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NASDAQ:SCWX

SecureWorks - SCWX Stock Forecast, Price & News

$9.85
+0.03 (+0.31%)
(As of 08/12/2022 10:40 AM ET)
Add
Compare
Today's Range
$9.85
$9.85
50-Day Range
$9.50
$11.88
52-Week Range
$9.26
$26.89
Volume
5 shs
Average Volume
45,260 shs
Market Capitalization
$835.87 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$15.00

SecureWorks MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
60.9% Upside
$15.80 Price Target
Short Interest
Healthy
2.05% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.51mentions of SecureWorks in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$1.11 M Bought Last Quarter
Proj. Earnings Growth
Decreasing
From ($1.02) to ($1.08) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

Computer And Technology Sector

447th out of 658 stocks

Prepackaged Software Industry

152nd out of 229 stocks

SCWX stock logo

About SecureWorks (NASDAQ:SCWX) Stock

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 security risk consulting 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 direct sales organization, as well as through referral agents, regional value-added resellers, and trade associations. 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. operates as a subsidiary of Dell Marketing L.P.

SecureWorks Stock Down 5.1 %

SCWX Stock opened at $9.82 on Friday. SecureWorks has a 52 week low of $9.26 and a 52 week high of $26.89. The company has a fifty day simple moving average of $10.55 and a two-hundred day simple moving average of $12.02. The firm has a market capitalization of $833.33 million, a P/E ratio of -14.88 and a beta of 0.89.

SecureWorks (NASDAQ:SCWX - Get Rating) last released its quarterly earnings data on Thursday, June 2nd. The technology company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.03. SecureWorks had a negative net margin of 10.64% and a negative return on equity of 4.66%. The business had revenue of $121.00 million during the quarter, compared to analyst estimates of $120.90 million. During the same quarter last year, the business earned ($0.01) earnings per share. SecureWorks's quarterly revenue was down 13.3% compared to the same quarter last year. As a group, analysts anticipate that SecureWorks will post -1.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut their target price on shares of SecureWorks from $14.00 to $13.00 and set an "equal weight" rating for the company in a research note on Friday, June 3rd. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $15.80.

Insider Buying and Selling at SecureWorks

In other SecureWorks news, major shareholder Neil Gagnon acquired 22,538 shares of the stock in a transaction on Tuesday, June 21st. The stock was acquired at an average price of $10.63 per share, for a total transaction of $239,578.94. Following the completion of the transaction, the insider now directly owns 590,730 shares of the company's stock, valued at $6,279,459.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 105,788 shares of company stock worth $1,108,865 over the last 90 days. 85.30% of the stock is owned by insiders.

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SCWX Stock News Headlines

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SCWX Company Calendar

Last Earnings
6/02/2022
Today
8/12/2022
Next Earnings (Estimated)
9/01/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:SCWX
Fax
N/A
Employees
2,351
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$15.80
High Stock Price Forecast
$19.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+52.3%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
6 Analysts

Profitability

Net Income
$-39,790,000.00
Pretax Margin
-14.36%

Debt

Sales & Book Value

Annual Sales
$535.21 million
Cash Flow
$0.60 per share
Book Value
$7.69 per share

Miscellaneous

Free Float
12,474,000
Market Cap
$835.87 million
Optionable
Optionable
Beta
0.89

Key Executives

  • Ms. Wendy K. Thomas (Age 49)
    Pres, CEO & Director
    Comp: $820.48k
  • Mr. Paul M. Parrish (Age 60)
    Sr. VP & CFO
    Comp: $684.47k
  • Mr. Joe Strathmann
    VP Global Operations
  • Mr. Christian M. Grant (Age 46)
    VP & Chief Accounting Officer
  • Mr. Michael Aiello
    Chief Technology Officer
  • Mr. George Barry Hanna (Age 55)
    Sr. VP, Chief Legal & Admin. Officer and Corp. Sec.
  • Mr. Andrew Storm
    VP of Investor Relations
  • Elizabeth W. Clarke
    Director of Media Relations
  • Mr. Ian Bancroft
    Chief Sales Officer
  • Ms. Tracey Mustacchio
    Chief Marketing Officer













SCWX Stock - Frequently Asked Questions

Should I buy or sell SecureWorks stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SecureWorks in the last twelve months. There are currently 3 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SCWX shares. 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.
View SCWX analyst ratings
or view top-rated stocks.

What is SecureWorks' stock price forecast for 2022?

6 brokers have issued 1-year price objectives for SecureWorks' shares. Their SCWX share price forecasts range from $12.00 to $19.00. On average, they expect the company's share price to reach $15.80 in the next twelve months. This suggests a possible upside of 60.9% 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 2022?

SecureWorks' stock was trading at $15.97 at the beginning of the year. Since then, SCWX shares have decreased by 38.5% and is now trading at $9.82.
View the best growth stocks for 2022 here
.

Are investors shorting SecureWorks?

SecureWorks saw a decrease in short interest in the month of July. As of July 31st, there was short interest totaling 207,000 shares, a decrease of 21.8% from the July 15th total of 264,700 shares. Based on an average trading volume of 92,600 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.1% of the shares of the company are short sold.
View SecureWorks' Short Interest
.

When is SecureWorks' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our SCWX earnings forecast
.

How were SecureWorks' earnings last quarter?

SecureWorks Corp. (NASDAQ:SCWX) issued its quarterly earnings data on Thursday, June, 2nd. The technology company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.03. The technology company earned $121 million during the quarter, compared to the consensus estimate of $120.90 million. SecureWorks had a negative net margin of 10.64% and a negative trailing twelve-month return on equity of 4.66%. The firm's quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) EPS.

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

SecureWorks updated its second quarter 2023 earnings guidance on Thursday, June, 30th. The company provided earnings per share guidance of -$0.17--$0.15 for the period, compared to the consensus EPS estimate of -$0.16. The company issued revenue guidance of $115.00 million-$117.00 million, compared to the consensus revenue estimate of $119.43 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 initial public offering 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."

Who are SecureWorks' major shareholders?

SecureWorks' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Gagnon Securities LLC (1.22%), Royce & Associates LP (0.81%), Gagnon Advisors LLC (0.70%), Mirae Asset Global Investments Co. Ltd. (0.42%), Horrell Capital Management Inc. (0.39%) and JPMorgan Chase & Co. (0.17%). Insiders that own company stock include Christian Grant, George B Hanna, Neil Gagnon, Paul Parrish and Wendy Thomas.
View institutional ownership trends
.

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 $9.82.

How much money does SecureWorks make?

SecureWorks (NASDAQ:SCWX) has a market capitalization of $833.33 million and generates $535.21 million in revenue each year. The technology company earns $-39,790,000.00 in net income (profit) each year or ($0.66) on an earnings per share basis.

How many employees does SecureWorks have?

The company employs 2,351 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 8/12/2022 by MarketBeat.com Staff

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