Secureworks (SCWX) to Release Earnings on Wednesday

Secureworks (NASDAQ:SCWX) is scheduled to be releasing its earnings data before the market opens on Wednesday, December 5th. Analysts expect Secureworks to post earnings of ($0.09) per share for the quarter.

Secureworks (NASDAQ:SCWX) last released its earnings results on Wednesday, September 5th. The technology company reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.03. The firm had revenue of $128.80 million for the quarter, compared to analysts’ expectations of $127.62 million. Secureworks had a negative net margin of 5.13% and a negative return on equity of 4.67%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) earnings per share. On average, analysts expect Secureworks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SCWX opened at $18.01 on Monday. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -40.02 and a beta of 0.31. Secureworks has a twelve month low of $7.83 and a twelve month high of $18.97.

A number of research firms have weighed in on SCWX. BidaskClub upgraded shares of Secureworks from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Investment Research cut shares of Secureworks from a “buy” rating to a “hold” rating in a research note on Wednesday, November 7th. UBS Group cut shares of Secureworks from a “neutral” rating to a “sell” rating and set a $11.00 target price on the stock. in a research note on Friday, August 24th. Stifel Nicolaus boosted their target price on shares of Secureworks from $10.50 to $11.50 and gave the company a “hold” rating in a research note on Thursday, September 6th. Finally, Morgan Stanley boosted their target price on shares of Secureworks from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” 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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Earnings History for Secureworks (NASDAQ:SCWX)

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