SecureWorks (SCWX) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SecureWorks in the last year. There are currently 2 sell ratings and 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "sell" SCWX shares.
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3 Wall Street research analysts have issued 12-month price targets for SecureWorks' shares. Their SCWX share price forecasts range from $6.00 to $8.25. On average, they predict the company's stock price to reach $7.08 in the next year. This suggests a possible upside of 16.3% from the stock's current price.
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SecureWorks' stock was trading at $6.39 at the beginning of 2023. Since then, SCWX stock has decreased by 4.7% and is now trading at $6.09.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
View our SCWX earnings forecast.

SecureWorks Corp. (NASDAQ:SCWX) posted its quarterly earnings data on Wednesday, December, 1st. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.07. The technology company had revenue of $133.70 million for the quarter, compared to analyst estimates of $132.88 million. SecureWorks had a negative trailing twelve-month return on equity of 15.00% and a negative net margin of 31.79%. The firm's revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.02 earnings per share.

Hypatia Women CEO ETF holds 5,202 shares of SCWX stock, representing 1.46% of its portfolio.

SecureWorks issued an update on its third quarter 2024 earnings guidance on Thursday, September, 7th. The company provided earnings per share (EPS) guidance of -$0.07--$0.05 for the period, compared to the consensus earnings per share estimate of -$0.06. The company issued revenue guidance of $88.00 million-$90.00 million, compared to the consensus revenue estimate of $96.69 million.

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.

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).

(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 served 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.

SecureWorks trades on the NASDAQ under the ticker symbol "SCWX."

SecureWorks' stock is owned by many different institutional and retail investors. Top institutional investors include Gagnon Securities LLC (1.58%), Royce & Associates LP (1.16%), Gagnon Advisors LLC (0.87%), Cove Street Capital LLC (0.66%), Horrell Capital Management Inc. (0.49%) and Dimensional Fund Advisors LP (0.34%). Insiders that own company stock include Christian Grant, George B Hanna, Neil Gagnon, Paul Parrish and Wendy Thomas.
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Shares of SCWX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SCWX stock can currently be purchased for approximately $6.09.

SecureWorks (NASDAQ:SCWX) has a market capitalization of $525.17 million and generates $413.64 million in revenue each year. The technology company earns $-114,500,000.00 in net income (profit) each year or ($1.54) on an earnings per share basis.

The company employs 2,149 workers across the globe.

SecureWorks' mailing address is ONE CONCOURSE PARKWAY SUITE 500, ATLANTA GA, 30328. The official website for the company is www.secureworks.com. The technology company can be reached via phone at (404) 327-6339 or via email at rgardy@secureworks.com.