SecureWorks Corp. (NASDAQ:SCWX) Receiving Somewhat Positive Media Coverage, Report Shows
News articles about SecureWorks Corp. (NASDAQ:SCWX) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SecureWorks Corp. earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.4048569952005 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.
A number of equities analysts recently weighed in on the company. UBS AG reaffirmed a “neutral” rating and issued a $11.00 price target (down previously from $12.00) on shares of SecureWorks Corp. in a report on Friday, June 9th. Zacks Investment Research raised SecureWorks Corp. from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $11.00 price target on shares of SecureWorks Corp. in a report on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $13.90.
SecureWorks Corp. (NASDAQ:SCWX) traded down 0.38% during midday trading on Friday, reaching $10.58. The company’s stock had a trading volume of 33,692 shares. SecureWorks Corp. has a 52 week low of $8.25 and a 52 week high of $15.80. The company’s 50-day moving average is $10.39 and its 200 day moving average is $10.17. The firm’s market capitalization is $857.75 million.
SecureWorks Corp. (NASDAQ:SCWX) last issued its quarterly earnings data on Tuesday, June 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. SecureWorks Corp. had a negative return on equity of 3.82% and a negative net margin of 9.21%. The company had revenue of $113.70 million for the quarter, compared to analyst estimates of $110.70 million. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. Analysts expect that SecureWorks Corp. will post ($0.32) earnings per share for the current fiscal year.
About SecureWorks Corp.
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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