NASDAQ:SCWX - Secureworks Stock Price, Forecast & News

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

Secureworks Corp (NASDAQ:SCWX) announced its earnings results on Thursday, December, 5th. The technology company reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.03. The technology company earned $141.33 million during the quarter, compared to analyst estimates of $136.12 million. Secureworks had a negative net margin of 7.06% and a negative return on equity of 2.39%. The company's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS. View Secureworks' Earnings History.

Secureworks is scheduled to release their next quarterly earnings announcement on Wednesday, March 25th 2020. View Earnings Estimates for Secureworks.

Secureworks updated its fourth quarter earnings guidance on Thursday, December, 5th. The company provided earnings per share guidance of ($0.01)-$0.00 for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.03). The company issued revenue guidance of $138-140 million, compared to the consensus revenue estimate of $137.07 million.

4 analysts have issued twelve-month target prices for Secureworks' stock. Their forecasts range from $13.00 to $14.00. On average, they expect Secureworks' stock price to reach $13.33 in the next year. This suggests that the stock has a possible downside of 10.9%. View Analyst Price Targets for Secureworks.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Secureworks in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Secureworks.

Media headlines about SCWX stock have trended very positive this week, InfoTrie reports. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Secureworks earned a media sentiment score of 3.1 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Secureworks.

Secureworks saw a decline in short interest in January. As of January 31st, there was short interest totalling 1,340,000 shares, a decline of 11.8% from the January 15th total of 1,520,000 shares. Based on an average daily volume of 181,700 shares, the days-to-cover ratio is currently 7.4 days. Approximately 18.2% of the shares of the company are short sold. View Secureworks' Current Options Chain.

Some companies that are related to Secureworks include Manhattan Associates (MANH), AppFolio (APPF), Cyberark Software (CYBR), Bill.com (BILL), Q2 (QTWO), LogMeIn (LOGM), Pivotal Software (PVTL), Appian (APPN), ACI Worldwide (ACIW), Descartes Systems Group (DSGX), Blackline (BL), Blackbaud (BLKB), Micro Focus International (MFGP), Qualys (QLYS) and New Relic (NEWR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Secureworks investors own include Intel (INTC), Activision Blizzard (ATVI), Netflix (NFLX), Cisco Systems (CSCO), Cypress Semiconductor (CY), Pure Storage (PSTG), NovaBay Pharmaceuticals (NBY), Adobe (ADBE), Marvell Technology Group (MRVL) and AbbVie (ABBV).

(SCWX) raised $148 million in an initial public offering 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.

Secureworks' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Royce & Associates LP (0.70%), Gagnon Securities LLC (0.60%), Masters Capital Management LLC (0.35%), Marshall Wace LLP (0.20%), State Street Corp (0.19%) and Geode Capital Management LLC (0.18%).

SCWX stock was sold by a variety of institutional investors in the last quarter, including Masters Capital Management LLC, Spark Investment Management LLC, Royce & Associates LP, Barclays PLC, AQR Capital Management LLC, Massachusetts Financial Services Co. MA, Stone Ridge Asset Management LLC and Bank of America Corp DE.

SCWX stock was bought by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Connor Clark & Lunn Investment Management Ltd., Marshall Wace North America L.P., DekaBank Deutsche Girozentrale, Public Sector Pension Investment Board, Alambic Investment Management L.P., Oxford Asset Management LLP and PEAK6 Investments LLC.

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

One share of SCWX stock can currently be purchased for approximately $14.96.

Secureworks has a market capitalization of $1.22 billion and generates $518.71 million in revenue each year. The technology company earns $-39,100,000.00 in net income (profit) each year or ($0.16) on an earnings per share basis. Secureworks employs 2,663 workers across the globe.View Additional Information About Secureworks.

The official website for Secureworks is http://www.secureworks.com/.

Secureworks' mailing address is ONE CONCOURSE PARKWAY SUITE 500, ATLANTA GA, 30328. The technology company can be reached via phone at 404-327-6339 or via email at [email protected]