Secureworks Stock Forecast, Price & News

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 12.6% and is now trading at $12.48.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Secureworks in the last year. There are currently 2 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
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Secureworks is scheduled to release its next quarterly earnings announcement on Thursday, December 3rd 2020.
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Secureworks Corp (NASDAQ:SCWX) posted its earnings results on Wednesday, September, 9th. The technology company reported $0.10 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.02 by $0.08. The technology company earned $138.50 million during the quarter, compared to analysts' expectations of $136.11 million. Secureworks had a negative net margin of 3.89% and a negative return on equity of 0.35%. The business's quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) earnings per share.
View Secureworks' earnings history.

6 brokerages have issued 1 year price targets for Secureworks' stock. Their forecasts range from $10.00 to $14.00. On average, they expect Secureworks' share price to reach $12.20 in the next year. This suggests that the stock has a possible downside of 2.2%.
View analysts' price targets for Secureworks.

Secureworks saw a drop in short interest in August. As of August 31st, there was short interest totaling 827,500 shares, a drop of 17.3% from the August 15th total of 1,000,000 shares. Based on an average daily trading volume, of 123,200 shares, the days-to-cover ratio is currently 6.7 days. Approximately 10.7% of the company's shares are sold short.
View Secureworks' Short Interest.

Some companies that are related to Secureworks include Appian (APPN), Jamf (JAMF), Tenable (TENB), Bandwidth (BAND), Cyberark Software (CYBR), Qualys (QLYS), Varonis Systems (VRNS), Sailpoint Technologies (SAIL), Cloudera (CLDR), New Relic (NEWR), Repare Therapeutics (VERX), LivePerson (LPSN), Momo (MOMO), Altair Engineering (ALTR) and Rapid7 (RPD).
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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 Group (MRVL).

(SCWX) raised $148 million in an initial public offering (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 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 number of institutional and retail investors. Top institutional shareholders include Gagnon Advisors LLC (0.76%), Gagnon Securities LLC (0.58%), Federated Hermes Inc. (0.38%), Horrell Capital Management Inc. (0.27%), AQR Capital Management LLC (0.15%) and Marshall Wace LLP (0.14%).

SCWX stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Trexquant Investment LP, US Bancorp DE, Gagnon Securities LLC, Spark Investment Management LLC, PDT Partners LLC, Blair William & Co. IL, and Charles Schwab Investment Management Inc..

SCWX stock was acquired by a variety of institutional investors in the last quarter, including Gagnon Advisors LLC, Horrell Capital Management Inc., Federated Hermes Inc., AQR Capital Management LLC, Marshall Wace LLP, Marshall Wace North America L.P., Dupont Capital Management Corp, and Gamco Investors INC. ET AL.

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 $12.48.

Secureworks has a market capitalization of $1.03 billion and generates $552.77 million in revenue each year. The technology company earns $-31,670,000.00 in net income (profit) each year or ($0.19) on an earnings per share basis. Secureworks employs 2,663 workers across the globe.

The official website for Secureworks is 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]