SecureWorks - SCWX Stock Forecast, Price & News

4 Wall Street 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 analysts is that investors should "sell" SCWX shares.
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4 analysts have issued 12-month price targets for SecureWorks' shares. Their SCWX share price forecasts range from $9.00 to $16.00. On average, they expect the company's share price to reach $11.50 in the next year. This suggests a possible upside of 35.1% from the stock's current price.
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SecureWorks' stock was trading at $6.39 at the start of the year. Since then, SCWX shares have increased by 33.2% and is now trading at $8.51.
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SecureWorks saw a increase in short interest in 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 trading volume of 77,100 shares, the days-to-cover ratio is currently 2.7 days. Approximately 2.2% of the shares of the company are sold short.
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) issued its quarterly earnings results on Thursday, December, 1st. The technology company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.09. The technology company had revenue of $110.94 million for the quarter, compared to analysts' expectations of $111.98 million. SecureWorks had a negative trailing twelve-month return on equity of 9.41% and a negative net margin of 17.49%.

SecureWorks issued an update on its fourth quarter 2023 earnings guidance on Saturday, December, 31st. The company provided 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.

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 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 variety of institutional and retail investors. Top institutional shareholders include Horrell Capital Management Inc. (0.43%), Brooktree Capital Management (0.17%), Oppenheimer Asset Management Inc. (0.04%), 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 $8.51.

SecureWorks (NASDAQ:SCWX) has a market capitalization of $720.37 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.