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Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
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S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
pixel
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
pixel
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
pixel
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
NASDAQ:SCWX

SecureWorks - SCWX Stock Forecast, Price & News

$9.92
-0.09 (-0.90%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$9.82
$10.11
50-Day Range
$9.50
$12.37
52-Week Range
$9.26
$26.89
Volume
39,972 shs
Average Volume
44,582 shs
Market Capitalization
$841.81 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
59.3% Upside
$15.80 Price Target
Short Interest
Healthy
2.63% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.37mentions of SecureWorks in the last 14 days
Based on 4 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.

2.11 out of 5 stars

Computer And Technology Sector

404th out of 832 stocks

Prepackaged Software Industry

141st out of 269 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.

Analysts Set New Price Targets

Separately, Morgan Stanley lowered their price target on shares of SecureWorks from $14.00 to $13.00 and set an "equal weight" rating on the stock in a report on Friday, June 3rd. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $15.80.

SecureWorks Trading Down 0.9 %

Shares of SecureWorks stock traded down $0.09 during trading hours on Friday, reaching $9.92. The stock had a trading volume of 39,972 shares, compared to its average volume of 44,582. The stock's 50 day moving average is $10.69 and its 200 day moving average is $12.12. The firm has a market capitalization of $841.81 million, a PE ratio of -15.03 and a beta of 0.89. SecureWorks has a twelve month low of $9.26 and a twelve month high of $26.89.

SecureWorks (NASDAQ:SCWX - Get Rating) last issued its quarterly earnings data on Thursday, June 2nd. The technology company reported ($0.18) earnings per share for the quarter, topping analysts' consensus estimates of ($0.21) by $0.03. The business had revenue of $121.00 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 return on equity of 4.66%. The company's revenue was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. As a group, sell-side analysts predict that SecureWorks will post -1.02 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Neil Gagnon purchased 10,711 shares of SecureWorks stock in a transaction that occurred on Tuesday, July 5th. The stock was purchased at an average price of $11.04 per share, for a total transaction of $118,249.44. Following the transaction, the insider now directly owns 395,331 shares in the company, valued at $4,364,454.24. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders purchased a total of 105,788 shares of company stock worth $1,108,865 in the last 90 days. Insiders own 85.30% of the company's stock.

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SCWX Stock News Headlines

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SCWX Company Calendar

Last Earnings
6/02/2022
Today
8/07/2022
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
+51.2%
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
$0.64 per share
Book Value
$7.69 per share

Miscellaneous

Free Float
12,474,000
Market Cap
$841.81 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" 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.
View analyst ratings for SecureWorks
or view top-rated stocks.

What is SecureWorks' stock price forecast for 2022?

6 Wall Street research analysts have issued twelve-month price targets for SecureWorks' shares. Their SCWX stock forecasts range from $12.00 to $19.00. On average, they expect SecureWorks' share price to reach $15.80 in the next twelve months. This suggests a possible upside of 59.3% from the stock's current price.
View analysts' price targets for SecureWorks
or view top-rated stocks among Wall Street analysts.

How has SecureWorks' stock price performed in 2022?

SecureWorks' stock was trading at $15.97 on January 1st, 2022. Since then, SCWX shares have decreased by 37.9% and is now trading at $9.92.
View the best growth stocks for 2022 here
.

When is SecureWorks' next earnings date?

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

How were SecureWorks' earnings last quarter?

SecureWorks Corp. (NASDAQ:SCWX) posted its quarterly earnings results on Thursday, June, 2nd. The technology company reported ($0.18) earnings per share for the quarter, beating analysts' consensus estimates 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 trailing twelve-month return on equity of 4.66% and a negative net margin of 10.64%. The business's revenue for the quarter was down 13.3% on a year-over-year basis. During the same period last year, the company earned ($0.01) earnings per share.

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

SecureWorks issued an update on its second quarter 2023 earnings guidance on Thursday, June, 30th. The company provided earnings per share (EPS) guidance of -$0.17--$0.15 for the period, compared to the consensus earnings per share 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 CEO Mike Cote on Glassdoor.com. Mike Cote has an approval rating of 83% among SecureWorks' 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 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.

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 many different institutional and retail investors. Top institutional investors 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 Connor Clark & Lunn Investment Management Ltd. (0.11%). Company insiders that own SecureWorks stock include Christian Grant, George B Hanna, Neil Gagnon, Paul Parrish and Wendy Thomas.
View institutional ownership trends for SecureWorks
.

How do I buy shares of SecureWorks?

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.
Compare Top Brokerages Here.

What is SecureWorks' stock price today?

One share of SCWX stock can currently be purchased for approximately $9.92.

How much money does SecureWorks make?

SecureWorks (NASDAQ:SCWX) has a market capitalization of $841.81 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?

SecureWorks 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 SecureWorks 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 8/7/2022 by MarketBeat.com Staff

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