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" 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.

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.

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.

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

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.

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.

139 employees have rated SecureWorks CEO Mike Cote on Glassdoor.com. Mike Cote has an approval rating of 83% among SecureWorks' 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 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.

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

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.

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.

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

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.

SecureWorks employs 2,351 workers across the globe.

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.