Secureworks (SCWX) Earning Somewhat Positive Press Coverage, Report Shows

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Media coverage about Secureworks (NASDAQ:SCWX) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Secureworks earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.8134069949095 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern’s rankings:

SCWX has been the topic of several recent research reports. BidaskClub upgraded shares of Secureworks from a “hold” rating to a “buy” rating in a research report on Thursday. ValuEngine upgraded shares of Secureworks from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Citigroup boosted their price objective on shares of Secureworks from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, June 7th. Stifel Nicolaus boosted their price objective on shares of Secureworks from $9.00 to $10.50 and gave the stock a “hold” rating in a research report on Thursday, June 7th. Finally, Zacks Investment Research upgraded shares of Secureworks from a “sell” rating to a “hold” rating in a research report on Thursday, May 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $11.88.

Shares of Secureworks traded up $0.19, hitting $14.90, on Friday, Marketbeat.com reports. The company’s stock had a trading volume of 944,907 shares, compared to its average volume of 134,316. Secureworks has a 52-week low of $7.83 and a 52-week high of $15.88. The firm has a market capitalization of $1.20 billion, a PE ratio of -33.11 and a beta of 1.38.

Secureworks (NASDAQ:SCWX) last released its quarterly earnings data on Wednesday, June 6th. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. Secureworks had a negative net margin of 5.76% and a negative return on equity of 5.19%. The business had revenue of $126.16 million for the quarter, compared to analyst estimates of $122.48 million. During the same period in the previous year, the firm earned ($0.07) EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. research analysts forecast that Secureworks will post -0.34 earnings per share for the current fiscal year.

About Secureworks

SecureWorks Corp., through its subsidiaries, provides intelligence-driven information security solutions focused on protecting organizations from cyber-attacks. The company's solutions include managed security, threat intelligence, security and risk consulting, and incident response. Its solutions enable organizations 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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