NASDAQ:SCWX SecureWorks - SCWX Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding SecureWorks Corp. Please log in to your account or sign up in order to add this asset to your watchlist. $8.56 -0.08 (-0.93%) (As of 02/7/2023 12:00 AM ET) Add Compare Share Share Today's Range$8.40▼$8.6450-Day Range$5.34▼$8.6452-Week Range$5.28▼$16.23Volume38,925 shsAverage Volume47,149 shsMarket Capitalization$724.60 millionP/E RatioN/ADividend YieldN/APrice Target$11.50 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media SecureWorks MarketRank™ ForecastAnalyst RatingReduce1.25 Rating ScoreUpside/Downside34.3% Upside$11.50 Price TargetShort InterestHealthy2.15% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$65,517 Bought Last QuarterProj. Earnings GrowthGrowingFrom ($1.01) to ($0.91) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.88 out of 5 starsComputer And Technology Sector414th out of 610 stocksPrepackaged Software Industry147th out of 216 stocks 2.6 Analyst's Opinion Consensus RatingSecureWorks has received a consensus rating of Sell. The company's average rating score is 1.25, and is based on no buy ratings, 1 hold rating, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.50, SecureWorks has a forecasted upside of 34.3% from its current price of $8.56.Amount of Analyst CoverageSecureWorks has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.15% of the float of SecureWorks has been sold short.Short Interest Ratio / Days to CoverSecureWorks has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in SecureWorks has recently increased by 16.57%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldSecureWorks does not currently pay a dividend.Dividend GrowthSecureWorks does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SCWX. Previous Next 1.5 News and Social Media Coverage News SentimentSecureWorks has a news sentiment score of -0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 1 news article for SecureWorks this week, compared to 2 articles on an average week.MarketBeat Follows3 people have added SecureWorks to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, SecureWorks insiders have bought more of their company's stock than they have sold. Specifically, they have bought $65,517.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders85.30% of the stock of SecureWorks is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 10.41% of the stock of SecureWorks is held by institutions. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for SecureWorks are expected to grow in the coming year, from ($1.01) to ($0.91) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of SecureWorks is -8.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of SecureWorks is -8.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioSecureWorks has a P/B Ratio of 1.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About SecureWorks (NASDAQ:SCWX) StockSecureWorks Corp. is a cyber security company engaged in the provision of information security solutions. The firm's products include extended detection and response, managed detection and response, and vulnerability management. Its services include managed security, incident response, threat intelligence, security consulting, and adversarial security testing. The company was founded on 1999 and is headquartered in Atlanta, GA.Read More Receive SCWX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for SecureWorks and its competitors with MarketBeat's FREE daily newsletter. Email Address SCWX Stock News HeadlinesFebruary 7, 2023 | finance.yahoo.comSecureWorks to cut 9% of its workforce, as layoffs could affect more than 200 employeesJanuary 5, 2023 | finance.yahoo.comSecureworks to Participate in Upcoming Needham Growth ConferenceFebruary 7, 2023 | Wall Street Watch Dogs (Ad)The #1 Energy Stock to BuyThe next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…December 25, 2022 | finance.yahoo.comInsider Buying: Neil Gagnon Just Spent US$84k On SecureWorks Corp. (NASDAQ:SCWX) SharesDecember 22, 2022 | finance.yahoo.comHere's Why SecureWorks (SCWX) is Poised for a Turnaround After Losing 24.2% in 4 WeeksDecember 5, 2022 | finance.yahoo.comSecureWorks Corp. Q3 2023 Earnings Call TranscriptDecember 3, 2022 | finance.yahoo.comSecureWorks Third Quarter 2023 Earnings: EPS Beats Expectations, Revenues LagDecember 1, 2022 | finance.yahoo.comSecureworks Reports 80% year over year Growth in Taegis ARR to $222 Million in Connection with Third Quarter Fiscal 2023 ResultsFebruary 7, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...December 1, 2022 | finance.yahoo.comSecureWorks (SCWX) Reports Q3 Loss, Misses Revenue EstimatesNovember 26, 2022 | finance.yahoo.comSecureWorks (NASDAQ:SCWX) shareholders have endured a 58% loss from investing in the stock a year agoNovember 18, 2022 | finance.yahoo.comSecureworks Unveils Partner First StrategyNovember 15, 2022 | finance.yahoo.comSecureworks to Report Third Quarter Fiscal 2023 Financial Results on December 1, 2022October 18, 2022 | finance.yahoo.comSecureworks Launches Taegis™ XDR Platform in Japan as Threat from Ransomware EscalatesOctober 12, 2022 | finanznachrichten.deSecureworks, Inc.: Secureworks Launches Taegis XDR Platform in Japan as Threat