NASDAQ:SCWX SecureWorks (SCWX) Stock Forecast, Price & News $6.10 -0.09 (-1.45%) (As of 10/3/2023 ET) Add Compare Share Share Today's Range$5.91▼$6.1650-Day Range$5.85▼$7.7252-Week Range$5.28▼$10.06Volume24,783 shsAverage Volume34,711 shsMarket Capitalization$526.06 millionP/E RatioN/ADividend YieldN/APrice Target$7.08 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media SecureWorks MarketRank™ ForecastAnalyst RatingSell1.33 Rating ScoreUpside/Downside16.1% Upside$7.08 Price TargetShort InterestHealthy0.98% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.00Based on 2 Articles This WeekInsider TradingAcquiring Shares$50,737 Bought Last QuarterProj. Earnings GrowthGrowingFrom ($0.75) to ($0.38) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.65 out of 5 starsComputer And Technology Sector480th out of 596 stocksPrepackaged Software Industry164th out of 204 stocks 1.7 Analyst's Opinion Consensus RatingSecureWorks has received a consensus rating of Sell. The company's average rating score is 1.33, and is based on no buy ratings, 1 hold rating, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.08, SecureWorks has a forecasted upside of 16.1% from its current price of $6.10.Amount of Analyst CoverageSecureWorks has only been the subject of 2 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted0.98% of the float of SecureWorks has been sold short.Short Interest Ratio / Days to CoverSecureWorks has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in SecureWorks has recently decreased by 3.23%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldSecureWorks does not currently pay a dividend.Dividend GrowthSecureWorks does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SCWX. Previous Next 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 2 news articles for SecureWorks this week, compared to 1 article on an average week.MarketBeat FollowsOnly 1 people have added SecureWorks to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, SecureWorks insiders have bought more of their company's stock than they have sold. Specifically, they have bought $50,737.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders83.10% 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 InstitutionsOnly 10.21% of the stock of SecureWorks is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for SecureWorks are expected to grow in the coming year, from ($0.75) to ($0.38) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of SecureWorks is -3.96, 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. SectorThe P/E ratio of SecureWorks is -3.96, 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 RatioSecureWorks has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About SecureWorks (NASDAQ:SCWX) StockSecureWorks 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 adversarial 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.Read More SCWX Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SCWX Stock News HeadlinesSeptember 30, 2023 | finance.yahoo.comOne SecureWorks Insider Raised Their Stake In The Previous YearSeptember 30, 2023 | americanbankingnews.comHead-To-Head Comparison: SecureWorks (NASDAQ:SCWX) versus Lottery.com (NASDAQ:LTRY)October 4, 2023 | Stansberry Research (Ad)Experts: "NVIDIA Bubble" Could Affect Entire MarketSeveral major analysts are warning that NVIDIA and other tech giants may have gotten “too big to succeed”.September 15, 2023 | msn.comSecureWorks Cuts Costs But Revenue Continues To Fall (Downgrade)September 12, 2023 | msn.comB of A Securities Maintains SecureWorks Corp - (SCWX) Underperform RecommendationSeptember 11, 2023 | markets.businessinsider.comBank of America Securities Reaffirms Their Sell Rating on SecureWorks (SCWX)September 8, 2023 | finance.yahoo.comSecureWorks Corp. (NASDAQ:SCWX) Q2 2024 Earnings Call TranscriptSeptember 7, 2023 | markets.businessinsider.comHere's what Wall Street expects from SecureWorks A's earningsOctober 4, 2023 | Behind the Markets (Ad)New Breakthrough "Living Software" Has Been…New Breakthrough "Living Software" Has Been... Ukraine's "Secret Weapon" Against Russia The Washington Post Reports: "It's a big reason David is beating Goliath..." The Wall Street Journal Reports: "it's a technical revolution." Jeff Bezos Said: "It's in the realm of science fiction." Early investors can reap 5,633% gains on the small company revolutionizing warfare >>>September 7, 2023 | finance.yahoo.comSecureWorks (SCWX) Reports Q2 Loss, Tops Revenue EstimatesSeptember 7, 2023 | msn.comSecureWorks cuts full-year revenue guidance below estimates, posts mixed second quarter earningsSeptember 7, 2023 | seekingalpha.comSecureWorks Corp. 2024 Q2 - Results - Earnings Call PresentationSeptember 7, 2023 | markets.businessinsider.comSecureWorks Corp Q2 Loss Increases, but beats estimatesSeptember 7, 2023 | finance.yahoo.comSecureworks® Announces Second Quarter Fiscal 2024 ResultsSeptember 6, 2023 | msn.comSecureWorks Q2 2024 Earnings PreviewAugust 17, 2023 | finance.yahoo.comSecureworks to Report Second Quarter Fiscal 2024 Financial Results on September 7, 2023August 15, 2023 | seekingalpha.comSecureworks announces 15% workforce reductionAugust 14, 2023 | news.yahoo.comSecureWorks layoffs affect 15% staffAugust 14, 2023 | bizjournals.comAtlanta cybersecurity company SecureWorks lays off more employees as losses mountJuly 20, 2023 | finance.yahoo.comWill SecureWorks (NASDAQ:SCWX) Spend Its Cash Wisely?July 12, 2023 | finance.yahoo.comDo You Expect Growth in SecureWorks Corp. (SCWX) after Conversion to Selling Only Software?June 11, 2023 | finance.yahoo.comSecureWorks Corp. (NASDAQ:SCWX) Q1 2024 Earnings Call TranscriptJune 8, 2023 | markets.businessinsider.comBank of America Securities Sticks to Their Sell Rating for SecureWorks (SCWX)June 8, 2023 | finanznachrichten.deSecureworks Corp.: Secureworks® Announces First Quarter Fiscal 2024 ResultsJune 8, 2023 | finanznachrichten.deSecureworks, Inc.: Secureworks Announces First Quarter Fiscal 2024 ResultsJune 8, 2023 | marketwatch.comSecureWorks Shares Fall 5% After Widened Loss, Sales Decline in 1QJune 8, 2023 | finance.yahoo.comSecureworks® Announces First Quarter Fiscal 2024 ResultsSee More Headlines Receive SCWX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for SecureWorks and its competitors with MarketBeat's FREE daily newsletter. Email Address SCWX Company Calendar Last Earnings9/07/2023Today10/03/2023Next Earnings (Estimated)12/07/2023Fiscal Year End1/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:SCWX CUSIPN/A CIK1468666 Webwww.secureworks.com Phone(404) 327-6339FaxN/AEmployees2,149Year FoundedN/APrice Target and Rating Average Stock Price Forecast$7.08 High Stock Price Forecast$8.25 Low Stock Price Forecast$6.00 Forecasted Upside/Downside+16.1%Consensus RatingSell Rating Score (0-4)1.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($1.54) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-114,500,000.00 Net Margins-31.79% Pretax Margin-40.50% Return on Equity-15.00% Return on Assets-10.20% Debt Debt-to-Equity RatioN/A Current Ratio0.67 Quick Ratio0.67 Sales & Book Value Annual Sales$413.64 million Price / Sales1.27 Cash FlowN/A Price / Cash FlowN/A Book Value$6.58 per share Price / Book0.93Miscellaneous Outstanding Shares86,235,000Free Float14,574,000Market Cap$526.03 million OptionableOptionable Beta0.98 Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMs. Wendy K. Thomas (Age 51)CEO & Director Comp: $1.08MMr. George Barry Hanna (Age 56)Sr. VP, Chief Legal & Admin. Officer and Corp. Sec. Comp: $722.47kMs. Alpana Wegner (Age 50)Chief Financial Officer Mr. Joe StrathmannVP Global OperationsMr. Christian M. Grant (Age 47)VP & Chief Accounting Officer Mr. Michael AielloChief Technology OfficerMr. Kevin J. Toomey Jr.VP of Investor RelationsMs. Tracey MustacchioChief Marketing OfficerMr. Steve Fulton (Age 49)Pres of Customer Success Mr. Allan R. Peters (Age 59)Chief Revenue Officer More ExecutivesKey CompetitorsConsensus Cloud SolutionsNASDAQ:CCSIWeave CommunicationsNYSE:WEAVMagic Software EnterprisesNASDAQ:MGIC3D SystemsNYSE:DDDAmerican SoftwareNASDAQ:AMSWAView All CompetitorsInsiders & InstitutionsRoyal Bank of CanadaSold 11,274 shares on 8/15/2023Ownership: 0.094%Zacks Investment ManagementBought 7,961 shares on 8/15/2023Ownership: 0.061%Y Intercept Hong Kong LtdBought 18,962 shares on 8/15/2023Ownership: 0.022%Quadrature Capital LtdBought 16,202 shares on 8/15/2023Ownership: 0.019%Citadel Advisors LLCSold 2,200 shares on 8/15/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions SCWX Stock - Frequently Asked Questions Should I buy or sell SecureWorks stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SecureWorks in the last twelve months. There are currently 2 sell ratings and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" SCWX shares. View SCWX analyst ratings or view top-rated stocks. What is SecureWorks' stock price forecast for 2023? 3 Wall Street analysts have issued 12-month price objectives for SecureWorks' stock. Their SCWX share price forecasts range from $6.00 to $8.25. On average, they anticipate the company's stock price to reach $7.08 in the next twelve months. This suggests a possible upside of 16.1% 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 2023? SecureWorks' stock was trading at $6.39 at the beginning of 2023. Since then, SCWX stock has decreased by 4.5% and is now trading at $6.10. View the best growth stocks for 2023 here. When is SecureWorks' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023. View our SCWX earnings forecast. How were SecureWorks' earnings last quarter? SecureWorks Corp. (NASDAQ:SCWX) issued its earnings results on Thursday, September, 7th. The technology company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.07. The technology company earned $92.97 million during the quarter, compared to the consensus estimate of $89.98 million. SecureWorks had a negative trailing twelve-month return on equity of 15.00% and a negative net margin of 31.79%. What ETF holds SecureWorks' stock ? Hypatia Women CEO ETF holds 5,202 shares of SCWX stock, representing 1.46% of its portfolio. What guidance has SecureWorks issued on next quarter's earnings? SecureWorks issued an update on its third quarter 2024 earnings guidance on Thursday, September, 7th. The company provided earnings per share guidance of -$0.07--$0.05 for the period, compared to the consensus 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. 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? (SCWX) raised $148 million in an IPO on Friday, April 22nd 2016. The company issued 9,000,000 shares at $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. What is SecureWorks' stock symbol? SecureWorks trades on the NASDAQ under the ticker symbol "SCWX." 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is SecureWorks' stock price today? One share of SCWX stock can currently be purchased for approximately $6.10. How much money does SecureWorks make? SecureWorks (NASDAQ:SCWX) has a market capitalization of $526.03 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. How many employees does SecureWorks have? The company employs 2,149 workers across the globe. How can I contact SecureWorks? 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. This page (NASDAQ:SCWX) was last updated on 10/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding SecureWorks Corp. Please log in to your account or sign up in order to add this asset to your watchlist. 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