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NASDAQ:SCWX

SecureWorks - SCWX Stock Forecast, Price & News

$6.50
+0.09 (+1.40%)
(As of 12/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$6.32
$6.56
50-Day Range
$6.24
$8.35
52-Week Range
$6.18
$17.67
Volume
34,597 shs
Average Volume
109,446 shs
Market Capitalization
$552.31 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$11.50

SecureWorks MarketRank™ Forecast

Analyst Rating
Reduce
1.25 Rating Score
Upside/​Downside
76.9% Upside
$11.50 Price Target
Short Interest
Healthy
2.39% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.12mentions of SecureWorks in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.01) to ($0.91) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.07 out of 5 stars

Computer And Technology Sector

375th out of 621 stocks

Prepackaged Software Industry

138th out of 218 stocks

SCWX stock logo

About SecureWorks (NASDAQ:SCWX) Stock

SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions, managed security services, and professional services, including incident response and security risk consulting services. Its solutions enable organizations to prevent security breaches, detect malicious activity, respond rapidly to security breaches, and identify emerging threats. The company sells its solutions primarily through its direct sales organization, as well as through referral agents, regional value-added resellers, and trade associations. It serves customers in a range of industries, including financial services, manufacturing, technology, retail, insurance, utility, and healthcare sectors. The company was formerly known as SecureWorks Holding Corporation and changed its name to SecureWorks Corp. in November 2015. SecureWorks Corp. was founded in 1999 and is headquartered in Atlanta, Georgia. SecureWorks Corp. operates as a subsidiary of Dell Marketing L.P.

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SCWX Stock News Headlines

SecureWorks Corp. Q3 2023 Earnings Call Transcript
SecureWorks (NASDAQ:SCWX) Given New $9.00 Price Target at Barclays
SecureWorks (NASDAQ:SCWX) Updates Q4 2023 Earnings Guidance
SecureWorks (SCWX) to Release Quarterly Earnings on Wednesday
Secureworks Unveils Partner First Strategy
SecureWorks (NASDAQ:SCWX) Releases Q3 2023 Earnings Guidance
See More Headlines
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SCWX Company Calendar

Last Earnings
12/01/2021
Today
12/09/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:SCWX
Fax
N/A
Employees
2,351
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$11.50
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$9.00
Forecasted Upside/Downside
+76.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.25
Research Coverage
4 Analysts

Profitability

Net Income
$-39,790,000.00
Pretax Margin
-23.60%

Debt

Sales & Book Value

Annual Sales
$535.21 million
Cash Flow
$0.66 per share
Book Value
$6.90 per share

Miscellaneous

Free Float
12,491,000
Market Cap
$552.31 million
Optionable
Optionable
Beta
0.89

Key Executives

  • Ms. Wendy K. Thomas (Age 49)
    Pres, CEO & Director
    Comp: $820.48k
  • Mr. Paul M. Parrish (Age 60)
    Sr. VP & CFO
    Comp: $684.47k
  • Mr. Joe Strathmann
    VP Global Operations
  • Mr. Christian M. GrantMr. Christian M. Grant (Age 46)
    VP & Chief Accounting Officer
  • Mr. Michael Aiello
    Chief Technology Officer
  • Mr. George Barry Hanna (Age 55)
    Sr. VP, Chief Legal & Admin. Officer and Corp. Sec.
  • Mr. Andrew Storm
    VP of Investor Relations
  • Elizabeth W. Clarke
    Director of Media Relations
  • Ms. Tracey Mustacchio
    Chief Marketing Officer
  • Colonel Barry Hensley
    Chief Threat Intelligence Officer













SCWX Stock - Frequently Asked Questions

Should I buy or sell SecureWorks stock right now?

4 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 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" SCWX shares.
View SCWX analyst ratings
or view top-rated stocks.

What is SecureWorks' stock price forecast for 2023?

4 Wall Street research analysts have issued 12-month 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 83.4% from the stock's current price.
View analysts price targets for SCWX
or view top-rated stocks among Wall Street analysts.

How have SCWX shares performed in 2022?

SecureWorks' stock was trading at $15.97 at the beginning of 2022. Since then, SCWX stock has decreased by 60.7% and is now trading at $6.27.
View the best growth stocks for 2022 here
.

How were SecureWorks' earnings last quarter?

SecureWorks Corp. (NASDAQ:SCWX) issued its earnings results on Wednesday, December, 1st. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.07. The technology company had revenue of $133.70 million for the quarter, compared to analysts' expectations of $132.88 million. SecureWorks had a negative trailing twelve-month return on equity of 9.41% and a negative net margin of 17.49%. The business's revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS.

What guidance has SecureWorks issued on next quarter's earnings?

SecureWorks updated its fourth quarter 2023 earnings guidance on Thursday, December, 1st. The company provided earnings per share (EPS) guidance of -$0.28--$0.24 for the period, compared to the consensus earnings per share 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.

What is Mike Cote's approval rating as SecureWorks' CEO?

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.

What other stocks do shareholders of SecureWorks own?

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).

When did SecureWorks IPO?

(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.

What is SecureWorks' stock symbol?

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

Who are SecureWorks' major shareholders?

SecureWorks' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (1.27%), Gagnon Securities LLC (1.21%), Royce & Associates LP (0.92%), BlackRock Inc. (0.77%), Cove Street Capital LLC (0.71%) and Federated Hermes Inc. (0.38%). Insiders that own company stock include Christian Grant, George B Hanna, Neil Gagnon, Paul Parrish and Wendy Thomas.
View institutional ownership trends
.

How do I buy shares of SecureWorks?

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.
Compare Top Brokerages Here.

What is SecureWorks' stock price today?

One share of SCWX stock can currently be purchased for approximately $6.27.

How much money does SecureWorks make?

SecureWorks (NASDAQ:SCWX) has a market capitalization of $532.76 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.

How many employees does SecureWorks have?

The company employs 2,351 workers across the globe.

How can I contact SecureWorks?

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.

This page (NASDAQ:SCWX) was last updated on 12/9/2022 by MarketBeat.com Staff