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, topping the consensus estimate of ($0.08) by $0.03. The technology company earned $141.33 million during 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 quarter in the prior year, the firm 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 earnings per share (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 analysts have issued 12-month price targets 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 21.3%. 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 been trending neutral on Tuesday, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand blog and news 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 0.5 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Secureworks.

Secureworks saw a increase in short interest in the month of 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 days-to-cover ratio is currently 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), ACI Worldwide (ACIW), AppFolio (APPF), Q2 (QTWO), Pivotal Software (PVTL), New Relic (NEWR), Blackbaud (BLKB), Descartes Systems Group (DSGX), Cornerstone OnDemand (CSOD), BlackBerry (BB), Appian (APPN), Blackline (BL) and Cogent Communications (CCOI).

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.

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 $16.68.

Secureworks has a market capitalization of $1.35 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]