Should I buy or sell SecureWorks stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SecureWorks in the last twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" SCWX shares. View SCWX analyst ratings or view top-rated stocks .

What is SecureWorks' stock price target for 2024?

2 equities research analysts have issued 12 month price objectives for SecureWorks' stock. Their SCWX share price targets range from $6.00 to $8.25. On average, they predict the company's share price to reach $7.08 in the next twelve months. This suggests a possible upside of 17.5% from the stock's current price. View analysts price targets for SCWX or view top-rated stocks among Wall Street analysts .

How have SCWX shares performed in 2024?

SecureWorks' stock was trading at $7.38 at the start of the year. Since then, SCWX stock has decreased by 18.3% and is now trading at $6.03. View the best growth stocks for 2024 here .

When is SecureWorks' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 13th 2024. View our SCWX earnings forecast .

How were SecureWorks' earnings last quarter?

SecureWorks Corp. (NASDAQ:SCWX) released its earnings results on Thursday, March, 14th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.13. SecureWorks had a negative trailing twelve-month return on equity of 9.56% and a negative net margin of 23.52%.

What ETF holds SecureWorks' stock?

Hypatia Women CEO ETF holds 4,296 shares of SCWX stock, representing 0.91% of its portfolio.

What guidance has SecureWorks issued on next quarter's earnings?

SecureWorks issued an update on its FY 2025 earnings guidance on Thursday, March, 14th. The company provided earnings per share (EPS) guidance of 0.000-0.080 for the period, compared to the consensus earnings per share estimate of 0.020. The company issued revenue guidance of $325.0 million-$335.0 million, compared to the consensus revenue estimate of $357.3 million.

What is Mike Cote's approval rating as SecureWorks' CEO?

139 employees have rated SecureWorks Chief Executive Officer Mike Cote on Glassdoor.com . Mike Cote has an approval rating of 83% among the company's employees.

What other stocks do shareholders of SecureWorks own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SecureWorks investors own include AT&T (T) , Adobe (ADBE) , Activision Blizzard (ATVI) , Boeing (BA) , Enterprise Products Partners (EPD) , Intel (INTC) , Netflix (NFLX) , AbbVie (ABBV) , Cisco Systems (CSCO) and Marvell Technology (MRVL) .

When did SecureWorks IPO?

SecureWorks (SCWX) raised $148 million in an IPO on Friday, April 22nd 2016. The company issued 9,000,000 shares at a price of $15.50-$17.50 per share. BofA Merrill Lynch, Morgan Stanley, Goldman Sachs and J.P. Morgan acted as the underwriters for the IPO and Barclays, Citigroup, Credit Suisse, RBC Capital Markets, UBS Investment Bank, Pacific Crest Securities (a division of KeyBanc Capital Markets), Stifel, SunTrust Robinson Humphrey, William Blair, Academy Securities, Ramirez, Siebert Brandford Shank, The Williams Capital Group Academy Securities Ramirez, Sert Brandford Shank and The Williams Capital Group were co-managers.

How do I buy shares of SecureWorks?

Shares of SCWX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:SCWX

SecureWorks (SCWX) Stock Price, News & Analysis

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$6.03

+0.18 (+3.08%)

(As of 05:12 PM ET)

Compare

Today's Range: $5.84
▼
$6.05
50-Day Range: $5.83
▼
$7.30
52-Week Range: $5.40
▼
$10.06

Volume: 20,263 shs
Average Volume: 32,058 shs
Market Capitalization: $532.39 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.08

Get SecureWorks alerts:

SecureWorks MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.50 Rating Score
Upside/Downside: 17.5% Upside
$7.08 Price Target
Short Interest: Healthy
0.62% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.96
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$72,886 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.25) to ($0.19) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.46 out of 5 stars

Computer And Technology Sector

491st out of 591 stocks

Prepackaged Software Industry

173rd out of 200 stocks

1.8

Analyst's Opinion

Consensus Rating
SecureWorks has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.
Amount of Analyst Coverage
SecureWorks has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
0.62% of the float of SecureWorks has been sold short.
Short Interest Ratio / Days to Cover
SecureWorks has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in SecureWorks has recently decreased by 4.84%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
SecureWorks does not currently pay a dividend.
Dividend Growth
SecureWorks does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SCWX.

