SecureWorks - SCWX Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SecureWorks in the last year. There are currently 3 sell ratings and 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" SCWX shares.
View SCWX analyst ratings or view top-rated stocks.

4 brokerages have issued 1 year price objectives for SecureWorks' stock. Their SCWX share price forecasts range from $9.00 to $16.00. On average, they predict the company's share price to reach $11.50 in the next twelve months. This suggests a possible upside of 33.3% from the stock's current price.
View analysts price targets for SCWX or view top-rated stocks among Wall Street analysts.

SecureWorks' stock was trading at $6.39 at the start of the year. Since then, SCWX shares have increased by 35.1% and is now trading at $8.63.
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SecureWorks saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 206,100 shares, an increase of 16.6% from the December 31st total of 176,800 shares. Based on an average daily volume of 77,100 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.2% of the shares of the stock are short sold.
View SecureWorks' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 16th 2023.
View our SCWX earnings forecast.

SecureWorks Corp. (NASDAQ:SCWX) posted its earnings results on Thursday, December, 1st. The technology company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.09. The technology company had revenue of $110.94 million for the quarter, compared to the consensus estimate of $111.98 million. SecureWorks had a negative net margin of 17.49% and a negative trailing twelve-month return on equity of 9.41%.

SecureWorks updated its fourth quarter 2023 earnings guidance on Saturday, December, 31st. The company provided earnings per share guidance of -$0.28--$0.24 for the period, compared to the consensus EPS estimate of -$0.24. The company issued revenue guidance of $108.00 million-$112.00 million, compared to the consensus revenue estimate of $111.77 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 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 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 retail and institutional investors. Top institutional investors include Horrell Capital Management Inc. (0.43%), Gladius Capital Management LP (0.02%), Simplex Trading LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Christian Grant, George B Hanna, Neil Gagnon, Paul Parrish and Wendy Thomas.
View institutional ownership trends.

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 $8.63.

SecureWorks (NASDAQ:SCWX) has a market capitalization of $730.53 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 ($0.99) 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.