Secureworks (SCWX) Earning Somewhat Positive News Coverage, Study Shows

News articles about Secureworks (NASDAQ:SCWX) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Secureworks earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.7364621274743 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

Secureworks (NASDAQ:SCWX) opened at $9.43 on Friday. The company has a market capitalization of $777.53, a P/E ratio of -16.84 and a beta of 2.31. Secureworks has a 12 month low of $8.10 and a 12 month high of $12.99.

Secureworks (NASDAQ:SCWX) last announced its quarterly earnings results on Wednesday, December 6th. The technology company reported ($0.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.03. The business had revenue of $117.53 million for the quarter, compared to analysts’ expectations of $115.67 million. Secureworks had a negative return on equity of 3.95% and a negative net margin of 9.60%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) EPS. analysts predict that Secureworks will post -0.43 EPS for the current year.

SCWX has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Secureworks from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Citigroup reissued a “neutral” rating and set a $11.00 price objective (up from $10.00) on shares of Secureworks in a report on Thursday, September 7th. Royal Bank of Canada reissued an “outperform” rating and set a $15.00 price objective (up from $13.00) on shares of Secureworks in a report on Tuesday, October 3rd. KeyCorp reissued a “buy” rating and set a $15.00 price objective on shares of Secureworks in a report on Friday, October 6th. Finally, J P Morgan Chase & Co reissued a “buy” rating on shares of Secureworks in a report on Thursday, October 12th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $12.95.

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Secureworks Company Profile

Secureworks Corp. is a holding company. The Company provides intelligence-driven information security solutions. The Company is focused on protecting the Company’s clients from cyber-attacks. The Company’s solutions enable companies 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.

Insider Buying and Selling by Quarter for Secureworks (NASDAQ:SCWX)

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