2.8

News and Social Media Coverage

News Sentiment
SecureWorks has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for SecureWorks this week, compared to 2 articles on an average week.
MarketBeat Follows
Only 2 people have added SecureWorks to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SecureWorks insiders have bought more of their company's stock than they have sold. Specifically, they have bought $72,886.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
83.10% of the stock of SecureWorks is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 14.38% of the stock of SecureWorks is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for SecureWorks are expected to grow in the coming year, from ($0.25) to ($0.19) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SecureWorks is -5.97, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of SecureWorks is -5.97, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
SecureWorks has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About SecureWorks Stock (NASDAQ:SCWX)

SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions; managed security services; and professional services, including incident response and penetration testing services. Its solutions enable organizations to prevent security breaches, detect malicious activity, respond rapidly to security breaches, and identify emerging threats. The company sells its solutions primarily through its referral agents, regional value-added resellers, trade associations, and managed security service providers. It serves customers in a range of industries, including financial services, manufacturing, technology, retail, insurance, utility, and healthcare sectors. The company was formerly known as SecureWorks Holding Corporation and changed its name to SecureWorks Corp. in November 2015. SecureWorks Corp. was founded in 1999 and is headquartered in Atlanta, Georgia. SecureWorks Corp. is a subsidiary of Dell Marketing L.P.

SCWX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SCWX Stock News Headlines

April 13, 2024 | americanbankingnews.com

SecureWorks (NASDAQ:SCWX) Stock Crosses Below Fifty Day Moving Average of $6.56

April 11, 2024 | finance.yahoo.com

SecureWorks (NASDAQ:SCWX) investors are sitting on a loss of 69% if they invested five years ago

April 16, 2024 | Darwin (Ad)

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March 21, 2024 | prnewswire.com

Secureworks Appoints William Cary to its Board of Directors

March 16, 2024 | seekingalpha.com

SecureWorks Corp. (SCWX) Q4 2024 Earnings Call Transcript

March 15, 2024 | finance.yahoo.com

SecureWorks Full Year 2024 Earnings: EPS Misses Expectations

March 14, 2024 | finanznachrichten.de

Secureworks Corp.: Secureworks Announces Fourth Quarter and Full Year Fiscal 2024 Results

March 14, 2024 | markets.businessinsider.com

Secureworks Reports Adj. Profit In Q4

April 16, 2024 | Darwin (Ad)

Your Next Portfolio Star: Revealing 2024's Top Stock Pick

March 14, 2024 | finance.yahoo.com

SecureWorks Corp (SCWX) Reports Fiscal 2024 Earnings: Taegis Drives Growth Amidst Strategic Shifts

March 14, 2024 | finanznachrichten.de

Secureworks, Inc.: Secureworks Announces Fourth Quarter and Full Year Fiscal 2024 Results

March 14, 2024 | msn.com

SecureWorks Non-GAAP EPS of $0.08 beats by $0.12, revenue of $89.2M beats by $2.08M

March 14, 2024 | finance.yahoo.com

Secureworks Announces Fourth Quarter and Full Year Fiscal 2024 Results

March 14, 2024 | seekingalpha.com

SecureWorks Corp. 2024 Q4 - Results - Earnings Call Presentation

March 13, 2024 | benzinga.com

Earnings Preview For SecureWorks

March 8, 2024 | finance.yahoo.com

SecureWorks Insider Ups Holding During Year

February 29, 2024 | finanznachrichten.de

Happiest Minds Technologies Limited: Happiest Minds partners with Secureworks to deliver next-gen XDR Services

February 29, 2024 | prnewswire.com

Happiest Minds partners with Secureworks to deliver next-gen XDR Services

February 22, 2024 | prnewswire.com

Secureworks to Report Fourth Quarter and Full Year Fiscal 2024 Financial Results on March 14, 2024

February 15, 2024 | wsj.com

SecureWorks Inc. Cl A

February 1, 2024 | finance.yahoo.com

Chuck Royce Increases Stake in SecureWorks Corp

February 1, 2024 | finance.yahoo.com

Secureworks Threat Score Ushers In A New Age Of Cybersecurity AI

January 29, 2024 | msn.com

3 'Sell'-Rated Tech Stocks Analysts Think You Should Avoid

January 10, 2024 | finance.yahoo.com

We're Not Very Worried About SecureWorks' (NASDAQ:SCWX) Cash Burn Rate

December 25, 2023 | finance.yahoo.com

Estimating The Intrinsic Value Of SecureWorks Corp. (NASDAQ:SCWX)

December 13, 2023 | finanznachrichten.de

Secureworks Corp.: Secureworks and SentinelOne® Deliver Trailblazing Global Joint Go-To-Market Program to Decrease Cyber Risk

December 12, 2023 | finance.yahoo.com

Secureworks and SentinelOne® Deliver Trailblazing Global Joint Go-To-Market Program to Decrease Cyber Risk

