from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. BidaskClub raised Secureworks from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 1st. Finally, TheStreet raised Secureworks from a “d+” rating to a “c-” rating in a research note on Monday, April 22nd. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.22.
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SecureWorks Corp., a cybersecurity company, provides an integrated suite of intelligence-driven information security solutions focused on protecting organizations worldwide. The company's solutions include managed security, threat intelligence, security and risk consulting, and incident response.
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