NASDAQ:SCWX - Secureworks Stock Price, Forecast & News

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

Secureworks Corp (NASDAQ:SCWX) announced its quarterly earnings data on Thursday, December, 5th. The technology company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.03. The technology company earned $141.33 million during the quarter, compared to the consensus estimate of $136.12 million. Secureworks had a negative return on equity of 2.39% and a negative net margin of 7.06%. The company's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 EPS. 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 updated its fourth quarter earnings guidance on Thursday, December, 5th. The company provided earnings per share 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 analysts have issued twelve-month target prices for Secureworks' stock. Their forecasts range from $12.50 to $14.00. On average, they expect Secureworks' share price to reach $13.13 in the next year. This suggests that the stock has a possible downside of 18.4%. 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.

Media stories about SCWX stock have been trending extremely negative this week, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Secureworks earned a news impact score of -4.5 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future. 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 daily trading volume, of 194,400 shares, the days-to-cover ratio is presently 7.8 days. Approximately 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), Pivotal Software (PVTL), Q2 (QTWO), ACI Worldwide (ACIW), New Relic (NEWR), Blackbaud (BLKB), Descartes Systems Group (DSGX), Cornerstone OnDemand (CSOD), BlackBerry (BB), Cogent Communications (CCOI), Qualys (QLYS) and Blackline (BL).

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 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 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.

Secureworks' stock is owned by a number of of institutional and retail investors. Top institutional shareholders 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 $16.09.

Secureworks has a market capitalization of $1.31 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]