See More Headlines

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Company Calendar

Last Earnings: 3/14/2024
Today: 4/16/2024
Next Earnings (Estimated): 6/13/2024
Fiscal Year End: 1/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:SCWX
CUSIP: N/A
CIK: 1468666
Web: www.secureworks.com
Phone: (404) 327-6339
Fax: N/A
Employees: 1,516
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $7.08
High Stock Price Target: $8.25
Low Stock Price Target: $6.00
Potential Upside/Downside: +21.1%
Consensus Rating: Reduce
Rating Score (0-4): 1.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.01)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-86,040,000.00
Net Margins: -23.52%
Pretax Margin: -31.30%
Return on Equity: -9.56%
Return on Assets: -6.58%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.68
Quick Ratio: 0.68

Sales & Book Value

Annual Sales: $365.88 million
Price / Sales: 1.41
Cash Flow: $0.07 per share
Price / Cash Flow: 85.28
Book Value: $5.80 per share
Price / Book: 1.01

Miscellaneous

Outstanding Shares: 88,290,000
Free Float: 14,921,000
Market Cap: $516.50 million
Optionable: Optionable
Beta: 0.99

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Key Executives

Ms. Wendy K. Thomas (Age 51)
CEO & Director
Comp: $1.08M
Ms. Alpana Wegner (Age 51)
Chief Financial Officer
Mr. Joe Strathmann
Vice President Global Operations
Mr. Christian M. Grant (Age 48)
VP & Chief Accounting Officer
Mr. Michael Aiello
Chief Technology Officer
Mr. Kevin J. Toomey Jr.
Vice President of Investor Relations
Mr. Allan R. Peters (Age 60)
Chief Revenue Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SCWX Stock Analysis - Frequently Asked Questions

Should I buy or sell SecureWorks stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SecureWorks in the last twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" SCWX shares.
View SCWX analyst ratings or view top-rated stocks.
What is SecureWorks' stock price target for 2024?: 2 equities research analysts have issued 12 month price objectives for SecureWorks' stock. Their SCWX share price targets range from $6.00 to $8.25. On average, they predict the company's share price to reach $7.08 in the next twelve months. This suggests a possible upside of 17.5% from the stock's current price.
View analysts price targets for SCWX or view top-rated stocks among Wall Street analysts.
How have SCWX shares performed in 2024?: SecureWorks' stock was trading at $7.38 at the start of the year. Since then, SCWX stock has decreased by 18.3% and is now trading at $6.03.
View the best growth stocks for 2024 here.
When is SecureWorks' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, June 13th 2024.
View our SCWX earnings forecast.
How were SecureWorks' earnings last quarter?: SecureWorks Corp. (NASDAQ:SCWX) released its earnings results on Thursday, March, 14th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.13. SecureWorks had a negative trailing twelve-month return on equity of 9.56% and a negative net margin of 23.52%.
What ETF holds SecureWorks' stock?: Hypatia Women CEO ETF holds 4,296 shares of SCWX stock, representing 0.91% of its portfolio.

What guidance has SecureWorks issued on next quarter's earnings?: SecureWorks issued an update on its FY 2025 earnings guidance on Thursday, March, 14th. The company provided earnings per share (EPS) guidance of 0.000-0.080 for the period, compared to the consensus earnings per share estimate of 0.020. The company issued revenue guidance of $325.0 million-$335.0 million, compared to the consensus revenue estimate of $357.3 million.
What is Mike Cote's approval rating as SecureWorks' CEO?: 139 employees have rated SecureWorks Chief Executive Officer Mike Cote on Glassdoor.com. Mike Cote has an approval rating of 83% among the company's employees.
What other stocks do shareholders of SecureWorks own?: Based on aggregate information from My MarketBeat watchlists, some companies that other SecureWorks investors own include AT&T (T), Adobe (ADBE), Activision Blizzard (ATVI), Boeing (BA), Enterprise Products Partners (EPD), Intel (INTC), Netflix (NFLX), AbbVie (ABBV), Cisco Systems (CSCO) and Marvell Technology (MRVL).
When did SecureWorks IPO?: SecureWorks (SCWX) raised $148 million in an IPO on Friday, April 22nd 2016. The company issued 9,000,000 shares at a price of $15.50-$17.50 per share. BofA Merrill Lynch, Morgan Stanley, Goldman Sachs and J.P. Morgan acted as the underwriters for the IPO and Barclays, Citigroup, Credit Suisse, RBC Capital Markets, UBS Investment Bank, Pacific Crest Securities (a division of KeyBanc Capital Markets), Stifel, SunTrust Robinson Humphrey, William Blair, Academy Securities, Ramirez, Siebert Brandford Shank, The Williams Capital Group Academy Securities Ramirez, Sert Brandford Shank and The Williams Capital Group were co-managers.
How do I buy shares of SecureWorks?: Shares of SCWX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SCWX) was last updated on 4/16/2024 by MarketBeat.com Staff

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