NASDAQ:SCWX - Secureworks Stock Price, Forecast & News

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

Secureworks Corp (NASDAQ:SCWX) released its quarterly earnings results on Thursday, December, 5th. The technology company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. The technology company had revenue of $141.33 million for 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% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 earnings per share. 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 issued an update on its fourth quarter earnings guidance on Thursday, December, 5th. The company provided EPS guidance of ($0.01)-$0.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.03). The company issued revenue guidance of $138-140 million, compared to the consensus revenue estimate of $137.07 million.

5 equities research analysts have issued 1 year target prices for Secureworks' stock. Their forecasts range from $12.50 to $14.00. On average, they expect Secureworks' stock price to reach $13.13 in the next year. This suggests that the stock has a possible downside of 17.8%. View Analyst Price Targets for Secureworks.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Secureworks in the last year. There are currently 3 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for Secureworks.

Headlines about SCWX stock have trended somewhat negative this week, according to InfoTrie. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Secureworks earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news headlines about the technology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Secureworks.

Secureworks saw a increase in short interest in December. As of December 31st, there was short interest totalling 1,520,000 shares, an increase of 11.8% from the December 15th total of 1,360,000 shares. Based on an average trading volume of 194,400 shares, the short-interest ratio is presently 7.8 days. Currently, 20.7% of the company's stock are short sold. View Secureworks' Current Options Chain.

Some companies that are related to Secureworks include Cyberark Software (CYBR), Micro Focus International (MFGP), LogMeIn (LOGM), AppFolio (APPF), Q2 (QTWO), ACI Worldwide (ACIW), Pivotal Software (PVTL), New Relic (NEWR), Blackbaud (BLKB), Descartes Systems Group (DSGX), Cornerstone OnDemand (CSOD), BlackBerry (BB), Blackline (BL), Cogent Communications (CCOI) and Appian (APPN).

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 (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' stock is owned by many different of retail and institutional investors. Top institutional investors include Strs Ohio (0.05%).

SCWX stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio.

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 $15.96.

Secureworks has a market capitalization of $1.30 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]