Brokerages predict that Secureworks Corp (NASDAQ:SCWX) will report ($0.08) earnings per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Secureworks’ earnings. The highest EPS estimate is ($0.08) and the lowest is ($0.09). Secureworks reported earnings per share of ($0.02) during the same quarter last year, which would indicate a negative year over year growth rate of 300%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, April 4th.
On average, analysts expect that Secureworks will report full year earnings of ($0.30) per share for the current year, with EPS estimates ranging from ($0.31) to ($0.29). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.18) per share, with EPS estimates ranging from ($0.22) to ($0.14). Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Secureworks.
Secureworks (NASDAQ:SCWX) last announced its quarterly earnings data on Wednesday, December 6th. The technology company reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. The company had revenue of $117.53 million during the quarter, compared to analysts’ expectations of $115.67 million. Secureworks had a negative return on equity of 3.95% and a negative net margin of 9.60%. Secureworks’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) EPS.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Secureworks by 10.9% during the second quarter. Vanguard Group Inc. now owns 869,475 shares of the technology company’s stock worth $8,078,000 after acquiring an additional 85,627 shares during the period. FMR LLC acquired a new stake in shares of Secureworks in the second quarter valued at approximately $6,863,000. Gagnon Securities LLC acquired a new stake in shares of Secureworks in the third quarter valued at approximately $5,109,000. King Luther Capital Management Corp raised its position in shares of Secureworks by 354.3% in the third quarter. King Luther Capital Management Corp now owns 99,940 shares of the technology company’s stock valued at $1,234,000 after buying an additional 77,940 shares in the last quarter. Finally, State Street Corp raised its position in shares of Secureworks by 13.6% in the second quarter. State Street Corp now owns 78,624 shares of the technology company’s stock valued at $731,000 after buying an additional 9,417 shares in the last quarter. Institutional investors own 7.96% of the company’s stock.
Shares of Secureworks (NASDAQ SCWX) traded down $0.10 during midday trading on Monday, hitting $9.43. The stock had a trading volume of 44,400 shares, compared to its average volume of 103,231. The company has a market cap of $764.56 and a PE ratio of -16.84. Secureworks has a 12 month low of $8.10 and a 12 month high of $12.99.
Secureworks Corp. is a holding company. The Company provides intelligence-driven information security solutions. The Company is focused on protecting the Company’s clients from cyber-attacks. The Company’s solutions enable companies to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond to security incidents, and predict emerging threats.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Secureworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Secureworks and related companies with MarketBeat.com's FREE daily email newsletter.