Secureworks (NASDAQ:SCWX) Issues FY 2020 Pre-Market Earnings Guidance

Secureworks (NASDAQ:SCWX) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of -0.03–0.02 for the period, compared to the Thomson Reuters consensus estimate of $-0.1. The company issued revenue guidance of $549-551 million, compared to the consensus revenue estimate of $542.75 million.Secureworks also updated its Q4 guidance to ($0.01)-$0.00 EPS.

SCWX traded up $0.20 during trading on Friday, hitting $14.75. The company had a trading volume of 24,759 shares, compared to its average volume of 216,163. The company has a market cap of $1.04 billion, a PE ratio of -92.31 and a beta of 1.06. The business has a 50-day moving average of $11.92 and a 200-day moving average of $12.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. Secureworks has a 1-year low of $10.37 and a 1-year high of $24.91.

Secureworks (NASDAQ:SCWX) last announced its quarterly earnings data on Thursday, December 5th. The technology company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. The company had revenue of $141.33 million during the quarter, compared to analyst estimates of $136.12 million. Secureworks had a negative net margin of 6.38% and a negative return on equity of 1.61%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. Research analysts forecast that Secureworks will post -0.3 earnings per share for the current year.

Several brokerages have recently commented on SCWX. Zacks Investment Research cut shares of Secureworks from a strong-buy rating to a hold rating in a research report on Wednesday, November 6th. Goldman Sachs Group started coverage on Secureworks in a report on Tuesday, November 12th. They issued a sell rating and a $12.00 price objective for the company. ValuEngine raised Secureworks from a hold rating to a buy rating in a report on Thursday. Finally, BidaskClub cut Secureworks from a sell rating to a strong sell rating in a research note on Thursday, November 14th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Secureworks has an average rating of Hold and a consensus price target of $14.64.

Secureworks Company Profile

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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