-$0.08 EPS Expected for Secureworks Corp (SCWX) This Quarter

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 equities analysts have recently weighed in on the company. Zacks Investment Research cut Secureworks from a “buy” rating to a “hold” rating in a report on Wednesday, December 13th. KeyCorp reiterated a “buy” rating and set a $13.00 price target on shares of Secureworks in a report on Thursday, December 7th. BidaskClub upgraded Secureworks from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 13th. JPMorgan Chase & Co. cut Secureworks from an “overweight” rating to a “neutral” rating and set a $12.00 price target for the company. in a report on Wednesday, December 6th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Secureworks in a report on Friday, December 8th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.95.

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.

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About Secureworks

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.

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