SecureWorks Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SecureWorks in the last year. There are currently 2 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SecureWorks stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SCWX, but not buy additional shares or sell existing shares.
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Wall Street analysts have given SecureWorks a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but SecureWorks wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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SecureWorks saw a drop in short interest in July. As of July 15th, there was short interest totaling 395,400 shares, a drop of 40.3% from the June 30th total of 662,600 shares. Based on an average trading volume of 158,800 shares, the days-to-cover ratio is presently 2.5 days. Currently, 4.5% of the company's shares are short sold.
View SecureWorks' Short Interest.

SecureWorks is scheduled to release its next quarterly earnings announcement on Wednesday, September 8th 2021.
View our earnings forecast for SecureWorks.

SecureWorks Corp. (NASDAQ:SCWX) announced its earnings results on Wednesday, June, 2nd. The technology company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.09. The technology company had revenue of $139.50 million for the quarter, compared to analysts' expectations of $135.10 million. SecureWorks had a positive trailing twelve-month return on equity of 0.15% and a negative net margin of 3.71%. SecureWorks's revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 EPS.
View SecureWorks' earnings history.

SecureWorks' stock was trading at $11.08 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SCWX stock has increased by 88.1% and is now trading at $20.84.
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SecureWorks updated its FY 2022 earnings guidance on Tuesday, June, 29th. The company provided EPS guidance of $-0.130-$-0.040 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.280. The company issued revenue guidance of $540 million-$550 million, compared to the consensus revenue estimate of $540.67 million.

5 equities research analysts have issued 1-year price targets for SecureWorks' stock. Their forecasts range from $14.00 to $15.00. On average, they anticipate SecureWorks' stock price to reach $14.75 in the next twelve months. This suggests that the stock has a possible downside of 29.2%.
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139 employees have rated SecureWorks CEO Mike Cote on Glassdoor.com. Mike Cote has an approval rating of 83% among SecureWorks' employees.

Some companies that are related to SecureWorks include BlackLine (BL), Clear Secure (YOU), Varonis Systems (VRNS), Workiva (WK), Kingsoft Cloud (KC), Rapid7 (RPD), Data443 Risk Mitigation (ATDS), The Descartes Systems Group (DSGX), nCino (NCNO), MicroStrategy (MSTR), Q2 (QTWO), BlackBerry (BB), Duck Creek Technologies (DCT), CyberArk Software (CYBR) and National Instruments (NATI).
View all of SCWX's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other SecureWorks investors own include AT&T (T), Adobe (ADBE), Activision Blizzard (ATVI), The 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 initial public offering (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.

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

Shares of SCWX 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 $20.84.

SecureWorks has a market capitalization of $1.74 billion and generates $561.03 million in revenue each year. The technology company earns $-21,900,000.00 in net income (profit) each year or ($0.01) on an earnings per share basis.

SecureWorks employs 2,696 workers across the globe.

The official website for SecureWorks is www.secureworks.com.

SecureWorks is headquartered at ONE CONCOURSE PARKWAY SUITE 500, ATLANTA GA, 30328.

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]