from Ransomware EscalatesSeptember 29, 2022 | americanbankingnews.comSecureWorks (NASDAQ:SCWX) Releases Q3 2023 Earnings GuidanceSeptember 19, 2022 | finance.yahoo.comGrowing At 12.50% CAGR, Managed Security Services Market Size Projected to Reach USD 46493.99 Million by 2028 – Global Industry Trends, Share, Growth, Analysis & Forecast Report by Facts & Factors - Yahoo FinanceSeptember 19, 2022 | globenewswire.comGrowing At 12.50% CAGR, Managed Security Services Market Size Projected to Reach USD 46493.99 Million by 2028 – Global Industry Trends, Share, Growth, Analysis & Forecast Report by Facts & Factors - GlobeNewswireSeptember 16, 2022 | washingtonpost.comIranian hackers moonlight their expertise - The Washington PostSeptember 16, 2022 | seekingalpha.comSecureWorks: Potential Turnaround With $100B Cybersecurity TAM (NASDAQ:SCWX) - Seeking AlphaSeptember 15, 2022 | benzinga.comSecureWorks (NASDAQ:SCWX) – Looking Into SecureWorks's Return On Capital Employed - BenzingaSeptember 13, 2022 | seekingalpha.comSecureWorks (SCWX) Sees Taegis Growth; FX Headwinds Remain - Seeking AlphaSeptember 7, 2022 | nasdaq.comCompanies Like SecureWorks (NASDAQ:SCWX) Can Afford To Invest In Growth - NasdaqSeptember 3, 2022 | finance.yahoo.comCompanies Like SecureWorks (NASDAQ:SCWX) Can Afford To Invest In GrowthSeptember 1, 2022 | nasdaq.comSentinelOne (S) Reports Q2 Loss, Tops Revenue Estimates - NasdaqSeptember 1, 2022 | investing.comSecureWorks Corp. Tops Q2 EPS by 4c By Investing.com - Investing.comSeptember 1, 2022 | seekingalpha.comSecureworks stock falls after co reports mixed FQ2 2023 results, slashes revenue guidance - Seeking AlphaSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive SCWX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for SecureWorks and its competitors with MarketBeat's FREE daily newsletter. Email Address SCWX Company Calendar Last Earnings12/01/2022Today2/07/2023Next Earnings (Estimated)3/16/2023Fiscal Year End1/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:SCWX CUSIPN/A CIK1468666 Webwww.secureworks.com Phone(404) 327-6339FaxN/AEmployees2,351Year FoundedN/APrice Target and Rating Average Stock Price Forecast$11.50 High Stock Price Forecast$16.00 Low Stock Price Forecast$9.00 Forecasted Upside/Downside+34.3%Consensus RatingReduce Rating Score (0-4)1.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($0.99) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-39,790,000.00 Net Margins-17.49% Pretax Margin-23.60% Return on Equity-9.41% Return on Assets-6.32% Debt Debt-to-Equity RatioN/A Current Ratio1.04 Quick Ratio1.03 Sales & Book Value Annual Sales$535.21 million Price / Sales1.35 Cash Flow$0.64 per share Price / Cash Flow13.40 Book Value$7.69 per share Price / Book1.11Miscellaneous Outstanding Shares84,650,000Free Float12,444,000Market Cap$724.60 million OptionableOptionable Beta0.96 Key ExecutivesWendy K. ThomasPresident, Chief Executive Officer & DirectorPaul M. ParrishChief Financial Officer & Senior Vice PresidentMichael AielloChief Technology OfficerChristian M. GrantChief Accounting Officer & Vice PresidentBarry R. HensleyChief Threat Intelligence OfficerKey CompetitorsCouchbaseNASDAQ:BASE2UNASDAQ:TWOUOperaNASDAQ:OPRAMaterialiseNASDAQ:MTLSBandwidthNASDAQ:BANDView All CompetitorsInsiders & InstitutionsBrooktree Capital ManagementBought 4,802 shares on 2/7/2023Ownership: 0.168%Oppenheimer Asset Management Inc.Sold 2,074 shares on 2/7/2023Ownership: 0.037%Gladius Capital Management LPBought 15,351 shares on 2/2/2023Ownership: 0.018%Simplex Trading LLCSold 700 shares on 2/2/2023Ownership: 0.000%Horrell Capital Management Inc.Sold 8,627 shares on 1/30/2023Ownership: 0.426%View All Insider TransactionsView All Institutional Transactions SCWX Stock - Frequently Asked Questions Should I buy or sell SecureWorks stock right now? 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. View SCWX analyst ratings or view top-rated stocks. What is SecureWorks' stock price forecast for 2023? 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. View analysts price targets for SCWX or view top-rated stocks among Wall Street analysts. How have SCWX shares performed in 2023? 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. View the best growth stocks for 2023 here. Are investors shorting SecureWorks? 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. When is SecureWorks' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, March 16th 2023. View our SCWX earnings forecast. How were SecureWorks' earnings last quarter? 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%. What guidance has SecureWorks issued on next quarter's earnings? 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. 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 (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. 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 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. 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 $8.51. How much money does SecureWorks make? 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. 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 2/7/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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