SecureWorks Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SecureWorks in the last twelve months. There are currently 2 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.
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SecureWorks saw a drop in short interest in June. As of June 15th, there was short interest totaling 781,300 shares, a drop of 24.1% from the May 31st total of 1,030,000 shares. Based on an average trading volume of 129,300 shares, the short-interest ratio is presently 6.0 days. Approximately 8.9% of the company's shares are sold short.
View SecureWorks' Short Interest.

SecureWorks is scheduled to release its next quarterly earnings announcement on Wednesday, September 8th 2021.
View our earnings forecast for SecureWorks.

SecureWorks Corp. (NASDAQ:SCWX) released its quarterly earnings data on Wednesday, June, 2nd. The technology company reported $0.05 EPS for the quarter, beating the Zacks' consensus estimate of ($0.04) by $0.09. The technology company earned $139.50 million during the quarter, compared to analyst estimates of $135.10 million. SecureWorks had a positive trailing twelve-month return on equity of 0.15% and a negative net margin of 3.71%. The business's quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 earnings per share.
View SecureWorks' earnings history.

SecureWorks' stock was trading at $11.08 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SCWX stock has increased by 101.4% and is now trading at $22.31.
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SecureWorks updated its FY 2022 earnings guidance on Tuesday, June, 29th. The company provided earnings per share guidance of $-0.130-$-0.040 for the period, compared to the Thomson Reuters consensus estimate of $-0.280. The company issued revenue guidance of $540 million-$550 million, compared to the consensus revenue estimate of $540.67 million.

5 equities research analysts have issued 1 year price targets for SecureWorks' stock. Their forecasts range from $14.00 to $15.00. On average, they anticipate SecureWorks' stock price to reach $14.75 in the next twelve months. This suggests that the stock has a possible downside of 33.9%.
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139 employees have rated SecureWorks CEO Mike Cote on Glassdoor.com. Mike Cote has an approval rating of 83% among SecureWorks' employees.

Some companies that are related to SecureWorks include Varonis Systems (VRNS), BlackLine (BL), Data443 Risk Mitigation (ATDS), Workiva (WK), Rapid7 (RPD), MicroStrategy (MSTR), Clear Secure (YOU), nCino (NCNO), The Descartes Systems Group (DSGX), Q2 (QTWO), Duck Creek Technologies (DCT), CyberArk Software (CYBR), BlackBerry (BB), Kingsoft Cloud (KC) and National Instruments (NATI).
View all of SCWX's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other SecureWorks investors own include AT&T (T), Adobe (ADBE), Activision Blizzard (ATVI), The 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 IPO 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."

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.
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One share of SCWX stock can currently be purchased for approximately $22.31.

SecureWorks has a market capitalization of $1.86 billion and generates $561.03 million in revenue each year. The technology company earns $-21,900,000.00 in net income (profit) each year or ($0.01) on an earnings per share basis.

SecureWorks employs 2,696 workers across the globe.

The official website for SecureWorks is www.secureworks.com.

SecureWorks is headquartered at ONE CONCOURSE PARKWAY SUITE 500, ATLANTA GA, 30328.

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]