Equities analysts forecast that Secureworks Corp (NASDAQ:SCWX) will announce earnings of ($0.04) per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Secureworks’ earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at ($0.04). Secureworks posted earnings of ($0.01) per share during the same quarter last year, which indicates a negative year over year growth rate of 300%. The business is expected to announce its next quarterly earnings report on Wednesday, September 4th.
According to Zacks, analysts expect that Secureworks will report full year earnings of ($0.12) per share for the current financial year, with EPS estimates ranging from ($0.14) to ($0.10). For the next year, analysts anticipate that the company will post earnings of ($0.02) per share, with EPS estimates ranging from ($0.12) to $0.07. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Secureworks.
Secureworks (NASDAQ:SCWX) last issued its quarterly earnings results on Wednesday, June 5th. The technology company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.08. The company had revenue of $132.80 million for the quarter, compared to analysts’ expectations of $132.10 million. Secureworks had a negative return on equity of 1.51% and a negative net margin of 6.39%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.06) earnings per share.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its stake in shares of Secureworks by 363.6% in the first quarter. BNP Paribas Arbitrage SA now owns 1,947 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,527 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Secureworks during the first quarter valued at $65,000. SG Americas Securities LLC purchased a new stake in shares of Secureworks during the first quarter valued at $137,000. New York State Common Retirement Fund boosted its position in shares of Secureworks by 138.6% during the fourth quarter. New York State Common Retirement Fund now owns 10,500 shares of the technology company’s stock valued at $177,000 after buying an additional 6,100 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of Secureworks during the fourth quarter valued at $203,000. 10.82% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ SCWX traded down $0.22 during trading on Tuesday, reaching $12.99. The company had a trading volume of 358,880 shares, compared to its average volume of 185,335. Secureworks has a 12-month low of $10.58 and a 12-month high of $24.91. The stock has a market cap of $1.06 billion, a PE ratio of -81.19 and a beta of 1.15. The business’s 50-day moving average is $13.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.08 and a current ratio of 1.09.
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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