Secureworks (NASDAQ:SCWX) announced its quarterly earnings data on Thursday. The technology company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.11, Briefing.com reports. The firm had revenue of $133.06 million during the quarter, compared to analysts’ expectations of $130.52 million. Secureworks had a negative return on equity of 3.31% and a negative net margin of 3.43%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.06) EPS.
Shares of NASDAQ SCWX opened at $15.64 on Friday. Secureworks has a fifty-two week low of $7.83 and a fifty-two week high of $18.97.
A number of hedge funds and other institutional investors have recently made changes to their positions in SCWX. Engineers Gate Manager LP acquired a new position in shares of Secureworks during the 2nd quarter worth $186,000. Rhumbline Advisers acquired a new position in shares of Secureworks during the 2nd quarter worth $142,000. Bank of New York Mellon Corp raised its holdings in shares of Secureworks by 34.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 44,119 shares of the technology company’s stock worth $550,000 after buying an additional 11,281 shares in the last quarter. Spark Investment Management LLC raised its holdings in shares of Secureworks by 24.6% during the 2nd quarter. Spark Investment Management LLC now owns 90,600 shares of the technology company’s stock worth $1,127,000 after buying an additional 17,900 shares in the last quarter. Finally, Royce & Associates LP acquired a new position in shares of Secureworks during the 2nd quarter worth $5,808,000. 9.56% of the stock is owned by hedge funds and other institutional investors.
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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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