SecureWorks - SCWX Stock Forecast, Price & News

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

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.

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.

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.

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).

(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.

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

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.
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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.
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One share of SCWX stock can currently be purchased for approximately $9.82.

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.

The company employs 2,351 workers across the globe.

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.